MSE Daily Trading Report, 06 December, 2019

The MSE Equity Total Return Index stooped lower, as it declined by 0.648%, to close at 9,422.439 – a 33 week low. A total of 10 equities were active, of which three depreciated while only one gained ground. A total turnover of €373,757 was generated over 51 deals.

In the banking industry, Bank of Valletta plc was active, but closed unchanged at €1.05 – an over 10 year low. The equity was active over 16 transactions, in which a total of 83,453 shares changed hands. Its peer, HSBC Bank Malta plc was active over a single trade of mere volume and also closed unchanged at €1.20.

Malta International Airport plc featured in 12 separate trades which generated a total turnover of €81,774. These transactions yielded a 1.41% decline in price which stood at €7 at close of business – a fresh three month low. The Company issued the November 2019 traffic results at the end of today’s trading session and thus, these had no impact whatsoever on the daily stock price performance. The announcement showed that an 8.7% increase in passenger movements was registered when compared to the same month last year. This month’s growth rate was one of the strongest year-to-date increases as a result of the airport’s strategy of stimulating further traffic growth in the off-peak months.

During November, passenger movement stood at 493,201 on the back of increases in both aircraft movements and seat capacity. Seat load factor for the month was recorded at 78.1%.

November’s top markets were Spain, France, Germany, Italy and the UK. The growth rate for both Italy and Spain may be partly due to the introduction of Trieste and Santiago de Compostela routes for the season. The airport also launched two other routes, being Paphos in Cyprus and Nis in Serbia, as part of the winter schedule. In total, these four new routes resulted into over 10,460 passenger movements to November’s total traffic.

Telecommunications company GO plc was active over three deals worth a total of €47,610 but closed unchanged at €4.14. During the day, the company announced that Innovative Software Limited, its fully-owned subsidiary, shall be amalgamated with the mother company itself through a merger procedure.

Retail conglomerate PG plc, was the sole equity to register gains in today’s session. A total of four deals were recorded and turnover stood at €53,308. The increase in price amounted to 1.71% and the closing price at the end of the session read €1.78.

Three deals involving 4,265 RS2 Software plc shares had a negative impact on the equity’s price as a decline of 0.95% was registered, to close at €2.08.

International Hotel Investments plc headed the list of fallers, as six deals worth a total of €24,421 dragged the price 4.43% lower, to close at €0.755.

Elsewhere, Mapfre Middlesea plc, FIMBank plc and MIDI plc were all active but closed unchanged at €2.14, $0.64 and €0.515 respectively.

In the corporate debt market, 19 issues were active, of which seven headed north while six headed lower. The best performance was registered by the 3.75% Tumas Investments plc Unsecured 2027, as it closed 2.04% higher at par.

In the sovereign debt market, out of 12 active issues, nine registered gains while two declined. The 3% MGS 2040 (I) headed the list of gainers with a 4.29% increase, to close at €146.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	83,453	87,625.65	16	1.050	-0.94%
HSB	372	446.40	1	1.200	0.00%
MMS	1,000	2,140.00	1	2.140	0.00%
GO	11,500	47,610.00	3	4.140	-0.96%
IHI	31,477	24,420.91	6	0.755	-2.47%
FIM	100,236	57,824.99	3	0.640	-0.98%
MIA	11,682	81,774.00	12	7.000	0.00%
RS2	4,265	8,976.20	3	2.080	0.00%
MDI	18,700	9,630.50	2	0.515	-0.96%
PG	30,000	53,308.29	4	1.780	0.00%

 The Corporate Bonds traded today were:

	Closing Price	% Change
4.8% Bank of Valletta Plc Sub € 2020	100.000	-0.99
5.8% International Hotel Investments plc 2021	101.500	0.00
5% Mediterranean Investments Holding plc Unsecured € 2022	100.500	0.50
4.4% Von der Heyden Group Finance plc Unsecured € 2024	100.000	0.00
5.3% Mariner Finance plc Unsecured € 2024	106.000	0.00
5% Tumas Investments plc Unsecured € 2024	102.020	2.01
5.75% International Hotel Investments plc Unsecured € 2025	106.250	0.24
4% MIDI plc Secured € 2026	103.010	-0.95
4% International Hotel Investments plc Secured € 2026	102.000	-0.97
3.75% Premier Capital plc Unsecured € 2026	103.850	-0.15
4% International Hotel Investments plc Unsecured € 2026	101.950	0.94
4.35% SD Finance plc Unsecured € 2027	100.000	-0.30
3.75% Tumas Investments plc Unsecured € 2027	100.000	2.04
4.5% Grand Harbour Marina plc Unsecured € 2027	104.600	0.00
3.5% Simonds Farsons Cisk plc Unsecured € 2027	108.320	0.03
3.85% Hili Finance Company plc Unsecured € 2028	100.000	0.00
4.85% Melite Finance plc Secured € 2028	106.970	1.39
3.8% Hili Finance Company plc Unsecured € 2029	99.830	-0.16
3.75% Bank of Valletta plc Unsecured Sub € 2026-2031	100.200	0.00

 The Government Stocks traded today were:

	Closing Price	% Change
4.3% MGS 2022 (II)	110.750	-0.09
2.3% MGS 2029 (II)	121.000	1.60
5.1% MGS 2029 (I)	147.350	0.00
5.25% MGS 2030 (I)	153.140	0.75
5.2% MGS 2031 (I)	157.830	1.34
4.45% MGS 2032 (II)	150.050	0.03
4.1% MGS 2034 (I)	151.460	1.14
2.2% MGS 2035 (I)	121.640	-0.52
2.5% MGS 2036 (I)	133.800	4.12
2.1% MGS 2039 (I)	130.000	2.36
3% MGS 2040 (I)	146.000	4.29
2.4% MGS 2041 (I)	136.000	4.21

 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].