MSE Daily Trading Report, 02 April, 2020

The MSE Equity Total Return Index advanced by a further 0.132% as it closed at 7,897.993 points. A total of 10 equities were active, of which four registered gains while another two lost ground. A total turnover of €181,580 was generated over 45 deals.

Malta Properties Company plc announced that in light of the current Covid-19 issues, the company shall be postponing its Annual General Meeting (AGM) to another date when the situation is stable. The board decided to proceed with the payment of dividend, which will be paid on June 1, 2020 to all listed shareholders as at April 28, 2020. Shareholders’ confirmation for this decision will be given at the AGM.

The equity was the most liquid as a total turnover of €43,783 was recorded. Nine deals involving 88,370 shares dragged price 2% lower to €0.49.

RS2 Software plc was up by 1.6% as 10,600 shares changed hands across six deals. The equity ended the session at €1.90 and generated a total turnover of €19,232.

Similarly, GO plc shall also postpone its AGM. The board announced that due to the current extraordinary circumstances, the recommended dividend payment of €0.14 per share (net of tax), shall be re-evaluated.

No trading activity was recorded. Meanwhile, its subsidiary, BMIT Technologies plc advanced by 3.35% as it closed at €0.494. Total turnover of €18,253 was recorded as two deals involving 36,950 shares were executed.

Malta International Airport plc registered a positive performance as it closed 0.4% higher at €5.00. This was the result of 8,635 shares executed over nine transactions. Total turnover amounted to €43,143.

In the banking industry, Bank of Valletta plc traded nine times over a mix of 30,762 shares. Total turnover stood at €26,148. The bank’s previous closing price of €0.85 was not impacted.

On a similar note, a sole deal of 250 Lombard Bank Malta plc shares did not alter the equity’s previous closing price of €2.10. A slim turnover was generated.

One transaction of 900 International Hotel Investments plc shares pushed price by a positive 0.85% to €0.595. Similarly, Mapfre Middlsea plc traded once on slim volume but closed unchanged at €2.26.

Retail conglomerate, PG plc, traded twice over 2,000 shares, worth €3,283. Price declined by % as it reached the €1.63 price level.

In the property sector, Malita Investments plc was active but closed unchanged at €0.77. Five deals involving 34,750 shares generated a total turnover of €26,611.

Grand Harbour Marina plc announced that due to the regulations imposed by the Government of Malta and global travel restrictions, the Pontoon and Superyacht visitors’ sector are expected to be impacted. Such negative impact is still too early to be quantified. The company has forecasted a worst-case scenario, that of no income from the sectors previously mentioned for the next six months, including September 2020. In this case, the company would still be able to meet all its payments obligations – including salaries and bond interest payments. The company would also be able to fully redeem its current €15 million bond, maturing in 2027.

In the Sovereign Debt market, five issues were active, of which three closed in the red while the 5.1% MGS 2029 (I) closed 0.22% higher at €142.36.  The 4.45% MGS 2032 (II) registered the largest decline as it closed at €144.20 – translating into a 0.91% fall in price.

In the Corporate Debt market, out of 22 active issues, eight registered gains while another five lost ground. The best performer was the 3.75% Bortex Group Finance plc Unsecured € 2027 as it closed 3.36% higher, reaching par. Meanwhile, the 3.85% Hili Finance Company plc Unsecured € 2028 closed 2.06% higher at €0.95.

In the Prospects MTF market, the 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 was active, ending the session 1.99% lower at €98.50.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	30,762	26,147.70	9	0.850	0.00
LOM	250	525.00	1	2.100	0.00
MMS	29	65.54	1	2.260	0.00
IHI	900	535.50	1	0.595	0.85
MIA	8,635	43,142.80	9	5.000	0.40
RS2	10,600	19,232.00	6	1.900	1.60
MLT	34,750	26,611.25	5	0.770	0.00
MPC	88,370	43,783.30	9	0.490	-2.00
PG	2,000	3,283.40	2	1.630	-4.12
BMIT	36,950	18,253.30	2	0.494	3.35

The Corporate Bonds traded today were:

	Closing Price	% Change
3.65% GAP Group plc Secured € 2022	100.000	0.00
6% Medserv plc Sec. & Grntd €  Notes 2020-2023 S1 T1	98.000	0.01
5.3% Mariner Finance plc Unsecured € 2024	100.000	0.00
5.1% 1923 Investments plc Unsecured € 2024	95.500	-0.52
4.25% Best Deal Properties Holding plc Secured € 2024	98.500	-0.51
4.5% Hili Properties plc Unsecured € 2025	98.000	0.00
5.25% Central Business Centres plc Unsecured € 2025 S2T1	100.000	0.00
4% MIDI plc Secured € 2026	98.990	0.09
4% International Hotel Investments plc Secured € 2026	99.990	3.08
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026	98.000	2.08
3.75% Premier Capital plc Unsecured € 2026	98.500	0.00
4.35% SD Finance plc Unsecured € 2027	97.900	-0.10
4% Eden Finance plc Unsecured € 2027	97.000	0.01
4% Stivala Group Finance plc Secured € 2027	99.000	1.53
3.75% Bortex Group Finance plc Unsecured € 2027	100.000	3.36
3.85% Hili Finance Company plc Unsecured € 2028	95.000	-2.06
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028	96.000	-2.04
4% MeDirect Bank (Malta) plc Sub Unsecured € 2024-2029	99.000	0.00
4% MeDirect Bank (Malta) plc Sub Unsecured £ 2024-2029	100.200	0.00
3.75% AX Group plc Unsec Bds 2029 Series II	100.000	0.00
4.25% Mercury Projects Finance plc Secured € 2031	99.000	2.04
3.75% Bank of Valletta plc Unsecured Sub € 2026-2031	100.000	0.00

The Government Stocks traded today were:

	Closing Price	% Change
4.3% MGS 2022 (II)	109.380	-0.10
5.1% MGS 2029 (I)	142.360	0.22
4.45% MGS 2032 (II)	144.200	-0.91
2.1% MGS 2039 (I)	127.000	-0.78
3% MGS 2040 (I)	139.000	0.00

The Prospects MTF Bonds traded today were:

	Closing Price	% Change
5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028	98.500	-1.99%

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].