MSE Daily Trading Report, 18 June 2020

The MSE Equity Total Return Index did not manage to sustain its previous gain as it closed 0.447% lower at 8,286.531 points. Out of 15 active equities, four registered gains while another seven closed in negative territory. A total turnover of €311,926 was generated across 57 transactions.

In the banking industry, Lombard Bank Malta plc recorded the highest liquidity as total turnover amounted to €68,678. The bank also headed the list of fallers as the price declined by 8.18% to €2.02/. This was the results of 11 deals involving a mix of 34,187 shares.

HSBC Bank Malta plc lost 2.04% as 41,000 shares were spread over three transactions. The bank ended the session at €0.96.

Its peer, Bank of Valletta plc, traded once over 9,968 shares which did not impact the previous closing price of €1.01. Total turnover stood at €10,068. Similarly, FIMBank Malta plc was active but closed unchanged at $0.40. A sole deal of 25,766 shares was executed.

Malta International Airport plc generated a total turnover of €57,095 as 9,844 shares changed ownership across 11 transactions. The equity’s previous closing price of €5.80 was not altered.

Telecommunications company, GO plc announced that the Annual General Meeting shall be held on July 28, 2020. The equity lost 0.58% as 12 deals involving 14,150 shares were executed. The equity ended the session at €3.40 and generated a total turnover of €48,244. Its subsidiary, BMIT Technologies plc announced that the Annual General Meeting shall be held on July 27,2020. A single deal of 5,000 shares dragged the price by 2.61% into the red. The equity registered a total turnover of €2,450 and closed at €0.49.

RS2 Software plc was active but closed unchanged at €2.40. Three deals involving 13,007 shares were executed, worth €31,217.

In the property sector, MIDI plc announced that the Environment & Planning Review Tribunal (EPRT) decided that a fresh Environment Impact Assessment (EIA) must be submitted by the Company to the Environment Resources Authority in order for the Planning Authority (PA) to reconsider the application. On June 17, 2020, the EPRT concluded tat there was a breach in the EIA in respect of the outline development permit for Manoel Island, which has been approved by the PA on March 20, 2019. The Company remains fully committed to the Manoel Island project and the development of the site as contemplated in the deed of emphyteusis entered into with Government on the 15th June 2000. The Company will keep the market updated with any developments as they arise in accordance with its regulatory obligations.

The equity was down by 7.5% as it traded twice over a mix of 29,000 shares. Total turnover amounted to €10,730 while price declined to €0.37.

Two deals involving 8,520 Malta Properties Company plc shares resulted into a 1.69% fall in price, reaching the €0.58 price level. A total turnover of €4,942 was recorded.

On the other hand, Malita Investments plc traded once over 3,400 shares to close at €0.895, translating into a 0.56% increase.  Total turnover stood at €3,043.

International Hotel Investments plc announced that the board shall meet on July 26, 2020, to consider, and if deemed fit, approve the audited financial statements for the financial year ended December 31, 2019.

The equity was up by 0.9% over a deal of 3,000 shares. The equity generated a total turnover of €1,680 as the price reached the €0.56 level.

Retail conglomerate, PG plc, registered a 1% decline as it ended the session at €1.98. This was the result of two deals involving 5,944 shares, worth €11,769.

Simonds Farsons Cisk plc advanced by 2.5% as it traded twice on slim volume. The equity closed at €8.20 and generated a total turnover of €4,977.

Four deals involving 5,900 Harvest Technology plc pushed the price 2.76% higher to €1.49. A total turnover of €8,497 was recorded.

Grand Harbour Marina plc announced that the board has notified the Malta Financial Services Authority of the its intention to avail itself of the two-month extension granted, in terms of the Circular, for the publication of its forthcoming Financial Analysis Summary (FAS) update.  The company expects to publish the FAS by not later than August 27, 2020.  The company believes that this extension will enable it to obtain a greater degree of visibility as to likely market conditions as travel restrictions are lifted, thus allowing for a better updating of financial forecasts for financial year ending 31 December 2020.

The equity did not record any trading activity.

