MSE Index kicks off the month in the red

MSE Daily Trading Report, 01 July 2020

The MSE Equity Total Return Index lost momentum as it closed 0.285% lower at 8,323.728 points. During today’s short trading session, four equities were active, of which one headed north while another one closed in the opposite direction. A total turnover of €63,564 was generated across 15 transactions.

The only positive performer was HSBC Bank Malta plc as it closed 1.05% higher at €0.96. Two deals involving 1,074 shares were executed, generating a total turnover of €1,031.

Its peer, Bank of Valletta plc was active but closed unchanged at €1.00. A total turnover of €23,311 was recorded as 22,886 shares were spread across four transactions.

Simonds Farsons Cisk plc lost 3.66% as 4,324 shares changed ownership over eight deals. The equity ended the session at €7.90 and registered the highest liquidity with a total turnover of €34,292.

A sole deal of 850 Malta International Airport plc shares did not impact the equity’s previous closing price of €5.80. Total turnover stood at €4,930.

International Hotel Investments plc announced that the audited financial statements for 2019 of IHI Magyarország Zrt as guarantor of the company’s secured bond (ISIN MT0000111303) are expected to be published by July 17, 2020. The publication of these audited financial statements has been delayed in consequence of the Covid-19 situation, which has placed the guarantor’s human resources and those of its auditors under heavy time and logistical constraints, taking into account the multinational nature of its business. On the basis of the measures taken thus far and projecting a scenario of marginal income for the rest of 2020, the company has sufficient liquidity to honour its payment obligations, not least bond interest payments as they arise through the course of the year.

No trading activity was recorded during the session.

Malta Properties Company plc announced that Annual General Meeting is scheduled to be held on July 29, 2020 to consider and, if deemed fit, approve the annual report and financial statements for the year ended December 31, 2019. Moreover, the payments of a net dividend of €0.01 per share (after tax) shall be approved for all shareholders listed on the register as at April 28, 2020. The payment of this net dividend amounts to the sum of €1,013,105.

The equity was not active during the session.

In the Corporate Debt market, 15 issues were active, of which gainers and losers tallied to five-a-piece. The 5% Tumas Investments plc Unsecured € 2024 headed the list of gainers with a 3.7% change in price, ending the session at €103.70. On the other hand, the 6% Pendergardens Developments plc Secured € 2022 Series II closed 1.9% lower at €103.00.

In the Sovereign Bond market, all seven active issues lost ground as yields headed north. The 2.1% MGS 2039 (I) registered the largest decline in price of 3.29%, ending the session at €125.00.

In the Prospects MTF market, the 4.75% Gillieru Investments plc Secured Bonds 2028 closed 0.98% lower at €101.00.

 

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV22,88623,311.0041.0000.00
HSB1,0741,031.0420.9601.05
SFC4,32434,292.0087.900-3.66
MIA8504,930.0015.8000.00

 The Corporate Bonds traded today were:

 Closing Price% Change
5.8% International Hotel Investments plc 2021100.500-0.89
6% Pendergardens Developments plc Secured € 2022 Series II103.000-1.90
4.25% GAP Group plc Secured € 2023101.1000.10
5.8% International Hotel Investments plc 2023103.0003.00
5.3% Mariner Finance plc Unsecured € 2024105.0000.00
5% Tumas Investments plc Unsecured € 2024103.7003.70
5.1% 1923 Investments plc Unsecured € 202499.9800.00
3.25% AX Group plc Unsec Bds 2026 Series I100.0100.00
3.75% Mercury Projects Finance plc Secured € 2027102.0000.00
3.5% Simonds Farsons Cisk plc Unsecured € 2027107.010-0.01
4% Stivala Group Finance plc Secured € 2027103.4700.95
3.75% Virtu Finance plc Unsecured € 2027102.1000.29
3.85% Hili Finance Company plc Unsecured € 202899.000-0.99
3.65% Stivala Group Finance plc Secured € 2029102.0000.00
3.75% AX Group plc Unsec Bds 2029 Series II100.500-0.59

The Government Stocks traded today were:

 Closing Price% Change
5% MGS 2021(I)105.420-0.05
4.3% MGS 2022 (II)107.870-0.05
4.8% MGS 2028 (I)134.030-0.12
4.5% MGS 2028 (II)132.000-0.09
5.25% MGS 2030 (I)143.000-2.72
2.2% MGS 2035 (I)114.260-0.13
2.1% MGS 2039 (I)125.000-3.29

The Prospect Bonds traded today were:

 Closing Price% Change
4.75% Gillieru Investments plc Secured Bonds 2028101.000-0.98%

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].