Sovereign debt market down yet again

MSE Daily Trading Report, June 12, 2018

The Malta Government Stocks expierenced another negative session, as out of the 11 active issues 10 declined, while one one headed into positive territory. The 5.2% MGS 2031 (I) was in fact the sole issue which closed in the black, adding on 0.11% to its price, to settle at €141.75. The 2.1% MGS 2039 (I) was the most liquid, as 16 transactions managed to generate a turnover of €800,922. The bond price of this issue continued drifting lower – this time by 0.36%, to close at €100.19.

In the corporate debt market, a total of 24 issues were active of which; seven gained ground, while six closed in negative territory. The 3.9% Plaza Centres plc Unsecured € 2026 closed 0.51% higher at €100.56. Meanwhile, 3.75% Virtu Finance plc Unsecured € 2027 registered the weakest performance during the session - losing 0.72% of its price, to close at €103.               

The MSE Total Return Index  continued were it left off yesterday as it closed0.114% lower at 8,647.119 points. Out of a total of nine active issues, two gained ground, while three headed south. A total turnover of € 167,111 was generated over 31 transactions.

Bank of Valletta plc fell by another 0.86%, as seven trades generating a total turnover of €16,819, saw the price of the equity settle at €1.73. On the contrary, HSBC Bank Malta plc shares closed the session 0.55% higher at €1.82.

International Hotel Investments plc shares closed the session in negative territory, as 30,324 traded shares split between 10 deals, saw the equity settle at the €0.69 price level.

Meanwhile, RS2 Software plc saw the price of the equity add on 1.7%, to close the session at €1.17. A total turnover of €76,388 was generated over four transactions.

In the property sector, a single transaction of 1,500 shares  in MIDI plc  yielded a 0.93% decrease in price, to close the session at €0.426.

Elsewhere, Lombard Bank Malta plc, GO plc, Global Capital plc and Malta International Airport plc were also active but remained unchanged.


Equity Trades

 

Symbol Code

Volume Traded

Value Traded

 

Trades

Closing Price

% Change

BOV

9,705

16,819.23

7

1.730

-0.86%

HSB

8,283

15,075.06

1

1.820

0.55%

LOM

1,600

3,616.00

1

2.260

0.00%

GO

500

1,700.00

1

3.400

0.00%

IHI

30,324

20,975.93

10

0.690

-0.72%

GCL

3,000

1,020.00

1

0.340

0.00%

MIA

6,144

30,877.20

5

5.050

0.00%

RS2

66,424

76,388.60

4

1.170

1.74%

MDI

1,500

639.00

1

0.426

-0.93%



Corporate Bond Trades

  

 

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

101.500

0.00%

5.35% Bank of Valletta plc Sub € 2019

102.500

-0.01%

5% GlobalCapital plc Unsecured € 2021

100.750

0.97%

4.9% Gasan Finance Company plc € 2019-2021

103.620

0.00%

5.8% International Hotel Investments plc 2021

105.700

0.00%

5% Mediterranean Investments Holding plc Unsecured € 2022

102.600

0.49%

6% Medserv plc Sec. & Grntd €  Notes 2020-2023 S1 T1

101.510

0.01%

5.3% United Finance Plc Unsecured € Bonds 2023

105.700

-0.28%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

102.100

0.10%

5.3% Mariner Finance plc Unsecured € 2024

110.670

0.00%

5.1% 1923 Investments plc Unsecured € 2024

104.000

-0.24%

5.75% International Hotel Investments plc Unsecured € 2025

109.800

0.27%

4.5% Hili Properties plc Unsecured € 2025

106.000

0.00%

4.35% Hudson Malta plc Unsecured € 2026

104.900

0.00%

4.25% Corinthia Finance plc Unsecured € 2026

104.500

0.00%

4% MIDI plc Secured € 2026

104.200

0.43%

4% International Hotel Investments plc Secured € 2026

104.500

-0.11%

3.9% Plaza Centres plc Unsecured € 2026

100.560

0.51%

3.75% Premier Capital plc Unsecured € 2026

104.000

0.00%

4.35% SD Finance plc Unsecured € 2027

104.500

0.00%

3.75% Virtu Finance plc Unsecured € 2027

103.000

-0.72%

3.75% Bortex Group Finance plc Unsecured € 2027

103.950

0.00%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.750

-0.25%



Government Stock Trades

 

 

Closing Price

% Change

5% MGS 2021(I)

115.100

-0.05%

4.3% MGS 2022 (II)

115.490

-0.07%

4.5% MGS 2028 (II)

129.450

-0.25%

2.3% MGS 2029 (II)

107.890

-0.56%

5.2% MGS 2031 (I)

141.750

0.11%

4.65% MGS 2032 (I)

136.050

-0.11%

4.45% MGS 2032 (II)

133.640

-0.11%

2.5% MGS 2036 (I)

107.440

-0.39%

2.1% MGS 2039 (I)

100.190

-0.36%

3% MGS 2040 (I)

115.500

-0.47%

2.4% MGS 2041 (I)

104.800

-0.39%



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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