July 13, 2017 - Sovereign recoups lost ground

It was a positive session in the sovereign debt market.  10 active issues marched forward in terms of price levels.  A total of 21 deals were struck, which marked a total market turnover of €1.3m. The top gainer, by 1.6 per cent was the G41A issue.

The MSE Index recuped from yesterday’s losses as it increased up to 4,713.296 points – a 0.283 per cent increase.  Out of 11 active shares, six closed higher, two closed lower while International Hotel Investments plc, Malita Invetments plc and PG plc traded unchanged. 79 deals generated a total market turnover of €569,000.

The two fallers of today’s session were Bank of Valletta plc and Malta Properties Company plc.  Both equity prices experienced a slight dip of €0.004 and €0.001, to close at €2.175 and €0.51 respectively. 

Plaza Centres plc was the top gainer in today’s session as 11 transactions pushed the share price up by a staggering 14.9 per cent, to close at €1.149.   Following suite were GO plc, HSBC Bank Malta plc and Mapfre Middlesea plc as all equities closed higher at €3.50, €2.068 and €1.87.

55,500 RS2 Software plc tradedshares resulted in a 0.3 per cent appreciation of the share price, to close at €1.845.  Closing in similar territory was Malta International Airport plc.  Despite recording positive traffic results, 11 exchanges marginally increased the share price by €0.01, to close the session at €4.15.

On the corporate debt front, performance was generally unchanged as out of the 14 active issues, four depreciated, five ticked higher and the rest stayed put. The 4.25% Gap plc Secured € 2023 registered the best performance for the day, as price increased by 1.1 per cent, to close at €103.


The Equities traded today were:-

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

28,302

61,541.34

10

2.175

-0.18%

HSB

25,458

52,405.56

7

2.068

0.83%

MMS

2,374

4,435.64

3

1.870

0.54%

GO

11,678

40,808.77

8

3.500

0.29%

IHI

26,802

16,081.20

5

0.600

0.00%

PZC

198,300

198,629.60

11

1.149

14.90%

MIA

20,950

86,942.50

11

4.150

0.24%

RS2

55,500

100,748.98

16

1.845

0.33%

MLT

5,150

3,759.50

2

0.730

0.00%

MPC

884

451.68

4

0.510

-0.20%

PG

2,500

3,250.00

2

1.300

0.00%



The Corporate Bonds traded today were:-

 

Closing Price

% Change

4.8% Bank of Valletta Plc Sub € 2020

103.000

-0.96%

5% GlobalCapital plc Unsecured € 2021

99.450

0.45%

5% Mediterranean Investments Holding plc Unsecured € 2022

102.760

-0.23%

6% Pendergardens Developments plc Secured € 2022 Series II

109.000

0.00%

4.25% GAP Group plc Secured € 2023

103.000

1.13%

6% AX Investments Plc € 2024

110.010

0.00%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

100.000

0.00%

6% Island Hotels Group Holdings plc € 2024

107.000

0.94%

5% Hal Mann Vella Group plc Secured Bonds € 2024

103.000

-0.01%

5.1% PTL Holdings plc Unsecured € 2024

101.500

0.00%

4.5% Hili Properties plc Unsecured € 2025

104.000

-0.01%

4% International Hotel Investments plc Secured € 2026

102.500

0.49%

4.35% SD Finance plc Unsecured € 2027

103.010

0.00%

3.75% Tumas Investments plc Unsecured € 2027

102.100

0.05%



The Government Stocks traded today were:-

 

Closing Price

% Change

3% MGS 2019 (III)

106.660

0.09%

5% MGS 2021(I)

119.400

0.04%

5.1% MGS 2022(I)

123.920

0.03%

2.3% MGS 2029 (II)

107.000

0.43%

5.25% MGS 2030 (I)

141.020

0.31%

4.65% MGS 2032 (I)

136.600

0.15%

2.5% MGS 2036 (I)

104.210

0.39%

2.1% MGS 2039 (I)

97.120

0.12%

3% MGS 2040 (I)

112.170

0.68%

2.4% MGS 2041 (I)

100.850

1.59%



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 jesmond.mizzi@jesmondmizzi.com

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