MSE Index back into negative territory

MSE Daily Trading Report, 09 June 2020

The MSE Equity Total Return Index did not manage to sustain its previous gain as it lost 0.132%, ending the session at 8,340.736 points. Out of 11 active equities, three headed north while another four closed in the opposite direction. A total turnover of €154,480 was generated across 35 transactions.

The highest liquidity was recorded by RS2 Software plc as total turnover stood at €39,360. The equity declined by 1.74% as it closed at €2.26. Three deals involving 17,300 shares were executed.

In the banking industry, HSBC Bank Malta plc managed to offset its previous loss as it reached the €0.98 price level, equivalent to a 2.08% increase. Six deals with a spread of 24,500 shares generated a total turnover of €23,765. Similarly, a sole deal of 100 Lombard Bank Malta plc shares, pushed the price up by two cents to €2.20.

Bank of Valletta plc was active but closed unchanged at €1.02. Total turnover amounted to €17,771 as 17,585 shares changed hands across six transactions.

In the property sector, Tigne’ Mall plc headed the list of gainers with a 3.66% increase, over one deal of slim volume. The equity ended the session at €0.85. On the other hand, six deals involving 40,000 MIDI plc shares dragged the price by 2.56% into the red. The equity generated a total turnover of €15,456 as it reached the €0.38 price level.

Meanwhile, Malita Investments plc traded twice over a mix of 7,500 shares, leaving no impact on the previous closing price of €0.89. Total turnover stood at €6,675.

Telecommunications company, GO plc, and its subsidiary, BMIT Technologies plc, were both active but closed unchanged at €3.58 and €0.49, respectively.

A sole deal of 18,000 Plaza Centres plc shares resulted into a negative 3.06% change in price, to close at €0.95. Total turnover amounted to €17,100.

On a similar note, Simonds Farsons Cisk plc lost 1.83% as 3,305 shares were spread over four deals. The equity ended the session at €8.05 and generated a total turnover of €26,574.

Medserv plc announced that it has obtained the Malta Financial Services Authority’s permission to extend the publication deadline to the July 15, 2020.  Such extension was requested as a result of the considerable disruption being caused by the humanitarian, financial and logistical impact of COVID-19 on the Company and its advisors.

Moreover, on June 9, 2020, the company was notified that an agreement was entered into by and between, on the one part, Mr Anthony S. Diacono (31.17% present shareholding) and, on the other part, Malampaya Investments Limited (34.33% present shareholding), which is wholly and beneficially owned by Anthony J. Duncan. Each of the parties granted unto each other the option to acquire their shareholding in the company. This option is only triggered on the demise of either Anthony S. Diacono or Anthony J. Duncan (whichever occurs first) and is exercisable for a period of one year thereafter. Upon the exercise by either Anthony S. Diacono or Malampaya Investments Limited of the option, the person exercising the option would have a resultant shareholding of 65.50%. The rationale behind this agreement is to further strengthen the succession plan of the two major shareholders and to ensure a smooth transition should this unfortunate event take place at a time when they are still major shareholders in the company.

No trading activity was recorded.

In the Sovereign Debt market, only two issues were active. The 4.65% MGS 2032 (I) traded 1.37% higher, to close at €148.00. Conversely, the 2.1% MGS 2039 (I) ended the session at €127.00, translating into a 0.12% decline.

In the Corporate Debt market, 23 issues were active, of which 15 advanced while another two lost ground. The 5.75% International Hotel Investments plc Unsecured € 2025 registered the best performance as it closed 2% higher at €102.00. On the other hand, the 6% International Hotel Investments plc € 2024 was down by 0.74%, to close at €101.25.

In the Prospects MTF market, both the 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 and 5% Smartcare Finance plc Secured € 2029 were active but closed unchanged at par and €100.15, respectively.

 

The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
BOV 17,585 17,770.75 6 1.020 0.00
HSB 24,500 23,765.00 6 0.980 2.08
LOM 100 220.00 1 2.200 0.92
SFC 3,305 26,573.50 4 8.050 -1.83
GO 998 3,578.80 2 3.580 0.00
PZC 18,000 17,100.00 1 0.950 -3.06
RS2 17,300 39,360.00 3 2.260 -1.74
MDI 40,000 15,455.90 6 0.380 -2.56
MLT 7,500 6,675.00 2 0.890 0.00
TML 72 61.20 1 0.850 3.66
BMIT 8,000 3,920.00 3 0.490 0.00

The Corporate Bonds traded today were:

Closing Price % Change
5.8% International Hotel Investments plc 2021 100.500 0.00
3.65% GAP Group plc Secured € 2022 100.900 0.00
5% Mediterranean Investments Holding plc Unsecured € 2022 98.000 0.41
5.8% International Hotel Investments plc 2023 100.010 1.12
4.4% Von der Heyden Group Finance plc Unsecured € 2024 100.000 0.00
6% International Hotel Investments plc € 2024 101.250 -0.74
5.1% 1923 Investments plc Unsecured € 2024 98.900 0.66
5.75% International Hotel Investments plc Unsecured € 2025 102.000 2.00
5.1% 6PM Holdings plc Unsecured € 2025 99.900 0.00
4.5% Hili Properties plc Unsecured € 2025 102.000 2.00
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026 98.000 0.00
4% International Hotel Investments plc Secured € 2026 101.000 0.90
4% Merkanti Holding plc Secured € 2026 101.200 0.80
5% Dizz Finance plc Unsecured € 2026 99.000 1.54
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026 97.150 0.15
4% International Hotel Investments plc Unsecured € 2026 100.000 0.01
3.75% Mercury Projects Finance plc Secured € 2027 100.000 0.01
4.35% SD Finance plc Unsecured € 2027 103.000 1.98
4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1 100.500 0.50
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028 98.750 0.71
4% SP Finance plc Secured EUR Bonds 2029 101.000 0.50
3.8% Hili Finance Company plc Unsecured € 2029 97.000 0.00
3.5% Bank of Valletta plc € Notes 2030 S1 T1 102.000 -0.49

 The Government Stocks traded today were:

Closing Price % Change
4.65% MGS 2032 (I) 148.000 1.37
2.1% MGS 2039 (I) 127.000 -0.12

Prospect Bonds traded today were:

Closing Price % Change
5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 100.000 0.00
5% Smartcare Finance plc Secured € 2029 100.150 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].