MSE Trading Report for Week ending 10 June 2022

 

MSE Equity Total Return Index: 

Highlights:

The MSE Equity Total Return Index (MSE) declined by 1.1%, to end the week at 7,877.867 points. A total of 15 equities were active, two of which gained ground, while another eleven closed in the opposite direction. Weekly turnover stood at just over €0.6m and was generated across 83 transactions. On a year-to-date basis, the MSE is down by 4%.

In the banking industry, Bank of Valletta plc (BOV) recorded a 2.8% decline, adding to the previous week’s decline. The equity traded on 19 occasions, for a total turnover of €35,115. BOV finished the week at €0.86, and is down by 4.4% since the beginning of the year.

Its peer, HSBC Bank Malta plc (HSBC) joined the list of fallers, as seven transactions worth a total of €24,308, dragged the price 4.5% to close at the €0.75 price mark. Earlier this week, HSBC shares traded at a weekly high of €0.77.

The share price of Malta International Airport plc retracted by 0.8% or €0.05. Three deals worth €43,506 were executed, as the share price of the airport operator closed at €5.95.

In the telecom sector, GO plc registered a decline of 3.1%, to close at €3.10, after trading at a weekly high of €3.16. This was achieved over eight transactions in which a total of 56,420 shares changed hands.

The food and beverage company, Simonds Farsons Cisk plc (SFC) kicked off the week with two significant drops last Monday and Wednesday. SFC partially erased the decline after advancing by 25% last Thursday, ultimately ending the week 1.1% lower at €8.75. SFC was the most liquid equity during the week, after 18 deals worth €239,852 were recorded.

In the IT Sector, RS2 Software plc Preference Share (RS2P) was the worst performing equity. RS2P fell by 8.3% as a result of a sole trade involving 2,000 shares, to end the week at €1.54.

In the properties sector, AX Real Estate plc gained 0.9% to €0.55, albeit on thin volume – as 19 trades were executed over a sole deal.

Malta Properties Company plc started the week in negative territory, ultimately closing the week 1% lower at €0.515. This was the outcome of 6,240 shares exchanged across four deals.

On the contrary, four transactions of 17,926 Trident Estate plc shares, pushed the share price 8.3% higher, making it the best performing equity this week. The equity finished the week at the €1.44 level.

In the same sector, a single transaction of trivial volume pushed the share price of Hili Properties plc lower by 4.2% to €0.23.

Meanwhile, Tigne Mall plc (TML) and International Hotel Investments plc (IHI) ended the week flat at €0.70 and €0.73, respectively. Three transactions of 12,411 TML shares and six transactions of 23,964 IHI shares were executed.

Last Thursday, IHI held its AGM, where all resolutions on the agenda were approved.

Grand Harbour Marina plc was active on the final trading session, as two transactions of 16,500 shares dragged the share price 2.8% lower. The equity closed the week at €0.70.

A sole deal of 19,700 M&Z plc shares, sent the share price 2% lower to the €0.755 level.

Shares in PG plc lost 0.9%, to end the week at €2.22. Five trades worth €40,865 were executed.

The board of PG plc announced that it shall be meeting on June 28, 2022 in order to consider and approve the distribution of an interim dividend for the financial year ended April 30, 2022.

Meanwhile, the board of VBL plc announced that the dividend payment will be affected on June 24, 2022.

In the fixed-income market, the MSE MGS Total Return Index declined by 1.3%, as it closed at 964.372 points. A total of 14 issues were active, 13 of which declined, while one closed unchanged. The worst performers were the 5.1% MGS 2029 (I) and the 2.10% MGS 2032 (IV), as both lost 3.4%, ending the week at €119.95 and €98.34 respectively.

The MSE Corporate Bonds Total Return Index closed 0.3% higher, as it reached 1,143.459 points. Out of 41 active issues, 10 registered gains while another 13 lost ground. The 3.8% Hili Finance Company plc Unsecured € 2029 headed the list of gainers, as it closed 2.2% higher at €99.80. On the other hand, the 3.75% Virtu Finance plc Unsecured € 2027 was this week’s worst performer, as it closed 1.7% lower to €100.11.

In the Prospects MTF market, five issues were active. The 5% HH Finance Plc Unsecured Euro Bonds 2023-2028 and the 5% Borgo Lifestyle Finance plc Secured Callable 2026-2029 were the most liquid with a total turnover of €5,970 each.

 

Upcoming Events 
14 June 2022 MT: FIMBank plc – AGM Best Performers:
15 June 2022 MT: Bank of Valletta plc – Shareholders Meeting TRI +8.27%
16 June 2022 MT: MIDI plc – AGM AXR +0.92%
16 June 2022 MT: Malita Investments plc – AGM MIA -0.83%
17 June 2022 MT: Tigne Mall plc – AGM
22 June 2022 MT: Plaza Centres plc – AGM Worst Performers:
23 June 2022 MT: Malita Investments plc – Dividend Payment Date RS2P -8.33%
23 June 2022 MT: Simonds Farsons Cisk plc – AGM HSB -4.46%
24 June 2022 MT: LifeStar Holding plc – AGM HIL -4.17%

 

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]