HSBC and IHI drag MSE index lower

MSE Daily Trading Report, March 12, 2018

The MSE Equity Total Return Index traded in negative territory today as it posted considerable losses of 0.525%, finishing the session at 8,602.811points. A number of equities traded on slim volumes during the session as 14 equties were active,of which four traded higher and two moved lower. Total turnover in the equity market amounted to €209,792 spread over 44 trades.

The banking sector was a major catalyst for the weak session as HSBC Bank Malta plc turned ex div today and a result drifted 5.15% lower to €1.84. A total of six deals were registered as 14,223 shares changed hands. Bank of Valletta plc closed unchanged at €1.83, despite being the most liquid equity as 24,463 shares were exchanged over 12 deals.

The worst performer of the session was International hotel Investments plc as a single transaction worth just €1,697 shaved a sizable 6.45% off the share price, down to €0.58.

On the other hand, Mapfre Middlesea plc enjoyed a strong session as it put on 3.26%, reaching a price of €1.90. This was the outcome of five deals in which 8,050 shares traded.

The largest gains were recorded by MIDI plc which increased in value by 3.59% to €0.346, albeit on slim volume.

Its peer, Malita Investments plc shares were traded three times, generating a turnover of €19,666. The equity closed at a price of €0.86, translating to a gain of 0.58%.

In the oil sector, Medserv plc also traded in positive territory gaining 0.87%, closing at €1.16. Trading volume totalled 4,300 shares over two deals.

In the corporate debt market, out of 15 active issues, seven headed north while one closed lower. The 4% Stivala Group Finance plc Secured € 2027 was the strongest performer, as it closed 1.95% higher, at €103.99. On the other side of the spectrum, the 4.25% GAP Group plc Secured € 2023 registered a fall of 0.24%.

The sovereign debt market experienced a weak session as out of 18 active issues, 12 lost ground while only six advanced. The 3% MGS 2040 topped the list of fallers as it depreciated by 0.47% at €117.22. The only exception was the 2.3% MGS 2029 as it advanced by a minimal 0.66% at €108.96.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

24,463

44,723.33

12

1.830

0.00%

HSB

14,223

26,193.28

6

1.840

-5.15%

MMS

8,050

15,289.54

5

1.900

3.26%

SFC

100

695.00

1

6.950

0.00%

GO

3,660

13,176.00

2

3.600

0.00%

IHI

2,926

1,697.08

1

0.580

-6.45%

MIA

2,000

9,880.00

3

4.940

0.00%

MDS

4,300

4,988.00

2

1.160

0.87%

GHM

9,400

6,862.00

1

0.730

0.00%

MTP

9,351

17,854.40

2

1.900

0.00%

RS2

17,000

22,031.74

4

1.300

0.00%

MDI

8,600

2,975.60

1

0.346

3.59%

MLT

23,000

19,665.58

3

0.860

0.58%

PG

17,600

23,760.00

1

1.350

0.00%



The Corporate Bonds traded today were:

 

Closing Price

% Change

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

101.510

0.01%

7.5% MeDirect Bank plc Subordinated Bonds EUR 2019

105.750

0.00%

5.5% Pendergardens Developments plc Secured € 2020 Series I

105.950

0.43%

4.25% GAP Group plc Secured € 2023

103.750

-0.24%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

99.000

0.00%

5.1% 1923 Investments plc Unsecured € 2024

104.500

0.00%

4% MIDI plc Secured € 2026

104.250

0.24%

4% International Hotel Investments plc Secured € 2026

104.000

0.00%

3.75% Premier Capital plc Unsecured € 2026

104.050

0.05%

4.35% SD Finance plc Unsecured € 2027

104.250

0.00%

4% Eden Finance plc Unsecured € 2027

104.000

0.91%

3.75% Tumas Investments plc Unsecured € 2027

104.120

0.01%

4% Stivala Group Finance plc Secured € 2027

103.990

1.95%

3.75% Virtu Finance plc Unsecured € 2027

103.000

0.00%

3.75% Bortex Group Finance plc Unsecured € 2027

103.000

0.00%



The Government Stocks traded today were:

 

Closing Price

% Change

6.6% MGS 2019

109.470

-0.18%

4.6% MGS 2020 (II)

109.450

-0.06%

5% MGS 2021(I)

116.390

-0.03%

4.3% MGS 2022 (II)

117.000

-0.03%

5.5% MGS 2023 (I)

126.590

-0.06%

4.8% MGS 2028 (I)

133.390

0.20%

4.5% MGS 2028 (II)

130.560

-0.34%

2.3% MGS 2029 (II)

108.960

0.66%

5.25% MGS 2030 (I)

141.000

0.03%

5.2% MGS 2031 (I)

142.250

-0.08%

4.65% MGS 2032 (I)

136.260

-0.18%

4.45% MGS 2032 (II)

133.520

0.20%

4.3% MGS 2033 (I)

132.680

-0.07%

4.1% MGS 2034 (I)

131.150

0.23%

2.5% MGS 2036 (I)

108.500

-0.46%

2.1% MGS 2039 (I)

102.000

0.19%

3% MGS 2040 (I)

117.220

-0.47%

2.4% MGS 2041 (I)

106.470

-0.03%



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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