MSE Total Return index loses ground

MSE Daily Trading Report, August 10, 2017

The MSE Total Return Index erased the majority of yesterday’s gain as the index closed 0.935 per cent in the red, to close at 8,904.703 points. Out of the eight active issues half remained flat, three closed lower, while one headed north. A total turnover of €209,888 was generated among 53 trades.

The Major banks were the weakest performers during the session as HSBC Bank Malta plc shares and Bank of Valletta plc shares lost 4.4 per cent and one per cent of their value respectively. Albeit trading on mere volume which was worth less than €1,000, HSBC Bank Malta plc shares hit a near eight-month-low, to close at €1.91. On the other hand, Bank of Valletta plc shares closed at €2.04 following 29 trades of 80,273 shares.

Elsewhere, two trades totalling 3,000 shares in Mapfre Middlesea plc shares pushed the price down by 0.3 per cent, to close at €1.855.

On a positive note, ahead of the company’s interim results which are to be issued later on today, PG plc shares established a fresh all-time-high at €1.40. A total turnover of €22,657 was generated between six transactions.

GO plc, Malta Properties Company plc, Malta International Airport plc and Loqus Holdings plc closed unchanged at €3.60, €0.50, €4.22 and €0.175 respectively.

Yesterday, Tigne Mall plc announced that the Board of Directors of the Company approved the Group Interim Unaudited Financial Statements for the six-month period ended 30 June 2017.

The group registered a profit before tax of €1.56million compared to €1.42 m registered in in the same period in 2016. Revenue from leasing of property for the period under review amounted to €2.93 million, an increase of 3.4% from 2016. Meanwhile, earnings per share increased to €0.019 from the €0.014 registered in 2016.

The Directors have also declared an interim net dividend payment of €726,150 (2016: €705,000) or €0.0128 per share.  The interim dividend will be paid on 31 August 2017 to shareholders on the Company’s register at the Central Securities Depositary of the Malta Stock Exchange at close of business on 17 August 2017.

Also, yesterday the Board of Directors of FIMBank plc met to approve the Consolidated and the Bank’s Interim Financial Statements for the six months ended 30 June 2017.

 

The group registered a profit before tax of $4.23million compared to $2.15million registered in in the same period in 2016. Operating income for the period under review amounted to $25.69 million, an increase of 20,9% from 2016. Meanwhile, earnings per share increased to $1.32 from the $0.38 registered in 2016. The Directors did not declare any dividend.

Both equities were inactive during the session, despite registering positive results.

On thesoverign debt front, a total of 13 issues were active, of which seven closed higher, four closed lower and two closed flat. The 4.3% MGS 2033 (I) registered the strongest performance during the session, as the bond price increased by 0.5 per cent to close at €135.59.

In the corporate debt market a total of 10 issues were active during the session. Out of these, five closed lower, three headed north and two closed unchanged. The 6% AX Investments Plc € 2024 registered the highest appreciation - that of 2.1 per cent, to close at €113.50.


The Equities traded today were:-

 

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

80,273

164,339.73

29

2.040

-0.97%

HSB

486

928.26

1

1.910

-4.40%

MMS

3,000

5,567.55

2

1.855

-0.27%

GO

2,200

7,897.12

6

3.600

0.00%

MIA

1,160

4,895.20

1

4.220

0.00%

MPC

6,800

3,410.00

6

0.500

0.00%

PG

16,188

22,657.82

6

1.400

0.07%

LQS

1,100

192.50

2

0.175

0.00%



The Corporate Bonds traded today were:

 

 

Closing Price

% Change

5.8% International Hotel Investments plc 2021

106.500

-0.14%

6% AX Investments Plc € 2024

113.500

2.07%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

99.990

-0.01%

5.3% Mariner Finance plc Unsecured € 2024

105.760

-0.69%

5.75% International Hotel Investments plc Unsecured € 2025

105.560

0.00%

4.5% Hili Properties plc Unsecured € 2025

105.100

0.10%

4% International Hotel Investments plc Unsecured € 2026

101.500

0.00%

4.35% SD Finance plc Unsecured € 2027

102.500

-0.47%

4% Eden Finance plc Unsecured € 2027

102.500

-0.49%

3.75% Tumas Investments plc Unsecured € 2027

103.750

0.24%



The Government Stocks traded today were:-

 

 

Closing Price

% Change

4.6% MGS 2020 (II)

112.490

-0.05%

5.1% MGS 2022(I)

124.370

-0.02%

1.5% MGS 2027 (I)

102.560

-0.27%

2.3% MGS 2029 (II)

108.940

0.05%

5.1% MGS 2029 (I)

140.000

0.00%

5.2% MGS 2031 (I)

144.530

0.21%

4.65% MGS 2032 (I)

138.940

0.00%

4.3% MGS 2033 (I)

135.590

0.45%

4.1% MGS 2034 (I)

132.470

0.04%

2.5% MGS 2036 (I)

106.500

0.38%

2.1% MGS 2039 (I)

99.290

-0.08%

3% MGS 2040 (I)

114.570

0.40%

2.4% MGS 2041 (I)

102.700

0.34%



 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.

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