MSE Index recovers as MIA heads north

MSE Daily Trading Report, 11 September, 2019

The MSE Equity Total Return Index managed to recoup yesterday’s fall as it closed 0.426% higher at 9,861.599 points. As 13 equities were active, five registered gains while one closed in the red. A total turnover of €291,728 was generated across 48 deals.

One of the main drivers for today’s positive performance was Malta International Airport plc as it closed 1.35% higher at €7.50. Eight deals involving 10,210 shares were executed, generating a total turnover of €76,570.

In the banking sector, Bank of Valletta plc was active as it traded six times over 20,331 shares. It recorded a total turnover of €23,177 but its previous closing price of €1.14 was not impacted.

On the other hand, Lombard Bank Malta plc was down by 0.9% to €2.20, as a single deal of 4,000 shares was executed. Total turnover stood at €8,800.

Three equities were active in the property sector, of which one headed north while the rest closed unchanged. Malita Investments plc headed the list of gainers as three deals involving 11,500 pushed its price by 3.47% to €0.895. A total turnover of €9,951 was recorded.

Meanwhile, one trade for both MIDI plc and Malta Properties Company plc did not affect their price of €0.61 and €0.68, respectively.

Medserv plc also enjoyed a positive session with a 2.50% change in price to €1.23. A total turnover of €30,248 was generated as 25,100 shares changed hands across seven deals.

Four deals involving 2,212 Simonds Farsons Cisk plc shares impacted its price with a positive 1.94% change to €10.50. Total turnover amounted to €23,186.

The telecommunications company, GO plc, closed 0.91% higher at €4.42. Two deals involving 1,100 shares generated a total turnover of €4,822. Meanwhile, its subsidiary, BMIT Technologies plc, traded twice but closed unchanged at €0.53.

Elsewhere, International Hotel Investments plc and Plaza Centres plc  were all active on relatively slim volumes but closed unchanged at €0.805 and €1.03 respectively.

Similarly, RS2 Software plc closed unchanged at €1.90, despite ten transactions of 52,000 shares.

In the corporate debt market, out of 20 active issues, eight advanced while seven closed in the red. The best performer was the 6% AX Investments Plc € 2024 as it closed 1.79% higher at €114.

The sovereign debt market registered another negative performance as out of 16 active issues, two registered gains while the rest ended the session in negative territory. The best performance recorded was a 0.03% price increase by the 2.5% MGS 2036 (I), as it closed at €129.04. On the other hand, the 2.1% MGS 2039 (I) registered the highest fall in price of 0.40%, ending the session at €123.50.

 

The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
BOV 20,331 23,177.34 6 1.140 0.00%
LOM 4,000 8,800.00 1 2.200 -0.90%
SFC 2,212 23,186.30 4 10.500 1.94%
GO 1,100 4,822.00 2 4.420 0.91%
IHI 2,000 1,593.61 2 0.805 0.00%
PZC 7,660 7,889.80 1 1.030 0.00%
MIA 10,210 76,570.00 8 7.500 1.35%
MDS 25,100 30,247.61 7 1.230 2.50%
RS2 52,000 98,800.00 10 1.900 0.00%
MDI 5,000 3,050.00 1 0.610 0.00%
MLT 11,500 9,950.97 3 0.895 3.47%
MPC 1,000 680.00 1 0.680 0.00%
BMIT 5,585 2,960.05 2 0.530 0.00%

The Corporate Bonds traded today were:

  Closing Price % Change
4.8% Bank of Valletta Plc Sub € 2020 100.500 -0.50%
5.5% Mediterranean Investments Holding plc Unsecured € 2020 101.500 1.50%
6% Mediterranean Investments Holding plc Euro 2021 100.200 -2.72%
5% Mediterranean Investments Holding plc Unsecured € 2022 102.500 -0.39%
6% Pendergardens Developments plc Secured € 2022 Series II 110.000 0.00%
6% AX Investments Plc € 2024 114.000 1.79%
5.3% Mariner Finance plc Unsecured € 2024 109.000 0.65%
6% MeDirect Bank plc Subordinated Unsecured € 2019-2024 100.300 0.05%
5.1% 1923 Investments plc Unsecured € 2024 103.360 -0.02%
4.5% Medserv plc Unsecured € 2026 101.000 1.00%
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026 100.280 0.01%
4% MIDI plc Secured € 2026 105.000 0.00%
4% International Hotel Investments plc Secured € 2026 103.000 0.49%
4% Merkanti Holding plc Secured € 2026 101.820 -0.03%
5% Dizz Finance plc Unsecured € 2026 102.500 0.00%
4% International Hotel Investments plc Unsecured € 2026 102.300 -0.44%
4% International Hotel Investments plc Unsecured € 2026 FI 102.890 -0.01%
4% SP Finance plc Secured EUR Bonds 2029 102.000 0.00%
3.65% Stivala Group Finance plc Secured € 2029 102.540 0.03%
4.25% Mercury Projects Finance plc Secured € 2031 104.850 0.00%

The Government Stocks traded today were:

  Closing Price % Change
4.6% MGS 2020 (II) 103.020 0.02%
5% MGS 2021(I) 109.910 -0.04%
5.1% MGS 2022(I) 115.520 -0.04%
5.5% MGS 2023 (I) 121.750 -0.06%
4.5% MGS 2028 (II) 139.450 -0.04%
2.3% MGS 2029 (II) 120.270 -0.25%
5.1% MGS 2029 (I) 148.250 -0.08%
5.25% MGS 2030 (I) 152.540 -0.16%
5.2% MGS 2031 (I) 156.430 -0.33%
4.65% MGS 2032 (I) 152.400 -0.38%
4.45% MGS 2032 (II) 150.210 -0.21%
4.3% MGS 2033 (I) 150.380 -0.28%
2.5% MGS 2036 (I) 129.040 0.03%
2.1% MGS 2039 (I) 123.500 -0.40%
3% MGS 2040 (I) 141.680 -0.27%
2.4% MGS 2041 (I) 130.800 -0.30%

 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 [email protected].