Major banks drag MSE Index into the red

MSE Daily Trading Report, 23 September, 2020

 

MSE Equity Total Return Index7,328.199 points-0.28%
MSE Malta Government Stocks Total Return Index1,128.914 points-0.05%
MSE Corporate Bonds Total Return Index1,073.215 points0.08%

 

  • The only positive performer was Simonds Farsons Cisk plc (+4.23%).
  • The worst performers were HSBC Bank Malta plc (-5%) and Bank of Valletta plc (-0.93%).
  • The most liquid equity was Bank of Valletta plc as it traded 10 times over a spread of 19,790 shares, worth €16,912.

 

  • PG plc announced that the fourth Annual General Meeting shall be held on October 15, 2020.
    • The audited financial statements for the financial year ended April 30, 2020, and
      the auditors’ report thereon, are to be received and approved.
    • Click here to download announcement.
  • During a meeting held earlier on today, Simonds Farsons Cisk plc approved the group’s unaudited interim financial statements and directors’ report for the six months ended July 31, 2020.
    • Overall turnover for the six-month period to July 31, 2020, amounted to €36.8 million compared with €53.3 million for the same period last year. This translates to a decrease of 31%.
    • A 77% decline in profit before tax was recorded when compared to the €7 million generated in July 2019.
    • Earnings per share decreased to €0.053 for the six-month period when compared to €0.213 the previous year.
    • Given the current circumstances, the board does not deem that it would be appropriate to declare an interim dividend at this time. The extent of a final dividend distribution, if any, shall be determined on the basis of the full year results and the circumstances prevailing at that time.
    • The board also approved for publication the Financial Analysis Summary (FAS) in accordance with the requirements of the Listing Authority Policies in relation to the €20 million 3.50% Unsecured Bonds 2027 issued by the company in 2017.
    • Click here to download announcement.

 

The Equities traded today were:

Symbol CodeVolume TradedValue TradedTradesClosing Price% Change
BOV19,79016,911.71100.852-0.93
HSB17,25013,115.0040.760-5.00
SFC6204,582.0027.4004.23
MIA9654,612.7024.7800.00


T
he Corporate Bonds traded today were:

 Closing Price% Change
3.65% GAP Group plc Secured € 2022100.810-0.67
5.8% International Hotel Investments plc 2023100.000-0.30
5.3% Mariner Finance plc Unsecured € 2024105.000-0.47
5% Hal Mann Vella Group plc Secured € 2024103.000-2.74
5.1% 1923 Investments plc Unsecured € 2024100.0000.00
4% MIDI plc Secured € 2026100.3000.30
4% International Hotel Investments plc Secured € 202698.220-1.29
5% Dizz Finance plc Unsecured € 202698.0000.00
4.8% Mediterranean Maritime Hub Finance plc Unsecured € 202699.0000.00
4% International Hotel Investments plc Unsecured € 202699.9401.97
3.75% Mercury Projects Finance plc Secured € 2027100.520-0.01
3.75% Tumas Investments plc Unsecured € 2027100.1200.12
4% Stivala Group Finance plc Secured € 2027101.950-0.05
3.85% Hili Finance Company plc Unsecured € 202899.9800.00
4% SP Finance plc Secured EUR Bonds 2029101.0000.00
3.8% Hili Finance Company plc Unsecured € 202998.8001.86
4% Cablenet Communication Systems plc Unsecured € 2030101.750-0.25
4.5% Shoreline Mall plc Secured € 2032102.0000.99


The Government Stocks traded today were
:

 Closing Price% Change
5.2% MGS 2031 (I)149.370-0.42
4.65% MGS 2032 (I)145.000-0.68
4.3% MGS 2033 (I)143.8100.25
2.1% MGS 2039 (I)130.0000.00

 

The Prospects MTF Bonds traded today were:

No trades recorded.

 

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].