Index down as negatives outweigh postives

MSE Daily Trading Report, January 12, 2017

The MSE Equity Total Return Index closed 0.104% lower at 8,631.49 points. A total of 10 equities were active during the session of which; four headed north, while five depreciated. A total turnover of €361,604 was generated among 41 transactions.

Major banks, Bank of Valletta plc (BOV) and HSBC Bank Malta plc both closed in positive territory as they gained 0.83% and 0.57% respectively. BOV shares closed the session at €1.82, as 23 deals managed to generate a total turnover of €266,676. Similarly, HSBC shares closed the session at €1.76, as three trades saw 6,098 shares exchange hands.

In the telecommunications sector, GO plc shares reached the €3.52 price level - adding 0.6% to Thursday’s closing price. A total of two transactions saw 2,242 shares exchange hands.  During the day, GO plc announced that following its decision not to participate in the convertible bond loan issued by Forthnet S.A. on October 11, 2016 the company’s percentage shareholding in Forthnet has declined. GO plc now directly holds 15.19% of Forthnet’s issued share capital, as opposed to the 22.605% which it owned prior to the convertible bond loan. The company has informed both Forthnet and the Hellenic Capital Market commission about this change which resulted from an increase in the issued share capital of Forthnet.

On a negative note, property firms; Plaza Centres plc and MIDI plc closed  0.9% and 1.73% lower, at €1.10 and €0.34 respectively. A single trade of 150,000 shares was executed in MIDI shares, while Plaza shares traded once over a slim volume.

Mapfre Middlesea plc shares closed 1.1% higher at €1.84, as a single trade of 1,500 shares was registered.

Simonds Farsons Cisk plc registered the day’s weakest performance, as the equity slipped by 5.29%, to close at €8.05. The equity featured in three separate trades, worth  €4,789 in total.

Maltapost plc and RS2 Software plc were also down, albeit in different magnitudes. The former declined by 3.77%, to close at  €2.04, while the latter dropped by 0.67%, to close at  €1.49%.

Elsewhere, PG plc was the sole active equity to trade unchanged.

Following market close, Malta International Airport plc presented its traffic forecast for 2018, revealing that it expects to register further growth in the coming year to reach the figure of 6.5 million passengers. In a press conference, the company announced that during 2017, an upturn of 17.5% in passenger movement was recorded.  The seat load factor for the year remained at a healthy 82.4%, in line with the European trend. The airport also revealed that more than 16 new routes will feature in 2018. The company also indicated that this year will be busy in terms of infrastructure developments, particularly the Terminal Reconfiguration Project as well as another €8.8 million which shall be invested in the airport infrastructure. Finally, the CEO presented the financial targets for the year, including total revenue which is expected to reach over €87 million and net profit projected to over €28 million.

In the sovereign debt market, a total of eight issues where active of which all but one depreciated while the 4.1% MGS 2034 (I) closed unchanged. The biggest decline was registered in the 2.3% MGS 2029 (II) as it fell by 0.63%, to close at  €108.57.

In the corporate debt market a total of 14 issues were active, as gainers and losers tallied to five a piece. The 4% MIDI plc Secured  €2026  registered the strongest performance during the session as a single trade of 7,000 nominal managed to push the price up to €103.24.                            


Equity Trades

 

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

146,743

266,676.24

23

1.820

0.83%

HSB

6,098

10,732.48

3

1.760

0.57%

MMS

1,500

2,760.00

1

1.840

1.10%

SFC

598

4,789.00

3

8.050

-5.29%

GO

2,242

7,891.84

2

3.520

0.57%

PZC

1,000

1,100.00

1

1.100

-0.90%

MTP

687

1,401.48

1

2.040

-3.77%

RS2

6,400

9,555.00

4

1.490

-0.67%

MDI

150,000

51,000.00

1

0.340

-1.73%

PG

4,070

5,698.00

2

1.400

0.00%



Corporate Bond Trades

 

 

Closing Price

% Change

3.5% Simonds Farsons Cisk plc Unsecured € 2027

106.000

0.05%

5% Mediterranean Investments Holding plc Unsecured € 2022

103.250

0.00%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

99.850

-0.02%

5.1% 1923 Investments plc Unsecured € 2024

103.530

-0.45%

5.75% International Hotel Investments plc Unsecured € 2025

104.700

-0.01%

4.5% Hili Properties plc Unsecured € 2025

104.500

0.11%

5.25% Central Business Centres plc Unsecured € 2025 S2T1

105.000

0.00%

4% MIDI plc Secured € 2026

103.240

1.21%

4% International Hotel Investments plc Secured € 2026

103.000

0.49%

3.75% Premier Capital plc Unsecured € 2026

102.500

0.00%

4% International Hotel Investments plc Unsecured € 2026

103.000

0.98%

4% Stivala Group Finance plc Secured € 2027

102.800

0.00%

3.75% Bortex Group Finance plc Unsecured € 2027

102.000

-0.62%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.000

-0.25%



Government Stock trades

 

 

Closing Price

% Change

5% MGS 2021(I)

117.150

-0.16%

4.3% MGS 2022 (II)

117.590

-0.43%

5.5% MGS 2023 (I)

127.400

-0.27%

2.3% MGS 2029 (II)

108.570

-0.63%

4.45% MGS 2032 (II)

133.880

-0.22%

4.1% MGS 2034 (I)

131.350

0.00%

2.5% MGS 2036 (I)

107.800

-0.19%

3% MGS 2040 (I)

115.130

-0.24%



This article, which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA and is a Member Firm of the Malta Stock Exchange. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email.

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