RS2 trades 3% higher
MSE Daily Trading Report, 02 November, 2020
| MSE Equity Total Return Index | 7,115.494 points | 0.11% |
|---|---|---|
| MSE Malta Government Stocks Total Return Index | 1,137.250 points | 0.50% |
| MSE Corporate Bonds Total Return Index | 1,081.854 points | 0.08% |
- The only positive performer was RS2 Software plc as it closed 3% higher at €2.06. The equity was also the most liquid as total turnover stood at €31,104. This was the result of four deals involving 15,099 shares.
- The worst performers were GlobalCapital plc (-7.4%), Malta Properties Company plc (-1.9%) and Bank of Valletta plc (-1.1%).
- Bank of Valletta plc issued its interim directors’ statement.
- The Covid-19 situation continued to strongly influence the activities of the bank during the third quarter of the year.
- Elements of improvement over the second quarter were experienced as restrictions were eased, but the prolongation of the situation entails overall lower business volumes and revenues compared to last year.
- The bank is regularly reviewing credit loss provisions and developing strategies to support customers who start to experience material difficulties.
- The bank is expecting some tailwinds during the second half of the year as we see a recovery to P&L from the settlement of the Swedish Pension Agency ‘Falcon Fund’. A reinforced focus on recoveries of long-standing lending assets previously written off is leading to positive outcomes.
- The Bank has extended over €200 million to its clients under its COVID-19 Assist scheme supported by the Malta Development Bank. Demand for home loans also picked up lately after the slowdown earlier in the year.
- Corporate deposits decreased marginally in the recent months in line with the Bank’s de-risking initiatives. This was offset by growth in the retail sector as personal spending was generally subdued.
- The bank’s capital and liquidity positions remained very strong as the Group continues to prioritise the optimisation of regulatory capital. Significant progress was registered in the risk management and compliance activities.
- Click here to download announcement.
The Equities traded today were:
| Symbol Code | Volume Traded | Value Traded | Trades | Closing Price | % Change |
| BOV | 8,382 | 7,292.34 | 2 | 0.870 | -1.14 |
|---|---|---|---|---|---|
| HSB | 13,700 | 9,727.00 | 3 | 0.710 | 0.00 |
| GO | 3,582 | 10,407.80 | 2 | 2.900 | 0.00 |
| IHI | 3,000 | 1,488.34 | 2 | 0.500 | 0.00 |
| GCL | 233 | 116.50 | 1 | 0.500 | -7.41 |
| RS2 | 15,099 | 31,103.94 | 4 | 2.060 | 3.00 |
| MPC | 2,500 | 1,227.00 | 2 | 0.510 | -1.92 |
The Corporate bonds traded today were:
| Closing Price | % Change | |
| 6% Medserv plc Sec. & Grntd € Notes 2020-2023 S1 T1 | 97.500 | -2.01 |
|---|---|---|
| 4.4% Von der Heyden Group Finance plc Unsecured € 2024 | 100.000 | 0.00 |
| 5% Tumas Investments plc Unsecured € 2024 | 101.500 | 0.00 |
| 5.1% 6PM Holdings plc Unsecured € 2025 | 101.150 | 0.00 |
| 5.25% Central Business Centres plc Unsecured € 2025 S2T1 | 101.990 | 1.99 |
| 4% International Hotel Investments plc Secured € 2026 | 100.000 | 0.50 |
| 3.75% Premier Capital plc Unsecured € 2026 | 100.650 | 0.65 |
| 3.25% AX Group plc Unsec Bds 2026 Series I | 100.250 | 0.00 |
| 4% International Hotel Investments plc Unsecured € 2026 | 97.000 | -1.77 |
| 3.75% Mercury Projects Finance plc Secured € 2027 | 100.250 | -2.67 |
| 4.35% SD Finance plc Unsecured € 2027 | 99.000 | 0.00 |
| 4% Eden Finance plc Unsecured € 2027 | 99.950 | 0.00 |
| 5% MeDirect Bank Plc Subordinated Unsecured € 2022-2027 | 100.000 | 0.00 |
| 4% Stivala Group Finance plc Secured € 2027 | 101.000 | -0.49 |
| 3.75% Bortex Group Finance plc Unsecured € 2027 | 100.030 | -0.22 |
| 4.15% Phoenicia Finance Company plc Unsecured € 2023-2028 | 94.000 | -1.05 |
| 4% SP Finance plc Secured EUR Bonds 2029 | 99.000 | -2.94 |
| 3.75% TUM Finance plc Secured € 2029 | 101.960 | -0.19 |
| 4.25% Mercury Projects Finance plc Secured € 2031 | 100.500 | -1.04 |
The Government Stocks traded today were:
| Closing Price | % Change | |
| 5% MGS 2021(I) | 104.060 | -0.01 |
|---|---|---|
| 4.3% MGS 2022 (II) | 107.060 | -0.07 |
| 5.1% MGS 2022(I) | 109.650 | -0.12 |
| 4.8% MGS 2028 (I) | 135.890 | -0.21 |
| 4.5% MGS 2028 (II) | 134.060 | -0.01 |
| 2.3% MGS 2029 (II) | 127.000 | -0.78 |
| 5.25% MGS 2030 (I) | 147.000 | 0.71 |
| 5.2% MGS 2031 (I) | 149.770 | -0.13 |
| 4.65% MGS 2032 (I) | 146.160 | -0.16 |
| 4.45% MGS 2032 (II) | 144.160 | 0.13 |
| 2.5% MGS 2036 (I) | 130.000 | 5.64 |
| 2.1% MGS 2039 (I) | 129.750 | -0.76 |
| 3% MGS 2040 (I) | 147.000 | 0.34 |
| 2.4% MGS 2041 (I) | 138.000 | 1.06 |
The Prospects MTF bonds traded today were:
| Closing Price | % Change | |
| 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 | 99.990 | -0.01 |
|---|---|---|
| 5.5% Testa Finance plc € Bonds 2029 | 98.700 | 0.00 |
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 info@jesmondmizzi.com.