MSE Trading Report for Week ending 8 November 2024

Movement in Equity and Bond Indices:

The MSE Equity Total Return Index headed south, as it settled at 8,553.705 points, reflecting a 0.1% decline. A total of 22 equities were active, eight of which registered gains while another seven lost ground. Total activity remained at €0.9m as 138 transactions were dealt.

The MSE MGS Total Return Index declined by 0.3% to 940.317 points. A total of 19 issues were active, as four registered gains while 12 fell. The 2.3% MGS 2029 was the best performer, as it closed 2% higher at €100. On the other hand, the 3% MGS 2040 lost 5%, ending the week at €95.

The MSE Corporate Bonds Total Return Index fell by 0.1% to 1,180.639 points. Out of 60 active issues, 19 advanced while another 24 closed in the red. The 4% International Hotel Investments plc Unsecured € 2026 was the best performer, as it closed 2.4% higher at €99.36. Conversely, the 4% International Hotel Investments plc Secured € 2026 headed the list of fallers, as it closed 2.5% lower at €97.51.

 

Market Highlights:

Malta International Airport plc saw an increase of 1.7% in its share price. The equity closed at a weekly high of €5.95. A total of nine transactions of 2,545 shares generated a turnover of €15,073.

Bank of Valletta plc experienced a minor dip of 0.6%, ending the week at €1.77. The banking equity traded between a weekly high of €1.78 and a low of €1.75. A total of 43 trades involving 226,026 shares were executed, recording the highest weekly turnover of €400,144.

HSBC Bank Malta plc saw a marginal decline of 0.7%, partially erasing the previous week’s 2.8% gain. The banking equity closed at €1.45. A total of 11 transactions generated a turnover of €40,694 as a result of 28,072 shares.

APS Bank plc experienced a decrease of 1.7%. The equity closed at €0.57 as 10 transactions involving 53,543 shares generated a turnover of €30,085.

LifeStar Holding plc faced a sharp decline of 60% in its share price, finishing the week at €0.40. This was the result of a sole transaction worth just €80.

MaltaPost plc posted a double-digit gain of 20%, ending the week at €0.545. Trading activity was minimal as 4,500 shares exchanged hands across a single deal.

Malita Investments plc enjoyed a positive 3.9% movement in its share price, closing at €0.54. A total turnover of €2,909 was generated, as 5,418 shares were executed across two deals.

Malta Properties Company plc headed north, posting a 7.7% increase, to close at €0.366. Two deals of 7,000 shares generated a turnover of €2,562.

The share price of MIDI plc saw a 4.2% drop, closing at a weekly low of €0.23. Three transactions of 10,000 shares were executed, as turnover reached €2,343.

A sole transaction of 8,436 BMIT Technologies plc shares dragged the share price 2.8% lower. The equity settled at €0.35 as total turnover reached €2,953.

 

Company Announcements:

PG plc announced a board meeting on November 26, 2024 in order to consider and approve the distribution of an interim dividend for the financial year ending April 30, 2025.

M&Z plc announced that the Company has repurchased 500,000 shares of its own ordinary shares under the buy-back programme for an aggregate consideration of €300,000.

Malita Investments plc announced that during an EGM, the shareholders approved the removal of PricewaterhouseCoopers as auditors of the Company and appointed KPMG as auditors until the next AGM.

 

Market Movers by Sector:

 

 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 under the Investment Services Act by the MFSA and is a Member 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]