MSE Total Return Index back in positive territory

MSE Daily Trading Report, 08 January, 2020

The MSE Equity Total Return Index gained ground as it registered a 0.185% increase, to close at 9,533.284 points. Out of 12 active equities, gainers and losers tallied to three a-piece. A total turnover of €265,777 was generated over 47 deals.

Two equities were active in the banking industry. Bank of Valletta plc shares were pushed into positive ground, to end the session at €1.075. This translates into a 1.42% increase in price, resulting from 12 deals involving 31,358 shares. Total turnover stood at €33,543.

Meanwhile, HSBC Bank Malta plc traded three times over a spread of 3,940 shares. The bank’s previous closing price of €1.20 was left unaltered and total turnover amounted to €4,649. The bank announced that it is scheduled to meet on February 18, 2019, to approve its final audited accounts for the financial year ended December 31, 2019. Moreover, the board shall also consider the declaration of a final dividend, which is to be recommended in the bank’s AGM, to be held on April 8, 2020.

RS2 Software plc announced the acquisition of KALICOM Liebers Zahlungssysteme KG, a very successful commercial network operator. This company deals with electronic, card-based payment systems in Germany. This acquisition shall provide RS2 an attractive entry portfolio, with more than 4.000 terminals as well as an existing merchant book.

The equity advanced by a further 1.83%, as it closed at €2.22. It registered the highest liquidity of €193,327 as 88,289 shares changed hands over 17 transactions.

The best performance was registered by Mapfre Middlesea, as it recovered from yesterday’s decline. A sole deal of 1,000 shares pushed the price 7.27% higher to €2.36. A total turnover of €2,360 was recorded.

On the other side of the spectrum, International Hotel Investments plc lost a further 3.75%, as it ended the session at €0.77. A total turnover of €2,614 was generated as 3,395 shares changed ownership over two transactions.

Simonds Farsons Cisk plc was active over a single deal on slim volume. Price declined by 0.87%, to close at €11.40. Total turnover stood at €1,710.

Similarly, Main Street Complex plc also closed in the red, as it headed the list of fallers with an 8.33% change in price, to close at €0.55. A total turnover of €1,650 was generated as one deal of 3,000 shares was executed.

Malta International Airport plc was active over a sole deal with slim volume. This did not impact the equity’s precious closing price of €6.90. The company issued its 2019 full-year traffic results. It ended 2019 with a record of 7,310,289 passenger movements.

Telecommunications company, GO plc traded once over 1,000 shares. The equity’s previous closing price of €4.28 was not impacted. Similarly, its subsidiary, BMIT Technologies plc, closed unchanged at €0.52 despite trading three times over a spread of 20,000 shares. Total turnover amounted to €10,400.

Elsewhere, Medserv plc and Malta Properties Company plc were both active but closed unchanged at €1.10 and €0.65, respectively.

In the corporate debt market, 26 issues were active, of which 12 headed north while another eight closed in the opposite direction. The 4% International Hotel Investments plc Unsecured € 2026 headed the list of gainers as price was up by 0.98%, to close at €101.99. Conversely, the 5.8% International Hotel Investments plc 2023 registered the largest decline in price of €4.15% as it closed at €104.

On the sovereign debt front, out of ten active issues, three advanced while another three lost ground. The best performance of 1.92% was recorded by the 5.1% MGS 2022(I), reaching the €115.95 price level. On the other hand, the 2.5% MGS 2036 (I) lost 4.02%, to end the session at €127.66.

In the prospects market, three issues were active. A sole deal of 5,000 nominal 5.5% Testa Finance plc € Bonds 2029 pushed the bond price 0.39% higher to €101.90. On the other hand, the 5% Borgo Lifestyle Finance plc Secured Callable 2026-2029 lost 0.02% as it closed at €100.46. Meanwhile, 4.875% AgriHoldings Plc Senior Secured € 2024 was active but closed unchanged at €101.

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV31,35833,543.31121.0751.42
HSB3,9404,648.8031.2000.00
MMS1,0002,360.0012.3607.27
SFC1501,710.00111.400-0.87
GO1,0004,280.0014.2800.00
IHI3,3952,614.1520.770-3.75
MIA5753,967.5016.9000.00
MDS2,0002,200.0021.1000.00
RS288,289193,326.92172.2201.83
MPC7,7395,076.3530.6500.00
MSC3,0001,650.0010.550-8.33
BMIT20,00010,400.0030.5200.00

 The Corporate Bonds traded today were:

 Closing Price% Change
5.5% Mediterranean Investments Holding plc Unsecured € 2020100.0000.00
6% Mediterranean Investments Holding plc Euro 2021102.0000.49
5.75% Central Business Centres plc Unsecured € 2021 S1T1102.500-0.24
3.65% GAP Group plc Secured € 2022102.0100.01
5% Mediterranean Investments Holding plc Unsecured € 2022101.0000.00
5.8% International Hotel Investments plc 2023104.000-4.15
6% AX Investments Plc € 2024112.9500.00
4.4% Von der Heyden Group Finance plc Unsecured € 2024101.9000.89
5.1% 1923 Investments plc Unsecured € 2024101.8000.00
5.75% International Hotel Investments plc Unsecured € 2025106.5000.00
4.5% Hili Properties plc Unsecured € 2025105.1000.10
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026100.4500.25
4% International Hotel Investments plc Secured € 2026103.0000.49
4% Merkanti Holding plc Secured € 2026100.500-0.50
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026103.0000.68
3.25% AX Group plc Unsec Bds 2026 Series I101.400-1.07
4% International Hotel Investments plc Unsecured € 2026101.9900.98
4.35% SD Finance plc Unsecured € 2027101.4900.02
3.75% Virtu Finance plc Unsecured € 2027104.550-0.06
3.85% Hili Finance Company plc Unsecured € 2028100.9500.95
4% SP Finance plc Secured EUR Bonds 2029100.4000.30
3.75% TUM Finance plc Secured € 2029101.750-0.25
3.65% Stivala Group Finance plc Secured € 2029102.0000.00
3.8% Hili Finance Company plc Unsecured € 2029100.000-0.15
3.75% AX Group plc Unsec Bds 2029 Series II103.0700.02
4.25% Mercury Projects Finance plc Secured € 2031100.500-0.40

 The Government Stocks traded today were:

 Closing Price% Change
5% MGS 2021(I)108.2800.00
5.1% MGS 2022(I)115.9501.92
5.1% MGS 2029 (I)144.910-0.14
4.45% MGS 2032 (II)147.8000.22
4.3% MGS 2033 (I)148.110-1.26
4.1% MGS 2034 (I)147.5600.01
2.5% MGS 2036 (I)127.660-4.02
2.1% MGS 2039 (I)130.0000.00
3% MGS 2040 (I)146.0000.00
2.4% MGS 2041 (I)136.0000.00

The Prospect Bonds traded today were:

 Closing Price% Change
4.875% AgriHoldings Plc Senior Secured € 2024101.0000.00%
5.5% Testa Finance plc € Bonds 2029101.9000.39%
5% Borgo Lifestyle Finance plc Secured Callable 2026-2029100.460-0.02%

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].