The share price of Simonds Farsons Cisk plc closed lower for the second successive day to rank as the week’s worst performer with an 8.7% decline. The equity slumped another 5.5% during today’s session to close at the €1.635 level – marginally above its 2010 low of €1.63. Last week the Group reported an improved turnover for the first six months of the current financial year which resulted in a 19.4% increase in profitability. The Directors declared an interim dividend of €0.0133 per share which will be paid on 22 October 2010. Further details of financial results available at https://rizzofarrugia.com/news-events/2010/interim-results-sfc11/.
Malta International Airport plc also closed in negative territory today in spite of last Monday’s announcement of a 15.4% increase in passenger movements during September. During the first nine months of the year, MIA recorded a 12.4% growth in passengers. MIA’s share price reversed the recent gain as the equity retreated by 1.9% to the €1.50 level across 3,400 shares.
Elsewhere in the market, Bank of Valletta plc edged 0.3% higher to €3.27 to close the week with a 0.9% gain. Meanwhile HSBC Bank Malta plc failed to recover from earlier declines as it ended the week 1.8% lower at the €2.805 level.
The only other active equity, FIMBank plc, inched 1.1% higher to regain the US$0.96 level on volumes of 5,690 shares. Details of the bond issue, denominated in both euros and US Dollar available at https://rizzofarrugia.com/news-events/2010/details-of-new-bond-issue-6/.