MSE Index lower on muted activity

MSE Daily Trading Report, 27 May, 2021


MSE Equity Total Return Index 8,244.091 points -0.06%
MSE Malta Government Stocks Total Return Index 1,119.553 points -0.03%
MSE Corporate Bonds Total Return Index 1,126.280 points 0.41%


  • During today’s session, four equities were active, two of which declined while another two remained unchanged.
  • The worst performers were BMIT Technologies plc (-2%) and Malta Properties Company plc (-0.9%).
  • BMIT Technologies plc was the most liquid as it generated a total turnover of €25,852. Eight deals involving 53,400 shares were executed.


  • GO plc was granted approval for the prospectus relating to the 3.5% unsecured bonds with an aggregate principal amount of up to €60m.
    • The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €59.2m.
    • Circa €36m will be used to repay the borrowings outstanding with the European Investment Bank, around €20m will be used for capital expenditure and the remaining €3.2m will be used for general corporate funding purposes. The offer period is from June 3 to June 18, 2021.
    • The company also held its Annual General Meeting. The annual report and financial statements for the year ended December 31, 2020 comprising the financial statements and the directors’ and auditors’ reports thereon were approved. Moreover, the payment of a net dividend of €0.16 per share was also approved.
    • Click here to download announcement.
  • Medserv plc published its interim report. Revenue for the first quarter of year 2021 was lower than that registered last year. This is expected to be recovered in the second half of the year as offshore drilling projects postponed in year 2020 due to the COVID19 pandemic are scheduled to resume in the Mediterranean basin later this year. The OCTG segment is expected to register improved revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) beginning second quarter 2021. Reporting in the second half of the year will include the revenues and EBITDA of Regis Holdings Limited. This will mainly be categorised as ILSS and derived from the Sub-Saharan region.
    • Despite the turmoil experienced in these last twelve months the Company strengthened its business pipeline both organically and through acquisition. The Company’s objective is to continue to deliver value to its customers. This current environment demands a new operating model of better collaboration and integration across all the players within the supply chain.
    • The introduction of new equity and increase of energy demands in parallel with the recoverability of the global economy should enable the Company to improve its financial performance and return to profits, as highlighted in the recently published prospective financial information for the years ending 31 December 2021 and 2022.
    • Click here to download announcement.


    • The Company also announced that following the contract awarded to Medserv Egypt Oil & Gas Services JSC by BP Exploration Limited (BP), the Company is pleased to announce that Medserv Egypt has been awarded a second contract by BP. The contract will take effect in June 2021 for a term of three years with an option for BP to extend the term by a further year.
    • It is expected that this contract will be serviced through Medserv’s internal resources and will not require major capital expenditure. The Company continues to secure new business in this significant and growing Eastern Mediterranean energy bloc.
    • Click here to download announcement.


The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
MIA 1,093 6,995.20 2 6.400 0.00
RS2 65 130.00 1 2.000 0.00
MPC 8,242 4,450.68 1 0.540 -0.92
BMIT 53,400 25,852.20 8 0.480 -2.04


The Corporate bonds traded today were:

  Closing Price % Change
3.65% GAP Group plc Secured € 2022 102.000 0.00
5.5% Mediterranean Investments Holding plc Unsecured € 2023 100.000 -0.02
4.4% Von der Heyden Group Finance plc Unsecured € 2024 100.010 0.00
5.1% 1923 Investments plc Unsecured € 2024 102.500 0.00
4.25% Best Deal Properties Holding plc Secured € 2024 104.000 0.00
4% Shoreline Mall plc Secured € 2026 101.000 0.00
4% International Hotel Investments plc Unsecured € 2026 101.750 2.74
4.35% SD Finance plc Unsecured € 2027 102.000 1.38
4% SP Finance plc Secured EUR Bonds 2029 101.500 -3.33
3.65% Stivala Group Finance plc Secured € 2029 102.100 -0.05


The Government Stocks traded today were:

  Closing Price % Change
5.1% MGS 2029 (I) 142.000 0.00
5.2% MGS 2031 (I) 148.000 0.00
4.3% MGS 2033 (I) 142.160 0.42
4.1% MGS 2034 (I) 141.000 -0.15
2.5% MGS 2036 (I) 123.000 0.00
2.1% MGS 2039 (I) 127.000 0.00
3% MGS 2040 (I) 135.000 -0.74


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]