MSE Index remains flat on muted activity
MSE Daily Trading Report, 17 November, 2020
| MSE Equity Total Return Index | 7,461.810 points | 0.00% |
|---|---|---|
| MSE Malta Government Stocks Total Return Index | 1,139.560 points | 0.06% |
| MSE Corporate Bonds Total Return Index | 1,077.916 points | 0.03% |
- All six active equities traded flat during today’s session.
- The most liquid equity was Malta International Airport plc as it generated a total turnover of €9,707. This was the result of a sole deal of 1,849 shares.
- No Government Stocks were traded today.
- HSBC Bank Malta plc announced its interim directors statement for the nine-month period to September 30, 2020.
- Profit before tax was lower than the same period in 2019. Whilst results for the third quarter were better than those achieved in each of the prior two quarters, performance continues to be impacted by Covid-19.
- Revenue was negatively impacted by the pandemic, resulting in losses incurred by the HSBC Life Assurance subsidiary, mainly as a result of adverse market movements. Underlying net interest income was relatively stable compared to the same period last year.
- Expected credit losses were significantly higher than those reported in the same period last year as we assessed the likely impact of Covid-19 on our customers, reflecting the worsening forward economic outlook due to the pandemic.
- In line with the interim results, operating expenses were lower than the same period in 2019. This reduction reflects the implementation of the bank’s strategy announced in 2019 and a continued focus on cost management.
- Compared to December 2019, loans and advances to customers increased, driven by growth in mortgages, with commercial banking balances remaining stable at December 2019 levels.
- Customer deposits have increased since December 2019.
- The bank’s liquidity position remained exceptionally strong and regulatory capital ratios continued to exceed regulatory capital requirements.
- Click here to download announcement.
The Equities traded today were:
| Symbol Code | Volume Traded | Value Traded | Trades | Closing Price | % Change |
| BOV | 7,125 | 6,768.75 | 2 | 0.950 | 0.00 |
|---|---|---|---|---|---|
| HSB | 3,600 | 2,790.00 | 1 | 0.775 | 0.00 |
| GO | 3,002 | 8,705.80 | 2 | 2.900 | 0.00 |
| PZC | 9,395 | 8,690.38 | 1 | 0.925 | 0.00 |
| MIA | 1,849 | 9,707.25 | 1 | 5.250 | 0.00 |
| PG | 2,395 | 4,502.60 | 2 | 1.880 | 0.00 |
The Corporate bonds traded today were:
| Closing Price | % Change | |
| 5.8% International Hotel Investments plc 2021 | 99.000 | 0.00 |
|---|---|---|
| 5% Mediterranean Investments Holding plc Unsecured € 2022 | 98.200 | 0.20 |
| 5.8% International Hotel Investments plc 2023 | 100.500 | 0.00 |
| 6% AX Investments Plc € 2024 | 103.800 | 0.00 |
| 4.4% Von der Heyden Group Finance plc Unsecured € 2024 | 101.500 | 0.00 |
| 6% International Hotel Investments plc € 2024 | 100.050 | 0.05 |
| 5.75% International Hotel Investments plc Unsecured € 2025 | 99.600 | 0.05 |
| 5.1% 6PM Holdings plc Unsecured € 2025 | 101.200 | 0.00 |
| 4.25% Corinthia Finance plc Unsecured € 2026 | 96.000 | 0.00 |
| 5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026 | 98.990 | 0.00 |
| 4% Merkanti Holding plc Secured € 2026 | 101.450 | 0.00 |
| 4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026 | 100.000 | 1.01 |
| 3.75% Mercury Projects Finance plc Secured € 2027 | 99.990 | 0.00 |
| 4.35% SD Finance plc Unsecured € 2027 | 98.970 | -0.02 |
| 5% MeDirect Bank Plc Subordinated Unsecured € 2022-2027 | 100.000 | 0.01 |
| 4% SP Finance plc Secured EUR Bonds 2029 | 100.990 | 1.09 |
| 4.25% Mercury Projects Finance plc Secured € 2031 | 101.990 | 1.48 |
| 4.5% Shoreline Mall plc Secured € 2032 | 100.000 | -0.20 |
The Government Stocks traded today were:
No trades recorded.
The Prospects MTF bonds traded today were:
| Closing Price | % Change | |
| 5% JD Capital plc Unsecured € Bonds 2028 | 98.690 | -0.01 |
|---|---|---|
| 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 | 98.750 | -0.75 |
| 5% Smartcare Finance plc Secured € 2029 | 100.000 | 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].