MSE Daily Trading Report, 16 September, 2019

The MSE Equity Total Return Index registered a fall of 0.347% today, closing at 9,873.202 points. Trading was spread over eight equities, of which, three lost ground while only one posted a gain. A total turnover of €140,075 was generated across 27 trades.

The only positive mover was Bank of Valletta plc, as it posted a modest gain of 0.88%, to return to the previous week’s intra-week high of €1.15. Traded volume amounted to 10,285 shares over three transactions.

Its peer, HSBC Bank Malta plc recorded a sharp decline in price as a single transaction of 2,470 shares was executed 3.4% lower than the previous closing price. The resultant price of €1.42 was the lowest closing price since 2004.

Telecommunications conglomerate, GO plc traded flat at €4.36 over one deal of just 114 shares.

Similarly, a sole deal of 380 RS2 Software plc shares, had no impact on the share price of €1.90.

The worst performer of the session was Trident Estates plc, as its share price dropped 4.86% to close at €1.76. This was the outcome of five deals of a combined 11,055 shares.

Also in the property sector, Tigne Mall plc closed unchanged at €1.90, despite two trades of a combined 14,675 shares.

Similarly, Malta Properties Company plc registered just one deal of 3,000 shares, executed at an unchanged price of €0.70.

The most liquid equity was BMIT Technologies plc, as €88,577 worth of shares traded over 13 transactions. The result was a 1.89% decline in price to €0.52.

In the corporate debt market, 17 issues were active, eight of which lost ground while another five headed north. Turnover in the market amounted to €363,327, generated over 36 deals. The 4.25% Best Deal Properties Holding plc Secured € 2024 was on top of the list of gainers with a 1.22% price increase to €104. At the other end of the spectrum, the 4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1 was down 4.29% to €100.50.

The sovereign debt market registered mixed performances as from the 12 active securities, six posted falls while five advanced. The worst performer was the 2.5% MGS 2036 (I), as it drifted 1.14% lower to €128.80. On the other hand, the 2.1% MGS 2039 (I) was up 0.16% to close at €124.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	10,285	11,801.90	3	1.150	0.88%
HSB	2,470	3,507.40	1	1.420	-3.40%
GO	114	497.04	1	4.360	0.00%
RS2	380	722.00	1	1.900	0.00%
TML	14,675	13,257.50	2	0.900	0.00%
MPC	3,000	2,100.00	1	0.700	0.00%
TRI	11,055	19,611.80	5	1.760	-4.86%
BMIT	170,100	88,577.00	13	0.520	-1.89%

The Corporate Bonds traded today were:

	Closing Price	% Change
5.5% Pendergardens Developments plc Secured € 2020 Series I	101.480	-0.01%
5% Mediterranean Investments Holding plc Unsecured € 2022	102.000	-0.49%
6% Pendergardens Developments plc Secured € 2022 Series II	110.000	0.00%
6% International Hotel Investments plc € 2024	108.000	0.02%
5.3% Mariner Finance plc Unsecured € 2024	109.000	0.00%
5.1% 1923 Investments plc Unsecured € 2024	101.150	-0.84%
4.25% Best Deal Properties Holding plc Secured € 2024	104.000	1.22%
4% Merkanti Holding plc Secured € 2026	101.820	0.31%
3.75% Mercury Projects Finance plc Secured € 2027	102.500	0.00%
4.35% SD Finance plc Unsecured € 2027	105.000	0.48%
4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1	100.500	-4.29%
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028	104.200	-0.05%
4% SP Finance plc Secured EUR Bonds 2029	101.500	-0.49%
3.75% TUM Finance plc Secured € 2029	103.250	-0.62%
3.65% Stivala Group Finance plc Secured € 2029	103.000	0.00%
3.8% Hili Finance Company plc Unsecured € 2029	100.990	0.99%
3.5% Bank of Valletta plc € Notes 2030 S1 T1	100.030	-1.50%

The Government Stocks traded today were:

	Closing Price	% Change
5.2% MGS 2020 (I)	103.990	-0.12%
2% MGS 2020 (V)	102.200	-0.27%
4.5% MGS 2028 (II)	139.370	0.13%
2.3% MGS 2029 (II)	120.170	0.09%
5.1% MGS 2029 (I)	147.710	-0.19%
5.25% MGS 2030 (I)	152.370	0.05%
5.2% MGS 2031 (I)	156.000	-0.57%
4.65% MGS 2032 (I)	152.400	0.00%
4.45% MGS 2032 (II)	149.720	-0.67%
2.5% MGS 2036 (I)	128.800	-1.14%
2.1% MGS 2039 (I)	124.000	0.16%
3% MGS 2040 (I)	142.000	0.04%

 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].