MSE Index continues in positive territory

MSE Daily Trading Report, February 7, 2018

The MSE Total Return Index continued to trade in positive territory as it gained another 0.316% to close at 8,929.94 points. A total of nine equities were active, five of which headed north while another three drifted lower. Total turnover in the equities market amounted to €382,653 over 35 transactions.

The best performer of the session was PG plc, as it closed 3.05% higher at €1.35. The equity was also the most liquid as 98,114 shares changed hands over six deals.

Malta International Airport plc followed suit with a 2.36% increase in value to reach €6.50. The equity was also traded heavily as a turnover of €130,152.10 was generated over 12 trades.

In the banking industry, HSBC Bank Malta plc advanced 0.57% to €1.76. A total of 13,813 shares changed hands throughout the session across six transactions.

Its peer, Bank of Valletta plc closed unchanged at €1.28 across three deals of 6,000 shares.

Telecommunications company, GO plc lost 0.47% in value to settle at €4.28. In total, 2700 shares traded over two trades.

Its subsidiary, BMIT Techonologies plc announced that the Initial Public Offering of 49% of GO’s shareholding in the company has been oversubscribed. A total amount of 51,295,600 shares were applied for by preferred applicants and the general public, however only 20,500,000 shares were available to these applicants. Preferred Applicants are being allocated the first 10,000 Shares in full and 13.688% on the remaining amount rounded down to the nearest 100 Shares. Applications received from the general public are being allocated the first 5,000 in full and 6.11% on the remaining amount rounded down to the nearest 100 Shares. Shares are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 15 February 2019, whereas trading is expected to commence as from 18 February 2019.

In the Sovereign bond market, 12 issues were active, as seven issues traded lower while five gained ground. The shorter dated issues generally underperformed, particularly the 6.6% MGS 2019, which lost 0.35% in value to €103.74. On the other hand, the 4.45% MGS 2032 closed 0.7% higher at €135.94.

In the corporate debt market, activity was spread across 21 issues, as gainers  amounted to nine and fallers tallied to three. A single trade of €9,000 nominal 5.1% 1923 Investments plc Unsecured € 2024 pushed the price 1.85% higher, to close at €104.40. At the other end of the spectrum, a sole deal of €5,100 nominal 6% International Hotel Investments plc € 2024 shaved 2.98% off the bond price, to €107.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

6,000

7,660.00

3

1.280

0.00%

HSB

13,813

24,163.65

6

1.760

0.57%

GO

2,700

11,596.00

2

4.280

-0.47%

IHI

17,745

10,824.45

1

0.610

-1.61%

PZC

48,500

48,500.00

2

1.000

-2.91%

MIA

20,142

130,152.10

12

6.500

2.36%

RS2

11,100

16,428.00

2

1.480

0.68%

MPC

700

367.50

1

0.525

1.94%

PG

98,114

132,961.18

6

1.350

3.05%



The Corporate Bonds traded today were:

 

Closing Price

% Change

5.35% Bank of Valletta plc Sub € 2019

100.000

0.00%

5% GlobalCapital plc Unsecured € 2021

100.000

1.26%

5% Mediterranean Investments Holding plc Unsecured € 2022

104.000

0.97%

6% Pendergardens Developments plc Secured € 2022 Series II

110.500

0.00%

6% International Hotel Investments plc € 2024

107.000

-2.98%

5.3% Mariner Finance plc Unsecured € 2024

110.740

0.00%

5% Hal Mann Vella Group plc Secured € 2024

106.900

-1.01%

5.1% 1923 Investments plc Unsecured € 2024

104.400

1.85%

4.25% Best Deal Properties Holding plc Secured € 2024

104.000

0.97%

5.1% 6PM Holdings plc Unsecured € 2025

102.500

0.00%

5.75% Medserv plc Unsecured USD 2026

100.000

0.00%

4.25% Corinthia Finance plc Unsecured € 2026

104.000

0.97%

5% Dizz Finance plc Unsecured € 2026

105.500

0.00%

4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026

102.500

0.00%

3.75% Premier Capital plc Unsecured € 2026

104.000

0.00%

4.35% SD Finance plc Unsecured € 2027

105.240

0.23%

4.5% Grand Harbour Marina plc Unsecured € 2027

104.750

0.19%

4% Stivala Group Finance plc Secured € 2027

105.000

0.77%

4.85% Melite Finance plc Secured € 2028

105.750

-0.14%

4.15% PHoenicia Finance Company plc Unsecured € 2023-2028

104.100

0.10%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.000

0.00%



The Government Stocks traded today were:

 

Closing Price

% Change

6.6% MGS 2019

103.740

-0.35%

4.6% MGS 2020 (II)

105.610

-0.17%

5% MGS 2021(I)

112.390

-0.04%

4.3% MGS 2022 (II)

113.620

-0.16%

4.5% MGS 2028 (II)

130.620

-0.09%

2.3% MGS 2029 (II)

110.360

-0.09%

5.2% MGS 2031 (I)

143.320

0.22%

4.65% MGS 2032 (I)

138.200

0.14%

4.45% MGS 2032 (II)

135.940

0.70%

2.2% MGS 2035 (I)

107.230

0.21%

2.5% MGS 2036 (I)

111.290

-0.22%

2.1% MGS 2039 (I)

104.300

0.05%



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 info@jesmondmizzi.com.

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