MSE Trading Report for Week ending 29 November 2024
Movement in Equity and Bond Indices: |
The MSE Equity Total Return Index finished relatively flat with a marginal 0.04% decline, ending the week at 8,487.344 points. Out of 22 active equities, four advanced, while another 12 fell. A total of 214 transactions registered a turnover of €0.89m.
The MSE Corporate Bonds Total Return Index registered a 0.1% gain, as it reached 1,181.705 points. Out of 63 active issues, 18 headed north, while another 29 closed in the opposite direction. The 4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026 issue recorded the best performance, up by 5.4%, to close at €95. Conversely, the 5% Von der Heyden Group Finance plc Unsecured € 2032 lost 3%, ending the week at €97.
The MSE MGS Total Return Index headed north, closing 0.7% higher at 950.885 points. Out of 24 active issues, 19 increased in value while another two headed south. The 2.60% MGS 2047 topped the list of gainers, as it closed 8.6% higher at €84.94. On the other hand, the 5.1% MGS 2029 closed 0.6%, lower at €110.
Market Highlights: |
MedservRegis plc finished as the week’s the best performer, after recording a double-digit gain of 22.5%. The equity closed at a high of €0.60, despite trading at a weekly low of €0.49. This was the outcome of 15 transactions involving 135,868 shares worth €70,055.
Bank of Valletta plc failed to maintain the previous week’s momentum, declining by 0.6% to close at €1.70. The equity traded within a range of €1.69 to €1.71. Weekly activity involved 156,322 shares exchange across 40 deals worth €266,021.
The share price of HSBC Bank Malta plc fell by 0.7%, erasing the previous week’s gain, to close at €1.45. A total of nine deals involving 16,430 shares were executed, recording a total turnover of €23,824.
APS Bank plc traded flat at a weekly low of €0.55, before recording a gain of 4.6% and closing at €0.575. Trading activity rose on Friday following the Company’s announcement, with 36 trades in which 138,157 shares were exchanged, recording a turnover of €77,279.
FIMBank plc encountered a 2.9% decline to close off the week at $0.165. This was the outcome of three deals worth $3,030.
Mapfre Middlesea plc joined the list of losers, declining by 4.4% to €1.31. This was the outcome of a single trade worth €1,047.
The share price of PG plc slipped by 1.6%, ending the week at €1.90. A total of 8,188 shares exchanged ownership across five trades, resulting in a weekly turnover of €15,558.
Malita Investments plc posted a 5% gain to close at €0.53. Trading activity was made up of 57,100 shares which changed hands across seven trades, generating a total value of €28,816.
GO plc saw its share price decline by 1.46%, ending the week at €2.70. The equity was active between €2.68 and €2.74. A total of 16 transactions of 18,500 shares generated a turnover of €50,010.
BMIT Technologies plc enjoyed a positive week, climbing by 5.4% to close at €0.35. The equity was active across seven deals of 44,666 shares, translating to a weekly turnover of €14,754.
Company Announcements: |
APS Bank plc declared and confirmed its interest in pursuing the acquisition of the 70.03% holding of HSBC Continental Europe in HSBC Bank Malta plc, and that it has accordingly submitted a non-binding offer to the ultimate parent, HSBC Holdings plc.
Furthermore, the Bank announced that it is financing the development of Roma Cruise Terminal’s facilities at the Port of Civitavecchia, Rome, co-owned by global cruise giants Costa Crociere, Marinvest, and Royal Caribbean. By the end of 2024, the terminal is set to host 840 ships and 3.5m passengers. The project includes the construction of Terminal Donato Bramante, a renewable energy-powered facility slated for completion in late 2025.
The Bank’s sustainability-focused proposal was chosen over leading Italian banks, reflecting its commitment to economic, social, and environmental growth. APS Bank CEO Marcel Cassar and Roma Cruise Terminal CEO Franco Ronzi signed the financing agreement last Monday.
HSBC Bank Malta plc announced that HSBC Holdings plc, its majority shareholder, has received interest from potential buyers for its 70.03% shareholding. To proceed, the bank will seek shareholder approval at an EGM to disclose necessary information for due diligence.
HSBC Holdings confirmed no decisions have been made, and all options remain under review.
The board of PG plc resolved to distribute a net interim dividend of €2.75m equivalent to €0.0254630 per ordinary share. The board will be convening on December 19, 2024, to consider, and if deemed fit, approve the interim unaudited financial statements for the six-month financial period ended October 31, 2024.
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]