Trident continues on its positive trend as MSE index posts marginal gains

MSE Daily Trading Report, February 08, 2018

The MSE Equity Total Return Index climbed by a minimal 0.046% to finish trading at 8,613.912 points. In the equities market, a turnover of €430,840 was generated over 49 transactions. A total of 12 equities were active, as headers narrowly outnumbered fallers five to four.

All four equities in the banking industry were active, but only HSBC Bank Malta plc registered a price movement. The equity close 1.11% higher at €1.82 after a single deal of 1,640 shares. Bank of Valletta plc was the most liquid security, generating a turnover of €202,578 but its share price closed unchanged at €1.82. Lombard Bank Malta plc and Fimbank plc also closed unchanged after despite registering one deal each.

Trident Estates plccontinued with its impressive start to trading as it was once again the best performer of the day, gaining another 5.56% to reach the €1.80 price level. The equity was traded rather heavily as 30,100 shares were exchanged across eight trades.

GO plc was also traded on heavy volumes generating a turnover of €72,608.50 over five deals. The result was a more modest gain of 0.56% to close at €3.56.

The gain recorded in the previous session by RS2 Software plc proved unsustainable as it surrendered most of these gains by drifting 2.86% lower today, retracting to a price of €1.33. A total of nine deals generated a considerable turnover of €43,331.

Malta International Airport plc issued an announcement yesterday, stating that it has started 2018 with an upswing of 16.7% in passenger numbers during the first month of the year. A number of route developments and increased flight frequencies during the winter season contributed to a 15.2% increase in aircraft movements and 16.8% increase in seat capacity. Seat load factor however, decreased by a marginal 1.1 percentage points during the previous month. In spite of this positive announcement, the share price declined by 2.04% to close at €4.80. Trading volumes amounted to 3,000 shares across three deals.

In the property sector, three equities registered a single deal each. MIDI plc posted gains of 2.86% to reach €0.36 over 10,000 shares. The share prices of Malita Investments plc and Malta Properties Company plc moved in the opposite direction as they posted losses of 1.19% and 1.96% respectively.

PG plc gained 1.46% to close at €1.39, the outcome of a single deal of jst 150 shares.

The sovereign debt market registered a marginally negative performance as five out of the 10 active issues registered a fall in price, while three appreciated. Topping the list of fallers was the short dated 7.8% MGS 2018 which saw its price retreat by 0.30%. Conversely, the 5.25% MGS 2030 moved upwards by a minimal 0.06%.

In the corporate debt market, 23 issues were traded as seven issues experienced a downward movement and nine traded in positive territory. The strongest performance was that of the 5.5% Pendergardens Developments plc Secured € 2020 Series I which climbed by 0.72%. On the other hand, the 5% Hal Mann Vella Group plc Secured Bonds € 2024 moved by 1.39% in the opposite direction.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

111,206

202,577.81

17

1.820

0.00%

HSB

1,640

2,984.80

1

1.820

1.11%

LOM

10,000

23,000.00

1

2.300

0.00%

GO

20,475

72,608.50

5

3.560

0.56%

FIM

10,799

5,514.16

1

0.630

0.00%

MIA

3,000

14,560.00

3

4.800

-2.04%

RS2

32,226

43,331.10

9

1.330

-2.21%

MDI

10,000

3,600.00

1

0.360

2.86%

MLT

6,000

4,980.00

1

0.830

-1.19%

MPC

1,100

550.00

1

0.500

-1.96%

PG

150

208.50

1

1.390

1.46%

TRI

30,100

56,925.00

8

1.900

5.56%



The Corporate bonds traded today were:

 

Closing Price

% Change

5.5% Pendergardens Developments plc Secured € 2020 Series I

105.000

0.72%

5.8% International Hotel Investments plc 2021

105.600

0.00%

5% Mediterranean Investments Holding plc Unsecured € 2022

103.200

-0.05%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

99.500

0.00%

5% Tumas Investments plc Unsecured € 2024

106.060

0.01%

5% Hal Mann Vella Group plc Secured Bonds € 2024

105.510

-1.39%

5.1% 1923 Investments plc Unsecured € 2024

103.510

-0.01%

5.75% International Hotel Investments plc Unsecured € 2025

108.000

-0.73%

4.5% Hili Properties plc Unsecured € 2025

105.000

0.24%

5.25% Central Business Centres plc Unsecured € 2025 S2T1

105.010

0.00%

5.75% Medserv plc Unsecured USD 2026

103.510

0.01%

4% MIDI plc Secured € 2026

104.500

0.48%

4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026

104.500

0.00%

3.75% Premier Capital plc Unsecured € 2026

103.500

-0.10%

4.35% SD Finance plc Unsecured € 2027

104.000

0.00%

4% Eden Finance plc Unsecured € 2027

104.750

-0.24%

3.75% Tumas Investments plc Unsecured € 2027

104.000

-0.48%

4.5% Grand Harbour Marina plc Unsecured € 2027

106.500

0.00%

5% MeDirect Bank Plc Subordinated Unsecured € 2022-2027

104.250

0.01%

4% Stivala Group Finance plc Secured € 2027

103.750

0.00%

3.75% Virtu Finance plc Unsecured € 2027

103.250

0.24%

3.75% Bortex Group Finance plc Unsecured € 2027

102.900

0.01%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.010

0.01%



The Government Stocks traded today were:

 

Closing Price

% Change

7.8% MGS 2018

103.270

-0.30%

5% MGS 2021(I)

116.640

-0.09%

4.8% MGS 2028 (I)

132.990

-0.08%

5.25% MGS 2030 (I)

140.850

0.06%

5.2% MGS 2031 (I)

142.040

-0.02%

4.45% MGS 2032 (II)

133.460

0.03%

4.1% MGS 2034 (I)

131.650

-0.05%

2.1% MGS 2039 (I)

102.000

0.00%

3% MGS 2040 (I)

117.000

0.00%

2.4% MGS 2041 (I)

106.010

0.01%



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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