MSE Daily Trading Report, 28 July 2020

The MSE Equity Total Return Index advanced by a further 0.127% as it reached 8,121.453 points. Nine equities were active, of which gainers and losers tallied to two a-piece. A total turnover of €96,545 was generated across 27 transactions.

The highest liquidity was recorded by BMIT Technologies plc with a total turnover of €58,164. A total of 120,066 shares were spread over 11 deals, dragging the price by 1.23% into the red. The equity ended the session at the €0.48 price level.

Its parent company, GO plc announced it has held its Annual General Meeting during which all the resolutions on the agenda were approved. A sole deal of 663 shares did not impact the equity’s previous closing price of €3.44. Total turnover stood at €2,281.

This afternoon,  Harvest Technology plc announced that during the meeting held today, the board approved the company’s interim financial statements for the six-month period ended June 30, 2020. During the period under review, the group registered a 20% increase in revenue when compared to the previous half-year period, as it stood at €9 million. Similarly, profit before tax increased to €1.86 million – an improvement of 21% on the budget projection for H1 (€1.3 million) which constituted the first half of the annual projected consolidated net profit before tax of €3.1 million for 2020. The earnings per share increased from 0.042 to 0.052. The group’s net assets as at June 30, 2020 amounted to €11 million versus the €10 million recorded during the same period last year.

The board also announced that it has resolved to distribute an interim net dividend of €546,785, equivalent to €0.024. All shareholders on the company’s register as at July 31, 2020 shall be entitled to receive their respective share of the dividend. Payment of the dividend shall be effected by not later than August 14, 2020.

The equity was not active during the session.

In the banking industry, three equities were active. HSBC Bank Malta plc headed the list of fallers with a 2.11% change in price, as it closed at €0.93. Three deals involving 5,207 shares were executed, worth €4,843.

Its peer, Bank of Valletta plc, was active but closed flat at €0.98. A total of 7,150 shares changed ownership across three transactions. A total turnover of €7,007 was recorded. Similarly, Lombard Bank Malta plc traded once but closed unchanged at €2.06.

The top performance was registered by Mapfre Middlesea plc as a single transaction of 220 shares pushed the price 6.93% higher to €2.16.

In the property sector, Malita Investments plc was up by 2.2% as 17,014 shares changed hands over five deals. The equity ended the session at €0.93 and generated a total turnover of €15,727.

International Hotel Investments plc traded once over 5,600 shares, worth €3,024. The equity’s previous closing price of €0.54 was not altered.

On a similar note, Malta International Airport plc was active but closed unchanged at €5.50. One deal of 895 shares generated a total turnover of €4,923.

GlobalCapital plc announced that merger documents, related to GlobalCapital Holdings Limited, have been signed. It is anticipated that GC Holdings Limited will be amalgamated with the company by virtue of a merger procedure. As a result of the aforementioned merger, the company, as the acquiring company, shall succeed to all the assets, rights, liabilities and obligations of GC Holdings Limited. The merger is part of a broader restructuring strategy of the GlobalCapital group of companies. The board deem this merger to be in the best commercial interests of the company.

No trading activity was recorded during the session.

In the Corporate Debt market, 25 issues were active, of which 12 headed north while another five closed in the opposite direction. The 5.25% Central Business Centres plc Unsecured € 2025 S2T1 headed the list of gainers as it closed 3.52% higher at €103.00. On the other hand, the 6% International Hotel Investments plc € 2024 lost 1.96%, ending the session at €100.10.

In the Sovereign Bond market, out of 11 active issues, five registered gains while another four lost ground. The best performance was recorded by the 1.50% MGS 2045 (I) with a 5.74% movement in price, to close at €114.20. Conversely, the 2.5% MGS 2036 (I) closed 6.79% lower as it reached the €122.10 price level.

In the Prospects MTF market, three issues where active. The 5% The Convenience Shop Holding plc Unsec Call € 2026-2029 reached its par value, translating into a 0.2% decline while the other two closed unchanged.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	7,150	7,007.00	3	0.980	0.00
HSB	5,207	4,842.51	3	0.930	-2.11
LOM	49	100.94	1	2.060	0.00
MMS	220	475.20	1	2.160	6.93
GO	663	2,280.72	1	3.440	0.00
IHI	5,600	3,024.00	1	0.540	0.00
MIA	895	4,922.50	1	5.500	0.00
MLT	17,014	15,727.31	5	0.930	2.20
BMIT	120,066	58,164.34	11	0.480	-1.23

The Corporate Bonds traded today were:

	Closing Price	% Change
5.8% International Hotel Investments plc 2021	100.500	0.50
6% International Hotel Investments plc € 2024	100.100	-1.96
5% Hal Mann Vella Group plc Secured € 2024	106.000	2.91
5.1% 1923 Investments plc Unsecured € 2024	100.000	0.00
4.25% Best Deal Properties Holding plc Secured € 2024	102.990	-0.01
5.75% International Hotel Investments plc Unsecured € 2025	100.100	-1.86
5.1% 6PM Holdings plc Unsecured € 2025	100.000	0.00
4.5% Hili Properties plc Unsecured € 2025	102.000	0.00
5.25% Central Business Centres plc Unsecured € 2025 S2T1	103.000	3.52
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026	98.000	0.51
4% International Hotel Investments plc Secured € 2026	100.600	0.00
4% Merkanti Holding plc Secured € 2026	101.000	1.00
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026	97.940	0.00
3.75% Premier Capital plc Unsecured € 2026	102.870	0.36
4.35% SD Finance plc Unsecured € 2027	101.500	1.25
4% Eden Finance plc Unsecured € 2027	100.990	0.98
4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1	100.500	0.00
4% Stivala Group Finance plc Secured € 2027	102.000	1.84
3.75% Virtu Finance plc Unsecured € 2027	103.000	0.88
3.75% Bortex Group Finance plc Unsecured € 2027	100.500	0.00
4% SP Finance plc Secured EUR Bonds 2029	100.000	-0.25
3.75% TUM Finance plc Secured € 2029	101.000	0.00
3.65% Stivala Group Finance plc Secured € 2029	101.500	-0.20
3.8% Hili Finance Company plc Unsecured € 2029	97.990	0.50
4.25% Mercury Projects Finance plc Secured € 2031	102.000	0.99

The Government Stocks traded today were:

	Closing Price	% Change
5% MGS 2021(I)	105.190	-0.02
4.5% MGS 2028 (II)	132.000	-0.65
2.3% MGS 2029 (II)	115.900	0.16
5.25% MGS 2030 (I)	146.000	0.97
5.2% MGS 2031 (I)	148.000	0.03
4.65% MGS 2032 (I)	147.000	0.00
4.1% MGS 2034 (I)	144.000	0.70
2.5% MGS 2036 (I)	122.100	-6.79
3% MGS 2040 (I)	147.500	0.00
2.4% MGS 2041 (I)	132.000	-2.22
1.50% MGS 2045 (I)	114.200	5.74

The Prospects MTF bonds traded today were:

	Closing Price	% Change
5% The Convenience Shop Holding plc Unsec Call € 2026-2029	100.000	-0.20%
4.875% AgriHoldings Plc Senior Secured € 2024	101.000	0.00%
5% Luxury Living Finance plc € Secured Bonds 2028	99.980	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].