MIA & SFC push MSE Index higher

MSE Daily Trading Report, 24 August 2020

The MSE Equity Total Return Index managed to recover its previous decline as it reached 7,636.669 points, equivalent to a 0.474% increase. Nine equities were active, of which two headed north while another three closed in the opposite direction. A total turnover increased to €382,867 – generated across 31 transactions.

Today’s top performer was Simonds Farsons Cisk plc (SFC) as it ended the session at €7.40 – translating into a 5.71% change in price. The equity traded twice on slim volume, generating a total turnover of €3,462.

Following suit, Malta International Airport plc (MIA) registered a positive 3.32% movement in price, reaching the €4.98 price level. Six deals involving 5,026 shares were executed, worth €24,881.

GO plc was the most liquid as a total turnover of €282,141 was recorded. A total of 85,000 shares changed hands across three transactions, resulting into a 0.6% decline. The equity ended the session at €3.32.

Similarly, its subsidiary, BMIT Technologies plc, closed 2.1% lower at €0.466 as 18,950 shares were spread over five deals. Total turnover stood at €8,859.

Retail conglomerate, PG plc, was down by 1.6% as it ended the session at €1.85. Five deals involving 14,766 shares generated a total turnover of €27,638.

In the banking industry, HSBC Bank Malta plc was the only active equity as it traded once over 3,583 shares. The bank’s previous closing price of €0.835 was not altered. Total turnover amounted to €2,992.

In the property sector, Malta Properties Company plc was active but closed unchanged at €0.50. A total turnover of €18,873 was generated as 37,656 shares changed ownership across three transactions.

Elsewhere, Mapfre Middlesea plc and GlobalCapital plc were both active but traded flat at €2.00 and €0.53, respectively.

Medserv plc announced that the board is scheduled to meet on August 28, 2020 to consider, and if deemed fit, approve the unaudited half-yearly report  for the six months ended June 30, 2020. The equity was not active during the session.

In the Corporate Debt market, out of 14 active issues, seven registered gains while another two closed in the red. The 4% International Hotel Investments plc Secured € 2026, 4% Eden Finance plc Unsecured € 2027 and the 3.75% Bortex Group Finance plc Unsecured € 2027 all closed 2% higher at €102.00. On the other hand, the 4.85% Melite Finance plc Secured € 2028 lost 18.7%, to close at €80.00.

In the Sovereign Bond market, five issues were active, of which three lost ground while the rest closed unchanged. The 5.2% MGS 2031 (I) registered the largest decline in price of 0.1%, ending the session at €148.85.

In the Prospects MTF market, no trading activity was recorded.

 

The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
HSB 3,583 2,991.81 1 0.835 0.00
MMS 1,419 2,838.00 1 2.000 0.00
SFC 466 3,461.70 2 7.400 5.71
GO 85,000 282,141.00 3 3.320 -0.60
GCL 21,190 11,183.73 5 0.530 0.00
MIA 5,026 24,880.96 6 4.980 3.32
MPC 37,656 18,873.00 3 0.500 0.00
PG 14,766 27,637.88 5 1.850 -1.60
BMIT 18,950 8,858.70 5 0.466 -2.10

The Corporate Bonds traded today were:

Closing Price % Change
4.4% Von der Heyden Group Finance plc Unsecured € 2024 100.000 0.00
6% International Hotel Investments plc € 2024 100.300 -1.76
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026 97.500 0.00
4% International Hotel Investments plc Secured € 2026 102.000 2.00
5% Dizz Finance plc Unsecured € 2026 98.000 0.00
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026 99.000 0.51
3.25% AX Group plc Unsec Bds 2026 Series I 100.000 0.00
4% Eden Finance plc Unsecured € 2027 102.000 2.00
3.75% Virtu Finance plc Unsecured € 2027 103.000 0.00
3.75% Bortex Group Finance plc Unsecured € 2027 102.000 2.00
4.85% Melite Finance plc Secured € 2028 80.000 -18.37
3.75% AX Group plc Unsec Bds 2029 Series II 101.500 1.00
3.5% Bank of Valletta plc € Notes 2030 S1 T1 101.600 0.10
4% Cablenet Communication Systems plc Unsecured € 2030 101.000 1.00

The Government Stocks traded today were:

Closing Price % Change
4.8% MGS 2028 (I) 135.950 -0.09
4.5% MGS 2028 (II) 133.450 -0.08
2.3% MGS 2029 (II) 119.000 0.00
5.25% MGS 2030 (I) 148.000 0.00
5.2% MGS 2031 (I) 148.850 -0.10

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].