MSE Index declines further

MSE Daily Trading Report, 20 November, 2019

The MSE Equity Total Return Index registered a further 0.425% decline, to close at 9,770.805 points. Seven equities were active, of which gainers and losers tallied to three a-piece. A total turnover of €62,708 was generated over 16 deals.

International Hotel Investments plc was the main equity which dragged the index lower. Three deals involving 5,246 shares, dragged the price 5.29% downwards to €0.805. A total turnover of €4,214 was recorded.

In the banking sector, Bank of Valletta plc drifted 0.90% lower to €1.10, despite reaching €1.11 during the day. This was the result of four deals involving 9,100 shares, which generated a total turnover of €10,024.

On the other hand, its peer, HSBC Bank Malta plc, registered the best performance with a 1.57% rise in price, as it closed at €1.29. A total turnover of €3,855 was generated as 3,000 shares changed ownership over two transactions.

Similarly, Malta International Airport plc was up by 0.69%, to €7.25, as the equity traded three times on slim volume. Total turnover amounted to €4,785.

A sole deal of 2,000 GO plc pushed the price 0.48% higher to €4.22, recouping part of its previous day’s loss. Total turnover stood at €8,440. Meanwhile, its subsidiary, BMIT Technologies plc, was active on two occasions over 26,000 shares, but closed unchanged at €0.515. A total turnover of €13,390 was generated.

One equity was active in the property sector as Malita Investments plc ended the session 1.10% lower, at €0.90. This was the outcome of a single deal of 20,000 shares worth €18,000.

In the corporate debt market, 22 issues were active, of which eight headed north while another seven lost ground. The 4% Stivala Group Finance plc Secured € 2027 headed the list of gainers with a 2.45% increase, to close at €103.58. On the other hand, the 3.75% Tumas Investments plc Unsecured € 2027 registered the largest price decline of 6.54%, as it closed at par. Such decline came as a result of various media reports following Mr Yorgen Fenech’s arrest and resignation from the directorship of the company.

In the sovereign debt market, out of 14 active issues, nine registered gains while another four traded lower. The best performer was the 2.1% MGS 2039 (I), as it closed 0.81% higher at €125.

The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
BOV 9,100 10,023.96 4 1.100 -0.90%
HSB 3,000 3,855.17 2 1.290 1.57%
GO 2,000 8,440.00 1 4.220 0.48%
IHI 5,246 4,213.75 3 0.805 -5.29%
MIA 660 4,785.00 3 7.250 0.69%
MLT 20,000 18,000.00 1 0.900 -1.10%
BMIT 26,000 13,390.00 2 0.515 0.00%

The Corporate Bonds traded today were:

  Closing Price % Change
3.65% GAP Group plc Secured € 2022 102.000 0.00%
4.25% GAP Group plc Secured € 2023 102.500 0.00%
6% AX Investments Plc € 2024 112.020 0.00%
5% Tumas Investments plc Unsecured € 2024 107.300 0.00%
5% Hal Mann Vella Group plc Secured € 2024 107.000 1.23%
5.1% 1923 Investments plc Unsecured € 2024 101.820 0.32%
4.25% Best Deal Properties Holding plc Secured € 2024 100.320 -1.65%
4% MIDI plc Secured € 2026 103.150 -0.01%
4% International Hotel Investments plc Secured € 2026 103.000 -0.05%
4% Merkanti Holding plc Secured € 2026 101.480 -0.12%
3.75% Premier Capital plc Unsecured € 2026 105.000 0.95%
4% International Hotel Investments plc Unsecured € 2026 FI 101.510 0.00%
4.35% SD Finance plc Unsecured € 2027 103.800 1.35%
3.75% Tumas Investments plc Unsecured € 2027 100.000 -6.54%
3.5% Simonds Farsons Cisk plc Unsecured € 2027 108.290 0.03%
4% Stivala Group Finance plc Secured € 2027 103.580 2.45%
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028 103.890 -0.01%
3.75% TUM Finance plc Secured € 2029 100.030 -3.35%
3.8% Hili Finance Company plc Unsecured € 2029 99.960 0.00%
4% MeDirect Bank (Malta) plc Sub Unsecured € 2024-2029 100.600 0.10%
4.25% Mercury Projects Finance plc Secured € 2031 103.500 0.53%
3.75% Bank of Valletta plc Unsecured Sub € 2026-2031 102.000 0.00%

 The Government Stocks traded today were:

Closing Price % Change
5.2% MGS 2020 (I) 102.990 0.00%
5% MGS 2021(I) 108.880 0.01%
4.3% MGS 2022 (II) 111.040 0.02%
5.5% MGS 2023 (I) 120.330 0.06%
4.8% MGS 2028 (I) 139.510 0.17%
4.5% MGS 2028 (II) 137.260 0.17%
5.1% MGS 2029 (I) 145.500 -0.04%
5.25% MGS 2030 (I) 149.000 -0.53%
4.65% MGS 2032 (I) 150.000 -0.31%
4.45% MGS 2032 (II) 148.750 0.28%
4.1% MGS 2034 (I) 149.690 0.44%
2.5% MGS 2036 (I) 128.750 0.56%
2.1% MGS 2039 (I) 125.000 0.81%
3% MGS 2040 (I) 140.000 -0.33%

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].