Local Equities Gain on Improved Turnover

MSE Daily Trading Report, 7 October, 2019

The MSE Equity Total Return Index increased for the third consecutive day as it added 0.221% to close the session at  9,937.727 points. A total 17 equities were active, of which seven gained ground, while six closed in the red. A total turnover of €553,063 was generated across 68 transactions.

Simonds Farsons Cisk plc shares reached a new all-time high of €11.50 – adding 3.6% to its share price. A total turnover of €70,345 was generated over three deals.

On similar turnover, MIDI plc shares registered the largest advancement during the session as the equity closed 3.76% higher at €0.69.

In the banking sector, HSBC Bank Malta plc, Lombard Bank Malta plc (Lombard), and FIMBank plc  all headed into positive territory closing the session at €1.41, €2.28 and $0.63 respectively. Lombard shares gained on improving volumes as five deals worth €126,243 were executed. Bank of Valletta plc closed the session 0.43% lower at €1.155.

Telecommunications firm GO plc shares, closed off the session in the red by 2.73% at €4.28. BMIT Technologies plc lost 2.83% as five deals worth €7,174 were recorded. Malta Properties Company plc shares also closed in negative territory with a 2.92% drop to finish a €0.665.

Insurance firm, Mapfre Middlesea plc shares were up by 1.85% to close the session at €2.20. A total turnover of €12,986 was generated between two deals.

International Hotel Investments plc shares gained 0.64% to close at €0.785 on thin trading.

A single deal of 4,800 shares in Grand Harbour Marina plc was enough to drag the equity’s price 7.58% lower. The share price of the marina operator closed at €0.61 on insignificant volumes.

Tigne Mall plc shares also closed the session in negative territory as the equity registered a loss of 2.66% at €0.915. A total turnover of €19,767 was registered between four deals.

Elsewhere, Plaza Centres plc, Malta International Airport plc, RS2 Software plc, and Malita Investments plc were all active but closed flat. 

In the corporate debt market, 16 issues were active, of which gainers ammounted to five, while six lost ground. The worst performer was the 4% International Hotel Investments plc Secured 2026 which closed 0.96% lower at €103.

In the sovereign debt market yields were higher as bond prices were revised lower. The long-dated 2.4% MGS 2041 declined by 0.49% and is now yielding 70 basis point.

                                                           

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV8,4479,772.5761.155-0.43%
HSB6,9299,623.9961.4100.71%
LOM55,798126,243.4852.2800.88%
MMS5,90312,986.6022.2001.85%
SFC6,11770,345.50311.5003.60%
GO2,3009,844.0024.280-2.73%
IHI9,3987,422.4330.7850.64%
PZC10,40010,608.0021.0200.00%
FIM60,00034,429.3730.6301.61%
MIA4,85936,442.5027.5000.00%
GHM4,8002,928.0010.610-7.58%
RS233,40364,219.0381.9200.00%
MDI101,75069,990.2550.6903.76%
MLT60,26053,342.7080.8950.00%
TML21,50019,767.5040.915-2.66%
MPC11,6667,922.8930.665-2.92%
BMIT13,8017,174.6950.515-2.83%

 

The Corporate Bonds traded today were:

 Closing Price% Change
7.5% MeDirect Bank plc Subordinated EUR 2019100.0000.00%
6% Mediterranean Investments Holding plc Euro 2021102.5002.30%
4.9% Gasan Finance Company plc € 2019-2021100.0000.00%
4.25% Best Deal Properties Holding plc Secured € 2024102.510-0.48%
5.1% 6PM Holdings plc Unsecured € 2025101.0000.00%
4.5% Hili Properties plc Unsecured € 2025103.5500.53%
5.25% Central Business Centres plc Unsecured € 2025 S2T1103.500-0.48%
4% International Hotel Investments plc Secured € 2026103.000-0.96%
5% Dizz Finance plc Unsecured € 2026100.510-0.53%
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026102.3000.00%
3.75% Premier Capital plc Unsecured € 2026104.0000.10%
4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1102.0100.01%
3.85% Hili Finance Company plc Unsecured € 2028101.0100.01%
4% SP Finance plc Secured EUR Bonds 2029102.1000.00%
3.65% Stivala Group Finance plc Secured € 2029103.000-0.48%
3.8% Hili Finance Company plc Unsecured € 2029100.000-0.20%

The Government Stocks traded today were:

Closing Price% Change
5% MGS 2021(I)109.6600.02%
3.3% MGS 2024 (I)118.000-0.04%
4.5% MGS 2028 (II)139.540-0.08%
2.3% MGS 2029 (II)120.540-0.09%
5.2% MGS 2031 (I)158.000-0.09%
4.3% MGS 2033 (I)153.020-0.10%
4.1% MGS 2034 (I)153.450-0.08%
2.5% MGS 2036 (I)132.7200.29%
2.1% MGS 2039 (I)127.180-0.64%
3% MGS 2040 (I)145.200-0.21%
2.4% MGS 2041 (I)134.340-0.49%

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].