Medserv plc announced that the Annual General Meeting shall be held on July 31, 2020. No trading activity was recorded during the session.

In the Sovereign Debt market, 13 issues were active of which five headed north while another three closed in the opposite direction. The top performer was the 2.3% MGS 2029 (II) as it closed 6.14% higher at €121.00. On the other hand, the 2.5% MGS 2036 (I) lost 3.82%, ending the session at €126.00.

In the Corporate Debt market, out of 16 active issues, nine registered gains while another three closed in the red. The 3.75% TUM Finance plc Secured € 2029 headed the list of gainers as it closed 1.87% higher at €102.89. Conversely, the 4% International Hotel Investments plc Secured € 2026 closed 1.23% lower at €100.25.

In the Prospect MTF market, the 5.5% Anchovy Studios plc € Unsecured 2027 was active but closed unchanged at par.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	9,968	10,067.68	1	1.010	0.00
HSB	41,000	39,360.00	3	0.960	-2.04
LOM	34,187	68,678.10	11	2.020	-8.18
SFC	607	4,977.40	2	8.200	2.50
GO	14,150	48,244.00	12	3.400	-0.58
IHI	3,000	1,680.00	1	0.560	0.90
FIM	25,766	9,175.93	1	0.400	0.00
MIA	9,844	57,095.20	11	5.800	0.00
RS2	13,007	31,216.80	3	2.400	0.00
MDI	29,000	10,730.00	2	0.370	-7.50
MLT	3,400	3,043.00	1	0.895	0.56
MPC	8,520	4,941.60	2	0.580	-1.69
PG	5,944	11,769.12	2	1.980	-1.00
BMIT	5,000	2,450.00	1	0.490	-1.61
HRV	5,900	8,497.00	4	1.490	2.76

The Corporate Bonds traded today were:

	Closing Price	% Change
6% Medserv plc Sec. & Grntd €  Notes 2020-2023 S1 T1	99.300	-0.40
4.4% Von der Heyden Group Finance plc Unsecured € 2024	102.900	1.68
6% International Hotel Investments plc € 2024	103.000	0.00
5.1% 1923 Investments plc Unsecured € 2024	99.980	0.03
5.75% International Hotel Investments plc Unsecured € 2025	102.000	1.49
4% International Hotel Investments plc Secured € 2026	100.250	-1.23
5% Dizz Finance plc Unsecured € 2026	100.000	0.00
4% International Hotel Investments plc Unsecured € 2026	101.500	0.00
4% Stivala Group Finance plc Secured € 2027	102.500	0.01
3.85% Hili Finance Company plc Unsecured € 2028	99.000	0.00
4.15% Phoenicia Finance Company plc Unsecured € 2023-2028	99.000	0.25
4% SP Finance plc Secured EUR Bonds 2029	102.990	1.07
3.75% TUM Finance plc Secured € 2029	102.890	1.87
3.65% Stivala Group Finance plc Secured € 2029	100.800	0.78
3.8% Hili Finance Company plc Unsecured € 2029	99.000	1.02
3.5% Bank of Valletta plc € Notes 2030 S2 T1	99.500	-0.50

The Government Stocks traded today were:

	Closing Price	% Change
4.3% MGS 2022 (II)	107.960	-0.04
4.5% MGS 2028 (II)	138.000	0.00
2.3% MGS 2029 (II)	121.000	6.14
5.1% MGS 2029 (I)	145.000	-0.55
5.25% MGS 2030 (I)	150.250	1.53
5.2% MGS 2031 (I)	150.000	0.00
4.65% MGS 2032 (I)	145.000	0.69
4.45% MGS 2032 (II)	144.000	0.00
4.3% MGS 2033 (I)	142.000	0.00
2.5% MGS 2036 (I)	126.000	-3.82
2.1% MGS 2039 (I)	128.000	0.79
3% MGS 2040 (I)	140.000	0.00
2.4% MGS 2041 (I)	130.000	4.00

Prospect Bonds traded today were:

	Closing Price	% Change
5.5% Anchovy Studios plc € Unsecured 2027	100.000	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].