MSE Equity Index lower as large caps register further declines

MSE Daily Trading Report, 09 October, 2019

The MSE Equity Total Return Index lost a further 0.538% as it closed at 9,847.803 points.  Out of 12 active equities, three registered gains while another six lost ground. A total turnover of €365,537 was generated over 42 deals.

In the banking sector, two equities were active, both of which continued to decline. Bank of Valletta plc was down by 1.75% to €1.12 as nine deals involving 17,126 shares were executed. A total turnover of €19,388 was recorded.

Similarly, five deals involving 16,580 HSBC Bank Malta plc shares dragged its price 0.74% lower to €1.35. Total turnover stood at €22,510.

Three equities were active in the property sector, of which two headed north while another one closed in the opposite direction. Tigne Mall plc headed the list of gainers with a 1.10% rise to €0.92. A total turnover of €90,965 was generated as 100,000 shares changed hands over eight deals.

The largest decline in price of 2.26% was recorded by Malta Properties Company plc, as it closed at €0.65. Total turnover amounted to €73,184 as 111,750 shares changed ownership over three deals, registering the highest liquidity.

Three deals involving 43,200 MIDI plc share pushed its price 0.73% higher to €0.69, generating a total turnover of €29,808.

The telecommunications company, GO plc, managed to recoup 0.48% of its previous loss, as it went up to €4.22. Two deals involving 700 shares were executed. Meanwhile, its subsidiary, BMIT Technologies plc was active over two deals with a spread of 30,000 shares, but closed unchanged at €0.53.

Malta International Airport plc retracted into negative territory as it closed 1.32% lower at €7.50. This was the result of three deals involving 5,630 shares, to end the session with a €42,438 turnover.

On a similar note, International Hotel Investments plc traded 0.64% lower at €0.775 as 25,800 shares changed hands across three deals. Total turnover amounted to €20,057.

A sole deal of 9,062 RS2 Software plc shares dragged its price 0.52% lower to €1.91. This resulted into a total turnover of €17,308.

Elsewhere, Simonds Farsons Cisk plc and PG plc were both active but closed unchanged at €12.10 and €1.87, respectively.

In the corporate debt market, 28 issues were active, of which ten registered gains while another five lost ground. The 3.65% GAP Group plc Secured € 2022 registered the best performance as it closed 1.68% higher at €102.

In the sovereign debt market, out of 19 active issues, eight advanced while another ten traded lower. The 2.2% MGS 2035 (I) headed the list of gainers with a 0.64% change to €126.54.

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV17,12619,387.7791.120-1.75%
HSB16,58022,509.8051.350-0.74%
SFC5556,715.50112.1000.00%
GO7002,954.0024.2200.48%
IHI25,80020,057.2630.775-0.64%
MIA5,63042,438.0037.500-1.32%
RS29,06217,308.4211.910-0.52%
MDI43,20029,808.0030.6900.73%
TML100,00090,965.0080.9201.10%
MPC111,75073,183.5030.650-2.26%
PG13,00024,310.0021.8700.00%
BMIT30,00015,900.0020.5300.00%

The Corporate Bonds traded today were:

 Closing Price% Change
7.5% MeDirect Bank plc Subordinated EUR 2019100.0000.00%
4.8% Bank of Valletta Plc Sub € 2020100.6100.00%
5.5% Pendergardens Developments plc Secured € 2020 Series I101.2000.00%
5.75% Central Business Centres plc Unsecured € 2021 S1T1102.7500.00%
3.65% GAP Group plc Secured € 2022102.0001.68%
5% Mediterranean Investments Holding plc Unsecured € 2022100.5100.50%
6% Pendergardens Developments plc Secured € 2022 Series II110.0000.00%
6% Medserv plc Sec. & Grntd €  Notes 2020-2023 S1 T1101.2000.00%
6% AX Investments Plc € 2024112.0000.00%
6% International Hotel Investments plc € 2024107.000-1.37%
5.3% Mariner Finance plc Unsecured € 2024109.0000.00%
5.1% 1923 Investments plc Unsecured € 2024101.150-0.74%
5.75% International Hotel Investments plc Unsecured € 2025106.2600.01%
5.1% 6PM Holdings plc Unsecured € 2025101.0000.00%
4.5% Hili Properties plc Unsecured € 2025104.0000.43%
4.5% Medserv plc Unsecured € 2026100.990-0.01%
4.35% Hudson Malta plc Unsecured € 2026104.500-0.04%
4.25% Corinthia Finance plc Unsecured € 2026103.550-0.38%
4% International Hotel Investments plc Secured € 2026105.0000.00%
5% Dizz Finance plc Unsecured € 2026101.9900.98%
3.75% Premier Capital plc Unsecured € 2026104.3100.30%
4% International Hotel Investments plc Unsecured € 2026102.0000.00%
4% International Hotel Investments plc Unsecured € 2026 FI102.5100.01%
4% Eden Finance plc Unsecured € 2027107.0001.57%
3.85% Hili Finance Company plc Unsecured € 2028101.5000.49%
3.75% TUM Finance plc Secured € 2029104.2500.48%
3.65% Stivala Group Finance plc Secured € 2029103.0000.00%
3.8% Hili Finance Company plc Unsecured € 2029100.0000.00%

The Government Stocks traded today were:

 Closing Price% Change
4.6% MGS 2020 (II)102.630-0.02%
5.2% MGS 2020 (I)103.640-0.06%
4.3% MGS 2022 (II)111.820-0.02%
5.1% MGS 2022(I)115.2700.10%
5.5% MGS 2023 (I)121.520-0.03%
4.8% MGS 2028 (I)141.6500.10%
4.5% MGS 2028 (II)139.5400.00%
2.3% MGS 2029 (II)120.3700.20%
5.25% MGS 2030 (I)153.2900.18%
5.2% MGS 2031 (I)157.690-0.12%
4.65% MGS 2032 (I)154.070-0.32%
4.45% MGS 2032 (II)151.930-0.32%
4.3% MGS 2033 (I)152.130-0.49%
4.1% MGS 2034 (I)152.9900.19%
2.2% MGS 2035 (I)126.5400.64%
2.5% MGS 2036 (I)131.800-0.55%
2.1% MGS 2039 (I)127.0300.02%
3% MGS 2040 (I)144.760-0.50%
2.4% MGS 2041 (I)133.9500.45%

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].