MSE index edges lower in a quiet trading session

MSE Daily Trading Report, October 16, 2017

The MSE Equity Total Return Index edged 0.106% lower as it kicked off the week with a somewhat uneventful trading session in which only three equities experienced a change in their share price.  The index closed at 8,978.833 points after a total turnover of just €76,497 was generated over 20 deals.

Almost two-thirds of the turnover was generated by Bank of Valletta plc, as 24,126 shares changed hands over 11 deals. These resulted in a 1.43% drop in share price, as it closed the session at €2.07 - making it the only equity to experience a downward movement. Elsewhere in the banking industry, HSBC Bank Malta plc featured in two dealswhile Fimbank plc traded once, but none of these transactions had an impact on the price of either equity.

MIDI plc topped the list of gainers during the session by registering a 3.23% share price. This gain was the outcome of a single deal involving 3,500 shares.

GO plc also performed well as it’s share priceincreased by 1.67% to settle at €3.53. A combined 2,400 shares were traded throughout the session over two deals.

International Hotel Investments plc, Medserv plc and Maltapost plc were all active on slim volume, however the three equities traded flat.

Corporate debt started the week with a strongly as out of the eleven active issues, five posted gains while only one lost ground. The best performer was the 3.5% Bank of Valletta plc € Notes 2030 S1 T1 which moved upwards by 0.49%. On the other side of the coin, the 4% International Hotel Investments plc Secured € 2026 was the only issue to trade in negative territory by posting a 0.43% loss.

A similar story can be said with regards to sovereign debt, as eleven out of the twelve active issues had a positive session. Chief among these was the 2.5% MGS 2036 which registered a gain of 0.44%. Conversely, the 6.6% MGS 2019 registered the only negative movement, a devaluation of 0.04%.


The Equities traded today were:-

 

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

24,126

50,490.81

11

2.070

-1.43%

HSB

1,541

2,927.90

2

1.900

0.00%

GO

2,400

8,477.90

2

3.530

1.67%

IHI

1,000

614.00

1

0.614

0.00%

FIM

6,622

3,924.98

1

0.700

0.00%

MDS

2,993

3,771.18

1

1.260

0.00%

MTP

2,611

5,169.78

1

1.980

0.00%

MDI

3,500

1,120.00

1

0.320

3.23%



The Corporate Bonds traded today were:-

 

 

Closing Price

% Change

3.5% Simonds Farsons Cisk plc Unsecured € 2027

105.000

0.00%

4.25% Bank of Valletta plc € Notes 2019 Series 2 Tranche 1

103.250

0.05%

6% Pendergardens Developments plc Secured € 2022 Series II

106.000

0.00%

4.25% GAP Group plc Secured € 2023

102.990

0.48%

5.3% Mariner Finance plc Unsecured € 2024

106.650

0.00%

5.1% PTL Holdings plc Unsecured € 2024

103.500

0.00%

4% International Hotel Investments plc Secured € 2026

102.950

-0.43%

4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026

103.010

0.01%

4.35% SD Finance plc Unsecured € 2027

102.990

0.00%

4.5% Grand Harbour Marina plc Unsecured € 2027

104.480

0.46%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

99.990

0.49%



The Government Stocks traded today were:-

 

 

Closing Price

% Change

6.6% MGS 2019

112.460

-0.04%

5% MGS 2021(I)

118.790

0.02%

2.3% MGS 2029 (II)

108.780

0.12%

5.25% MGS 2030 (I)

142.270

0.13%

5.2% MGS 2031 (I)

143.380

0.13%

4.45% MGS 2032 (II)

134.860

0.05%

4.3% MGS 2033 (I)

133.920

0.06%

4.1% MGS 2034 (I)

132.190

0.33%

2.2% MGS 2035 (I)

104.250

0.01%

2.5% MGS 2036 (I)

107.470

0.44%

2.1% MGS 2039 (I)

100.680

0.04%

3% MGS 2040 (I)

116.150

0.13%



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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