Positive sentiment sends local equities higher

MSE Daily Trading Report, June 05, 2018

The MSE Total Return Index gained a further 0.8% to close the day at 8,713.614 points. Nine equities were active as seven gained, RS2 Software plc shares traded flat at €1.17 and on the downside Malta Properties plc shed almost 2% to end the session at €0.54. Trading value across the equities’ market reached €306,000 as 32 transactions were executed.

In the banking sector, HSBC Bank Malta plc gained another 1.7% following yesterday’s 7.1% jump in its share price. The equity closed the day at €1.84.Four deals worth €117,500 were recorded. Bank of Valletta plc gained 0.6% or €0.01 to return to the €1.76 level as seven transactions of 41,550 shares were traded.

International Hotel Investments plc had another positive session as the equity gained another 3% to close at €0.68. Nearly 51,000 shares changed hands over eight deals. One deal of 3,000 shares in Grand Harbour marina plc shares sent the equity higher by 5.3% or €0.04. The equity closed at €0.79.

PG plc also also closed in positive territory with a by 3.2% gain as the equity regained the €1.29 price level. One deal of nearly 15,000 shares was recorded.Trident Estates plc also closed higher with a 1.6% gain to finish the session at €1.30 while Medserv plc gained 2% to close at €1.06. One deal of 12,000 shares was executed.

In the sovereign debt market, yields were generally lower (bond prices higher) as eight issues gained, three declinedand and the 2.1% MGS 2039 closed flat at 101.05. The long-dated 2.4% MGS 2041 gained 91 basis points to €106.13 while the 12-year 5.25% MGS 2030 gained 24 basis points.

Last week, the Treasury announced the €65 million issuance of the 62+ Malta Government Savings Bond for 2018, which may be increased by a further €35 million, given that there is sufficient demand. Applicants can be any individual born in the year 1956 or earlier. Existing holders of the 2017 bond issues may also apply, however preference shall be given to new applicants.

Turnover in the corporate debt market reached €0.3m as 14 issues were active. The 4.5% Hili Properties 2025 was the most liquid issue as three transactions worth €83,000 were recorded. The bond traded flat at €106.57. On a positive note the 3.75% Bortex Group Finance 2027 gained 2.4% to close at €103.95 while the 4.5% Grand Harbour Marina 2027 declined by 50 basis points.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

41,550

73,128.00

7

1.760

0.57%

HSB

63,834

117,454.56

4

1.840

1.66%

IHI

50,937

34,272.34

8

0.680

3.03%

MDS

12,000

12,720.00

1

1.060

1.92%

GHM

3,000

2,370.00

1

0.790

5.33%

RS2

32,930

38,528.10

6

1.170

0.00%

MPC

8,850

4,700.50

3

0.540

-1.82%

PG

14,860

19,169.40

1

1.290

3.20%

TRI

3,000

3,900.00

1

1.300

1.56%



The corporate bonds traded today were:

 

Closing Price

% Change

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

101.500

0.00%

4.25% GAP Group plc Secured € 2023

103.750

0.00%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

102.000

0.00%

5% Tumas Investments plc Unsecured € 2024

108.000

0.47%

5% Hal Mann Vella Group plc Secured Bonds € 2024

107.060

0.00%

4.5% Hili Properties plc Unsecured € 2025

106.570

0.00%

4% MIDI plc Secured € 2026

104.000

0.00%

3.75% Premier Capital plc Unsecured € 2026

104.770

0.00%

4% International Hotel Investments plc Unsecured € 2026

104.000

0.00%

4.35% SD Finance plc Unsecured € 2027

104.990

0.42%

4.5% Grand Harbour Marina plc Unsecured € 2027

104.500

-0.48%

3.75% Virtu Finance plc Unsecured € 2027

103.250

0.00%

3.75% Bortex Group Finance plc Unsecured € 2027

103.950

2.36%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.760

-0.24%



The Government Stocks traded today were:

 

Closing Price

% Change

5% MGS 2021(I)

115.460

0.07%

4.3% MGS 2022 (II)

115.890

0.03%

5.1% MGS 2022(I)

120.040

0.02%

4.8% MGS 2028 (I)

133.080

-1.44%

4.5% MGS 2028 (II)

130.410

0.21%

5.25% MGS 2030 (I)

141.100

0.24%

4.45% MGS 2032 (II)

134.190

-0.35%

4.3% MGS 2033 (I)

132.750

-0.17%

2.5% MGS 2036 (I)

108.720

0.19%

2.1% MGS 2039 (I)

101.050

0.00%

3% MGS 2040 (I)

116.960

0.13%

2.4% MGS 2041 (I)

106.130

0.91%



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.

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