Large caps close in opposite direction
MSE Daily Trading Report, 19 November, 2020
| MSE Equity Total Return Index | 7,458.335 points | -0.33% |
|---|---|---|
| MSE Malta Government Stocks Total Return Index | 1,138.858 points | 0.08% |
| MSE Corporate Bonds Total Return Index | 1,083.961 points | 0.22% |
- The best performers were Malta International Airport plc (+1%), PG plc (+0.5%) and Bank of Valletta plc (+0.2%).
- The worst performers were BMIT Technologies plc (-2.9%), GO plc (-2.7%) and HSBC Bank Malta plc (-1.3%).
- The most liquid equity was PG plc as it generated a total turnover of €43,269. Five deals involving 23,000 shares were executed.
- Lombard Bank Malta plc announced its interim directors’ statement.
- The latest financial data available to the directors indicate that the ongoing COVID-19 pandemic negatively impacted some lines of business also during the third quarter of 2020.
- Consequently, profit before tax was lower than that registered for the same period in the previous year and it is expected that the financial results for the year will be subdued compared to the original targets
- Pressure on interest rates, including negative interest on prime quality assets, is expected to continue giving rise to a smaller interest margin.
- The overall financial position remains strong and there are no indications of significant deterioration in the bank’s assets.
- It is anticipated that worsening economic forecasts factored into the calculation of expected credit losses may well give rise to an increase in these allowances for 2020.
- The loan to deposit ratio meanwhile hovered around a prudent 65%, with customer deposits tending to grow faster than loans and advances
- MaltaPost plc, the bank’s main subsidiary, continued its operations uninterruptedly, with only minor disruptions mainly in deference to health and safety precautions.
- Click here to download announcement.
The Equities traded today were:
| Symbol Code | Volume Traded | Value Traded | Trades | Closing Price | % Change |
| BOV | 13,579 | 12,844.84 | 6 | 0.950 | 0.21 |
|---|---|---|---|---|---|
| HSB | 12,445 | 9,702.65 | 4 | 0.780 | -1.27 |
| MMS | 911 | 1,767.34 | 1 | 1.940 | 0.00 |
| GO | 5,400 | 15,836.00 | 2 | 2.920 | -2.67 |
| MIA | 2,850 | 15,112.50 | 5 | 5.250 | 0.96 |
| RS2 | 1,999 | 4,077.96 | 1 | 2.040 | -0.97 |
| PG | 23,000 | 43,269.25 | 5 | 1.890 | 0.53 |
| BMIT | 5,000 | 2,350.00 | 1 | 0.470 | -2.89 |
| HRV | 700 | 1,022.00 | 2 | 1.460 | 0.00 |
The Corporate bonds traded today were:
| Closing Price | % Change | |
| 5% Mediterranean Investments Holding plc Unsecured € 2022 | 98.200 | 0.00 |
|---|---|---|
| 5.5% Mediterranean Investments Holding plc Unsecured € 2023 | 100.000 | -2.34 |
| 6% AX Investments Plc € 2024 | 104.100 | 0.05 |
| 5% Tumas Investments plc Unsecured € 2024 | 102.600 | 2.09 |
| 5% Hal Mann Vella Group plc Secured € 2024 | 103.100 | -2.27 |
| 5.1% 1923 Investments plc Unsecured € 2024 | 100.000 | 0.00 |
| 5.75% International Hotel Investments plc Unsecured € 2025 | 100.160 | 0.56 |
| 4% MIDI plc Secured € 2026 | 102.000 | 2.00 |
| 4% Merkanti Holding plc Secured € 2026 | 101.450 | 0.00 |
| 3.25% AX Group plc Unsec Bds 2026 Series I | 101.000 | 0.00 |
| 3.75% Tumas Investments plc Unsecured € 2027 | 100.000 | -0.50 |
| 3.5% Simonds Farsons Cisk plc Unsecured € 2027 | 105.200 | 0.00 |
| 3.75% Virtu Finance plc Unsecured € 2027 | 103.000 | 0.00 |
| 3.75% Bortex Group Finance plc Unsecured € 2027 | 100.880 | -0.11 |
| 3.75% TUM Finance plc Secured € 2029 | 98.000 | -2.00 |
| 3.75% AX Group plc Unsec Bds 2029 Series II | 101.700 | 0.10 |
| 4% Cablenet Communication Systems plc Unsecured € 2030 | 103.980 | -0.01 |
| 4.25% Mercury Projects Finance plc Secured € 2031 | 101.990 | 0.00 |
| 4.5% Shoreline Mall plc Secured € 2032 | 100.000 | 0.00 |
The Government Stocks traded today were:
| Closing Price | % Change | |
| 1.5% MGS 2027 (I) | 109.250 | 0.00 |
|---|---|---|
| 4.5% MGS 2028 (II) | 134.370 | -0.24 |
| 2.3% MGS 2029 (II) | 121.200 | 0.17 |
| 5.2% MGS 2031 (I) | 150.400 | 0.17 |
| 4.1% MGS 2034 (I) | 144.900 | 0.00 |
| 2.1% MGS 2039 (I) | 127.000 | 1.60 |
The Prospects MTF bonds traded today were:
| Closing Price | % Change | |
| 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 | 99.200 | 0.46% |
|---|---|---|
| 4.75% Gillieru Investments plc Secured Bonds 2028 | 100.000 | 0.00% |
| 5% Borgo Lifestyle Finance plc Secured Callable 2026-2029 | 96.990 | -0.01% |
| 5% Smartcare Finance plc Secured € 2029 | 99.990 | -0.01% |
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].