MSE Daily Trading Report, 10 August 2020

The MSE Equity Total Return Index declined by a further 0.743% as it reached 7,699.989 points. A total of 11 equities were active, of which five headed north while another four closed in the opposite direction. A total turnover of €138.399 was generated across 45 transactions.

Malta International Airport plc was the most liquid with a total turnover of €65,554. The equity reached €4.74 during the session but closed slightly higher at €4.80. The equity headed the list of fallers with a 7.69% change in price. This was the result of 13,396 shares spread across 19 transactions.

In the banking industry, two equities were active. Bank of Valletta plc was up by 0.22% to €0.932 as two deals involving 1,322 shares were executed. Total turnover amounted to €1,232. Its peer, HSBC Bank Malta plc, also close in positive territory at €0.85, equivalent to a 1.19% movement in price. A total turnover of €16,143 was generated as 19,323 shares changed hands over 19 deals.

The board of Malta Properties Company plc approved the group interim unaudited financial statements for the six-month period ended June 30, 2020. Revenue from the leasing of its properties declined by 7.7% to €1.6 million when compared to the first half of 2019. This was due to properties which have been vacated and have either been sold or are subject to a promise of sale, netted off by inflationary increases. Revenue is expected to increase once the Zejtun development is completed, the Swatar property is acquired, and in line with inflation.

During the first half of the year, the group’s operating profit stood at €1.15 million, translating into a 14.4% decline when compared to the same period of 2019. Administrative expenses increased to €0.46 million as a result of the group’s increase in operations and business development activity. Meanwhile, finance costs remained in line with the prior year and stood at €0.24 million.

Profit before tax for the period ended June 30, 2020, amounted to €0.9 million, equivalent to a 17.3% decrease when compared to the same period last year. Meanwhile, earnings per shares remained unchanged at €0.007. The group continued to deliver a satisfactory financial performance with a strong financial position.

A dividend in respect of the year ended December 31, 2019, of €0.01 per share was proposed by the board during the period. The 2019 dividend was approved for payment and was paid on June 1, 2020.

The equity headed the list of gainers as it closed 4.81% higher at €0.545. Six deals involving 60,000 shares were executed, worth €31,290.

Telecommunications company, GO plc, advanced by 0.62% as it traded twice over 449 shares. As a result, the equity ended the session at €3.26 and generated a total turnover of €1,459. On the other hand, its subsidiary, BMIT Technologies plc, lost 3.29% over a sole deal of 21,300 shares, reaching the €0.47 price level. Total turnover stood at €10.011.

Retail conglomerate, PG plc, declined by 2.06% to end the session at €1.90. A total turnover of €3,808 was recorded as 2,000 shares changed ownership across two transactions.

A single transaction of 1,698 International Hotel Investments plc pushed the price 0.95% higher to €0.53. Meanwhile, one deal of 2,000 Harvest Technology plc shares resulted into a negative 2.04% movement in price. The equity ended the session at €1.44 and total turnover amounted to €2,880.

Elsewhere, Simonds Farsons Cisk plc and RS2 Software plc were both active but closed unchanged at €7.60 and €2.34, respectively.

In the Sovereign Bond market, out of 11 active issues, six registered gains while four lost ground. The 2.5% MGS 2036 (I) headed the list of gainers as it closed 4% higher at €130.00. Conversely, the 4.1% MGS 2034 (I) declined by 2.36% to €142.55.

In the Corporate Debt market, 21 issues were active, of which six advanced while another five traded lower. The best performance was recorded by the 5% Tumas Investments plc Unsecured € 2024 as it closed 2.31% higher at 103.90. Meanwhile, the 3.75% Mercury Projects Finance plc Secured € 2027 lost 1.22%, ending the session at €100.25.

In the Prospects MTF market, six uses were active, of which three closed higher while one closed in the red. The 5% The Convenience Shop Holding plc Unsec Call € 2026-2029 was the best performer as it closed at €101.00, translating into a 1% increase in price.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	1,322	1,232.10	2	0.932	0.22
HSB	19,323	16,142.71	8	0.850	1.19
SFC	525	3,990.00	1	7.600	0.00
GO	449	1,458.74	2	3.260	0.62
IHI	1,698	899.94	1	0.530	0.95
MIA	13,396	65,553.62	19	4.800	-7.69
RS2	501	1,132.34	2	2.340	0.00
MPC	60,000	31,290.00	6	0.545	4.81
PG	2,000	3,808.60	2	1.900	-2.06
BMIT	21,300	10,011.00	1	0.470	-3.29
HRV	2,000	2,880.00	1	1.440	-2.04

The Corporate Bonds traded today were:

	Closing Price	% Change
5.8% International Hotel Investments plc 2021	100.250	0.25
3.65% GAP Group plc Secured € 2022	100.500	0.00
6% AX Investments Plc € 2024	107.000	0.00
4.4% Von der Heyden Group Finance plc Unsecured € 2024	100.500	-0.99
6% International Hotel Investments plc € 2024	101.100	0.00
5% Tumas Investments plc Unsecured € 2024	103.900	2.31
5.1% 1923 Investments plc Unsecured € 2024	99.950	0.00
5.1% 6PM Holdings plc Unsecured € 2025	100.000	0.00
4.5% Hili Properties plc Unsecured € 2025	100.500	0.00
4.25% Corinthia Finance plc Unsecured € 2026	101.000	2.02
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026	97.500	-0.51
4% MIDI plc Secured € 2026	102.000	1.84
4% International Hotel Investments plc Secured € 2026	100.600	-0.05
5% Dizz Finance plc Unsecured € 2026	99.000	0.00
3.75% Premier Capital plc Unsecured € 2026	100.100	0.03
3.75% Mercury Projects Finance plc Secured € 2027	100.250	-1.22
4.35% SD Finance plc Unsecured € 2027	100.000	0.00
4% Eden Finance plc Unsecured € 2027	100.010	0.00
3.75% Tumas Investments plc Unsecured € 2027	100.500	0.00
4% SP Finance plc Secured EUR Bonds 2029	100.500	-0.99
3.5% Bank of Valletta plc € Notes 2030 S1 T1	101.100	0.10

The Government Stocks traded today were:

	Closing Price	% Change
2% MGS 2020 (V)	100.260	-0.28
5% MGS 2021(I)	105.050	-0.08
4.8% MGS 2028 (I)	137.000	0.74
2.3% MGS 2029 (II)	118.000	0.00
5.25% MGS 2030 (I)	151.000	0.67
4.45% MGS 2032 (II)	143.150	-1.28
4.1% MGS 2034 (I)	142.550	-2.36
2.5% MGS 2036 (I)	130.000	4.00
2.1% MGS 2039 (I)	128.500	1.98
3% MGS 2040 (I)	141.000	0.71
2.4% MGS 2041 (I)	134.500	0.37

The Prospects MTF bonds traded today were:

	Closing Price	% Change
5% The Convenience Shop Holding plc Unsec Call € 2026-2029	101.000	1.00
5.5% Yacht Lift Malta Plc Secured Callable Bonds € 2021-2025	100.000	0.00
5.5% IG Finance plc € Unsecured 2024-2027	100.000	0.00
4.75% Gillieru Investments plc Secured Bonds 2028	100.500	0.50
5% Smartcare Finance plc Secured € 2029	100.550	0.05
4.75% KA Finance plc Secured Callable Bonds 2026-2029	99.000	-0.99

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].