MSE Trading Report for Week ending 30 December 2021

• The MSE Equity Total Return Index (MSE) moved higher, as investors’ sentiment improved during the last trading week of the year, despite the surge in Covid-19 cases globally. This week’s gain sent the local equity index above the 8,000 points level for the first time since mid-November, to end the year at 8,199.397. A total of 18 equities were active, as 13 moved higher and Grand Harbor Marina plc (GHM) was the only equity to close in the red. During the week the two major banks were the most active issues. Nearly €0.4m were traded across all traded equities.
• This week marks the close of trading for 2021. During the year the MSE declined by 3.2% while in terms of new entrants, four new equities were added to the main market list of the MSE.
• In the banking sector, Bank of Valletta plc (BOV) shares gained 3.5%, as 22 transactions worth nearly €65,500 were recorded. The banking equity closed the week at €0.90 and hence down by 5.3% during the year.
• Two contrasting sessions in HSBC Bank Malta plc (HSBC) cancelled out each other, as the equity closed flat. The equity declined on Monday and recovered mid-week to return to the €0.92 level, this week’s closing price. HSBC was the most liquid equity, as a turnover of €67,256 was generated over 14 deals. HSBC was the only banking equity to finish the year higher, as it gained 2.2%.
• Lombard Bank Malta plc closed the week with a 6% gain to finish at €1.95, albeit on insignificant volumes.
• Malta International Airport plc traded on a slim volume, with only 1,105 shares changing hands. The share price of the airport operator oscillated between a weekly low of €5.70 and a high of €6, this week’s closing price.
• GO plc and its subsidiary BMIT Technologies plc (BMIT) both ended the week in positive territory. The telecommunications company advanced by €0.10 to the €3.36 price level, as two transactions of 455 shares were recorded on Monday. No further trades were recorded during the remaining trading sessions. Meanwhile, BMIT was active during three sessions and finished the week up by 1.7%, as 10 transactions of 33,500 shares were executed.
• RS2 Software plc Ordinary shares traded 1.2% higher to the €1.74 level on Thursday after touching a daily low of €1.71. A total of 14,505 shares were traded across six transactions. The equity closed the year down by 13%.
• PG plc closed the short trading week flat at €2.40, as two small trades of 4,140 shares were executed. The share price of the retail conglomerate closed the year among the top performers with a 20% increase.
• International Hotel Investments plc ended the week in the green, as the equity’s price surged by nearly 9% to finish the year at the €0.62 level. Five transactions of 25,500 shares and worth €15,100 were executed.
• The food and beverages company, Simonds Farsons Cisk plc (SFC) was this week’s best performing equity, as it advanced by 16.3% to the €9.65 level. SFC shares had a volatile week, as during Tuesday’s trading session the equity’s price jumped by 15.3% to €9.80. On Thursday a volatile session for SFC shares, saw the share price decline to €8 and only recovering to the €9.65 level in the dying minutes of the trading session. Since the beginning of the year SFC shares gained nearly 24%.
• In the fixed income market, activity was concentrated in the Corporate Bonds Market, as 64 transactions worth almost €0.7m were executed. A total of 26 bonds were traded, as the 3.5% Bank of Valletta plc € Notes 2030 S2 T1 was the most liquid issue. This bond ended the week at €104. The 4% MIDI plc Secured € 2026 closed at €103.25, as five deals worth €63,509 were recorded. The MSE Corporate Bonds Total Return Index finished the year at 1,149.11 points and hence up by 5% during 2021.
• On the sovereign debt front, only two Malta Government Bonds were traded, as the 4.5% MGS 2028 (II) was the most liquid issue and closed the week at €131. Since the beginning of the year the MSE MGS Total Return Index shed 4.2%.
• In the Prospects MTF Market activity was spread across three issues with the 4.75% KA Finance plc Secured Callable Bonds 2026-2029 being the most active issue. The bond closed the week at €95.

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. The Company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group. 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]