MSE Daily Trading Report, 29 May 2020

The MSE Equity Total Return Index registered a further 0.184% increase as it closed at 8,213.194 points. Out of nine active equities, three headed north while another three closed in the opposite direction. A total turnover of €240,283 was generated over 52 transactions.

Malta International Airport plc recorded another gain of 5.45% to end the session at €5.80. A total of 17,693 shares were exchanged recording a total market value of €101,630. This result was achieved across 17 transactions.

In the banking industry, Bank of Valletta plc shares traded flat at €1.02 – twelve deals involving 40,729 shares generated a total turnvoer of €41,037. On the other hand, FIMBank plc closed 4.76% lower to end the session at $0.40. This was the result  of two trades involving 22,500 shares.

Simonds Farson Cisk plc closed 3.61% lower at €8.00 as 11 deals involving 6,489 shares were executed. Total turnover stood at €52,007. Similarly, Grand Harbour Marina plc reached an all-time-low price of €0.40 but managed to recoup some lost ground as it closed at €0.72 – translating into a 4% decline. A total of 1,913 shares changed hands over three deals.

Retail conglomerate, PG plc, was up by a further 0.52% over three deals of 6,500 shares, worth €12,631. The equity ended the session at €1.95.

Similarly, BMIT Technologies plc closed 1.27% higher at €0.478. This performance was achieved through a single trade of 4,500 shares.

MIDI plc and Trident Estates plc both traded flat at €0.41 and €1.55 respectively.

MaltaPost plc announced that the board approve the unaudited condensed consolidated interim financial statements for the half-year period ended March 31, 2020. The company registered a profit before tax of €1.41 million, which is close to the previous year’s figure of €1.37 million. Total revenue was up by 1.18% as it amounted to €17.2 million, following the local tariff revisions and increased parcel businesses. The company’s increase in expenditure remained relatively unchanged at €15.9 million, translating into a 1% increase. Meanwhile, cost to income ratio improved to 92.1% from the 92.5% registered during the same period of the previous year. The shareholders’ funds remained stable at €26.3 million – equivalent to a €0.3 million decline.

These results need to be considered in light of the current Covid-19 pandemic. Significant declines were registered in March, in both postal and non-postal revenues. The impact was most noticeable when very stringent measures, including air travel ban, were introduced.

The equity did not record any trading activity.

In the Sovereign Debt market, out of three active issues, two declined while the 4.65% MGS 2032 (I) closed unchanged. The 5.2% MGS 2031 (I) registered a decline of a mere 0.4% as it closed at €147.42.

In the Corporate Debt market, a total of 17 issues were active, of which seven traded higher while another three lost ground. The 4.25% Best Deal Properties Holding plc Secured € 2024 headed the list of gainers as it closed 1.01% higher at €100.00. Conversely, the 4% International Hotel Investments plc Unsecured € 2026 lost 8.18%, ending the session at €91.73.

In the Prospects MTF market, three issues were active. The 4.75% Orion Finance plc € Unsecured 2027 closed 0.2% lower, reaching the €99.80 price level.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	40,729	41,037.02	12	1.020	0.00
SFC	6,489	52,006.55	11	8.000	-3.61
FIM	22,500	8,260.71	2	0.400	-4.76
MIA	17,693	101,629.90	17	5.800	5.45
GHM	1,913	846.77	3	0.720	-4.00
MDI	14,000	5,740.00	1	0.410	0.00
PG	6,500	12,630.50	3	1.950	0.52
TRI	10,342	15,980.10	2	1.550	0.00
BMIT	4,500	2,151.00	1	0.478	1.27

The Corporate Bonds traded today were:

	Closing Price	% Change
4.4% Von der Heyden Group Finance plc Unsecured € 2024	100.000	0.00
5% Hal Mann Vella Group plc Secured € 2024	103.000	0.00
5.1% 1923 Investments plc Unsecured € 2024	98.250	0.26
4.25% Best Deal Properties Holding plc Secured € 2024	100.000	1.01
5.75% International Hotel Investments plc Unsecured € 2025	100.000	0.00
5.1% 6PM Holdings plc Unsecured € 2025	99.860	0.87
4.5% Hili Properties plc Unsecured € 2025	100.000	0.01
4% Merkanti Holding plc Secured € 2026	100.000	0.00
5% Dizz Finance plc Unsecured € 2026	97.500	-0.51
3.75% Premier Capital plc Unsecured € 2026	101.010	-0.01
4% International Hotel Investments plc Unsecured € 2026	91.730	-8.18
4.35% SD Finance plc Unsecured € 2027	100.000	0.10
3.75% Tumas Investments plc Unsecured € 2027	100.500	0.00
3.75% Bortex Group Finance plc Unsecured € 2027	102.000	0.99
3.85% Hili Finance Company plc Unsecured € 2028	98.490	0.00
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028	98.200	0.00
3.75% AX Group plc Unsec Bds 2029 Series II	101.100	0.35

The Government Stocks traded today were:

	Closing Price	% Change
5.1% MGS 2022(I)	111.140	-0.09
5.2% MGS 2031 (I)	147.420	-0.40
4.65% MGS 2032 (I)	150.000	0.00

Prospect Bonds traded today were:

	Closing Price	% Change
4.75% Orion Finance plc € Unsecured 2027	99.800	-0.20
5.5% Anchovy Studios plc € Unsecured 2027	100.000	0.00
5% Luxury Living Finance plc € Secured Bonds 2028	99.000	0.00

 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].