The Malta Stock Exchange index closed at 4626.37 points, down 0.54%. Advancers outnumbered decliners by three to two. The shares in MaltaPost p.l.c. marched on, whereas the shares of Bank of Valletta p.l.c. continued to zoom down.
• The shares in MaltaPost p.l.c. sparkled again, topping the charts with a 2.7% rise. The share price closed at trade range level at Eur0.907 (MTL0.389), up Eur5c9 (MTL0.025) across 12,978 shares. Following a company announcement issued by MaltaPost p.l.c. on Thursday, 20th March 2008 the said Company advised that it has received Notification from Mr Mohammed Ibrahim Hussain Marafie, to confirm that as a result of a further acquisition of shares on the Malta Stock Exchange on Friday 14th March 2008, he now holds a total of 1,407,126 shares of MaltaPost plc representing 5.0255% of the equity capital of the company.
• On the banking front, HSBC Bank Malta p.l.c. edged forward Eur0c5 (MTL0.002) to close the first session of the week at Eur4.415 (MTL1.895) across 5,842 shares. At the end of trading, bids for 1,758 shares stood at Eur4.405 (MTL1.891) , whereas the best offer for 4,805 shares stood at Eur4.415 (MTL1.895).
• On the winners list, Grand Harbour Marina p.l.c. registered a Eur1c0 (MTL0.004) gain to settle at the Eur1.74 (MTL0.747) level. A total of 5,800 shares were swapped across a single transaction.
• On a negative note, the shares of Bank of Valletta p.l.c. got off to another bad start. The share price traded a notable Eur15c0 (MTL0.064) lower to finish at Eur5.50 (MTL2.361) across 3,888 shares. The lowest traded price during the session was Eur5.50 (MTL2.361), whereas the highest traded price of the day was Eur5.65 (MTL2.426).
• GO p.l.c. was nearly non-existent with a mere 810 shares changing hands, bringing the price down by Eur2c9 (MTL0.012) at Eur3.00 (MTL1.288).
• Today Medserv p.l.c. announced that the board of directors is scheduled to meet on Thursday 27th March 2008 to consider, and if thought fit approve the Annual Financial Statements of the Company for the financial year ended 31st December 2007. Furthermore, the board of Directors shall consider the declaration or otherwise of a dividend.
Issued by GlobalCapital Financial Management Ltd, 120 The Strand, Gzira, GZR03 for information purposes only and is not intended to constitute any financial, legal or tax advice. This write up is not to be taken as investment advice to buy or sell any investment. Investors should seek professional advice prior to taking investment decisions and should note that the value of investments may fall as well as rise. Readers who would like more information are invited to send an E-mail to info@globalcapital.com.mt or Tel: 21 310088. GlobalCapital Financial Management Ltd, is a member of the Malta Stock Exchange and is licensed by the Malta Financial Services Authority (MFSA).
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