MSE Index closes lower as MIA & IHI decline

MSE Daily Trading Report, 02 October, 2019

The MSE Equity Total Return Index closed 0.83% lower at 9,873.263 points as 14 equities were active over 57 deals.  Only one headed north while another seven closed in the red. A total turnover of €194,297 was generated.

In the banking sector, all three equities closed unchanged yet again. Bank of Valletta plc was active over 15 deals involving 31,622 shares, but closed at €1.17 after touching a low of €1.15. Total turnover stood at €36,753.

Similarly, HSBC Bank Malta plc traded seven times as 6,205 shares changed ownership to end the session with a total turnover of €8,859. Its previous closing price of €1.43 was not impacted.

Two deals involving 5,454 Lombard Bank Malta plc shares did not change its last traded price of €2.60. A total turnover of €12,326 was generated.

The only gainer was in the property sector, as MIDI plc closed 1.49% higher at €0.68. Two deals involving 4,000 shares generated a total turnover of €2,701. Malta Properties Company plc was active over one deal of 1,828 shares but closed unchanged at €0.685.

Grand Harbour Marina plc recorded the largest fall in price of 8.96% to €0.61. A sole deal of 2,300 shares was executed, ending the session with a total turnover of €1,403.

Following suit, International Hotel Investments plc was down to €0.775, translating into a 4.32% decline. A total turnover of €34,420 was generated as 43,407 shares changed ownership over seven deals. Throughout the session the equity also traded at a daily high of €0.815.

Five deals involving 1,791 Malta International Airport plc shares dragged its price lower by 2.03% to €7.25. Total turnover amounted to €13,018.

Mapfre Middlesea plc closed 1.82% lower at €2.16 as 3,662 shares changed hands across two deals. A total turnover of €7,938 was recorded.

The telecommunications company, GO plc, closed at €4.32, translating into a 0.46% fall in price. Three deals involving 5,950 shares generated a total turnover of €25,704. Similarly, its subsidiary, BMIT Technologies plc registered a 0.93% decline to €0.53 as 18,000 shares traded over three deals. Total turnover stood at €9,540.

PG plc also closed in the red as it closed 0.53% lower at €1.86. Total turnover of €23,309 was generated as six transactions involving 12,500 shares were executed.

Elsewhere, Simonds Farsons Cisk plc and RS2 Software plc were both active but closed unchanged at €11.10 and €1.91, respectively.

In the corporate debt market, 21 issues were active, of which four registered gains while another six closed in negative territory. The 5.8% International Hotel Investments plc 2023 headed the list of gainers as it closed 1.40% higher at €108.50.

In the sovereign debt market, out of 15 active issues, nine headed north while another five declined. The best performer was the 3% MGS 2040 (I) as it closed at €144.10.


The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change

The Corporate Bonds traded today were:

 Closing Price% Change
7.5% MeDirect Bank plc Subordinated EUR 2019100.000-0.60%
5.5% Pendergardens Developments plc Secured € 2020 Series I101.2000.00%
3.65% GAP Group plc Secured € 2022102.0000.00%
4.25% GAP Group plc Secured € 2023103.6000.00%
5.8% International Hotel Investments plc 2023108.5001.40%
6% AX Investments Plc € 2024114.8500.00%
6% International Hotel Investments plc € 2024106.0000.00%
5.1% 1923 Investments plc Unsecured € 2024101.900-0.10%
4.5% Medserv plc Unsecured € 2026101.0001.00%
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026100.6000.10%
4% MIDI plc Secured € 2026103.5000.00%
4% International Hotel Investments plc Secured € 2026104.0000.00%
4% Merkanti Holding plc Secured € 2026102.0000.00%
5% Dizz Finance plc Unsecured € 2026101.950-0.54%
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026102.300-0.87%
3.75% Premier Capital plc Unsecured € 2026103.900-0.01%
3.85% Hili Finance Company plc Unsecured € 2028101.0000.00%
3.75% TUM Finance plc Secured € 2029103.750-0.24%
3.8% Hili Finance Company plc Unsecured € 2029100.2900.00%
3.5% Bank of Valletta plc € Notes 2030 S1 T1101.0000.02%
3.5% Bank of Valletta plc € Notes 2030 S2 T1100.0000.00%

The Government Stocks traded today were:

Closing Price% Change
5.2% MGS 2020 (I)103.750-0.01%
5% MGS 2021(I)109.6700.02%
4.3% MGS 2022 (II)111.900-0.04%
5.1% MGS 2022(I)115.3300.07%
4.8% MGS 2028 (I)141.5100.05%
4.5% MGS 2028 (II)139.1700.00%
5.1% MGS 2029 (I)148.190-0.16%
5.25% MGS 2030 (I)152.6500.09%
5.2% MGS 2031 (I)157.0300.16%
4.65% MGS 2032 (I)153.3600.20%
4.45% MGS 2032 (II)151.210-0.41%
4.3% MGS 2033 (I)151.5000.05%
4.1% MGS 2034 (I)152.0800.29%
3% MGS 2040 (I)144.1000.45%
2.4% MGS 2041 (I)133.250-0.19%

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].