MSE Index flat on lower turnover

MSE Daily Trading Report, 27 September, 2019

The MSE Equity Total Return Index closed relatively unchanged at 9,976.174 as trading volume declined to 143,695 shares. A total of 25 transactions were executed. During the course of today’s trading session, 11 equities were active as five increased and one declined. On the other hand, a number of large cap equities including Bank of Valletta plc, GO plc, Malta International Airport plc and RS2 Software plc closed flat. Similarly, BMIT Technologies plc traded unchanged.

International Hotels Investments plc shares continued to lose ground on a single trade of 2,000 shares. The share price closed 1.69% lower at €0.87.

MIDI plc shares traded four times registering a total value of €35,582. As a result, the share price increased by 0.81% to reach the €0.62 price level. Elsewhere in the property sector, Trident Estates plc registered today’s highest gain of 3.93% to reach €1.85. One trade of 10,000 shares was executed.

This afternoon, the Board of Trident Estates plc announced that an Application for Authorisation for Admissibility to Listing to the Listing Authority has been made. Through such application, the company is requesting the approval of a prospectus in relation to the rights issue. The rights issue shall be offered to shareholders listed on the register of the Malta Stock Exchange as at October 4, 2019. If approved, shareholders shall be entitled to the subscription of two new ordinary shares for every five ordinary shares, or parts thereof – subject to rounding, at a  rights issue price of €1.25 per new ordinary share. If fully subscribed, the rights issue shall raise circa €15 million gross proceeds which will be used to partly  finance the Trident Park project development.

Following suit were Malita Investments plc and PG plc as both equities registered gains of 1.73% and 1.08% to end the session at €0.88 and €1.88 respectively. Closing in the same territory was Mapfre Middlesea plc as the company’s equity traded twice to boost the share price by 1.85% to close at €2.20.

In the corporate debt market, a total of 15 issues were traded. The majority of the negotiated issues advanced, while four issues decreased. The total traded value stood at €330,958 spread over 38 trades. The 5% Dizz Finance plc Unsecured € 2026 issue headed the list of gainers, closing 1.94% higher at €102.49.

In the sovereign debt market, 12 issues were traded, seven of which headed south, while the rest gained ground. In total, 30 trades were executed for a total turnover of €549,409. Today’s top gainer was once again the 2.1% Malta Government Stock 2039 which progressed by 1.62% to close at €127.23.

                                                                             

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV13,43515,680.3171.1700.00%
MMS2,5005,429.5222.2001.85%
GO7093,091.2414.3600.00%
IHI2,0001,740.0010.870-1.69%
MIA2561,894.4017.4000.00%
RS23,3006,273.7821.9100.00%
MDI57,45035,581.7540.6200.81%
MLT41,04536,124.8330.8801.73%
PG3,0005,640.0011.8801.08%
TRI10,00018,500.0011.8503.93%
BMIT10,0005,300.0020.5300.00%

The Corporate Bonds traded today were:

 Closing Price% Change
4.8% Bank of Valletta Plc Sub € 2020100.6100.06%
5.5% Pendergardens Developments plc Secured € 2020 Series I101.200-0.28%
3.65% GAP Group plc Secured € 2022102.0000.00%
6% Pendergardens Developments plc Secured € 2022 Series II110.0000.00%
6% Medserv plc Sec. & Grntd €  Notes 2020-2023 S1 T1100.8000.00%
5.1% 1923 Investments plc Unsecured € 2024101.100-0.08%
4.25% Best Deal Properties Holding plc Secured € 2024103.000-0.19%
5.75% International Hotel Investments plc Unsecured € 2025108.6001.88%
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026100.5000.00%
5% Dizz Finance plc Unsecured € 2026102.4901.94%
3.75% Premier Capital plc Unsecured € 2026103.9100.05%
4% International Hotel Investments plc Unsecured € 2026 FI102.9000.00%
3.75% Virtu Finance plc Unsecured € 2027104.6000.58%
4% International Hotel Investments plc Unsecured € 2026 FI103.000-0.48%
3.75% Virtu Finance plc Unsecured € 2027100.3000.03%
3.65% Stivala Group Finance plc Secured € 2029100.6100.06%
3.8% Hili Finance Company plc Unsecured € 2029101.200-0.28%

The Government Stocks traded today were:

 Closing Price% Change
5% MGS 2021(I)109.730-0.05%
5.1% MGS 2022(I)115.370-0.04%
2.3% MGS 2029 (II)121.3500.62%
5.1% MGS 2029 (I)148.720-0.23%
5.2% MGS 2031 (I)157.660-0.16%
4.65% MGS 2032 (I)154.000-0.18%
4.45% MGS 2032 (II)151.840-0.11%
4.3% MGS 2033 (I)152.5100.31%
2.5% MGS 2036 (I)131.950-0.04%
2.1% MGS 2039 (I)127.2301.62%
3% MGS 2040 (I)144.5000.17%
2.4% MGS 2041 (I)134.2400.62%

 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].