Corporate and Sovereign bond yields move in opposite directions

 MSE Daily Trading Report, July 04, 2018

The MSE Total Return Index was up 0.214% during a very positive session, to close at 8,743.383 points. A total of nine equities were active,as five securities posted gains while not a single equity traded in negative territory. An impressive turnover of €1,085,975was generated over 85 transactions.

In the banking industry, Bank of Valletta plc posted a modest gain of 0.29%, reaching €1.745. A total of 29,848 shares were exchanged over 13 transactions.

In the same sector, HSBC Bank Malta plc followed suit as eight transactionsof a combined 50,700 shares,pushed the share price up by 0.55% to €1.84.FIMBank plc was also active on slim volumes, however the equity closed unchanged at $0.54.

Malta International Airport plctraded eight times,as 70,600 shares changed hands. As a result, the equity climbed 0.4%,to a price of €5.00.

The top performer of the session was property firm, Malita Investments plc, as shares hiked 3.47% to €0.895. Trading volume amounted to 16,067 shares across a couple of deals.

MIDI plc also enjoyed a positive session-climbing 0.41% to €0.49. This was the outcome of five transactions of 91,240 sharesin total.

Telecommunications company, GO plc was the most liquid equity,as a turnover of €515,720 was generated over 6 deals. The equity however closed unchanged at €3.44.

Elsewhere, RS2 Software plc and Trident Estates plc both closed unchanged at €1.23 and €1.31 respectively,despite trading on slim volume.

In the sovereign debt market, a total of 11 issues were active of which;seven advanced and three lost ground. The long-dated2.4% MGS 2041 (I)topped the list of gainers with a 0.95% increase in value, closing the session at € 106.50. Meanwhile, the 5.2% MGS 2031 (I) closed 0.08% lower at €142.78.

Yields in the corporate debt market moved in the opposite direction. A total of 18 issues were active during the session of which;nine declined and only tthree posted gains. The 4.25% GAP Group plc Secured € 2023 was up by 0.49% to €103. On the other hand, the 4.5% Hili Properties plc Unsecured € 2025 was the worst performer, as the price fell by 2.37%, to close at € 103.99.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

29,848

51,960.77

13

1.745

0.29%

HSB

50,700

93,288.00

8

1.840

0.55%

GO

150,000

515,720.20

6

3.440

0.00%

FIM

13,400

5,986.22

3

0.540

0.00%

MIA

70,600

352,964.88

8

5.000

0.40%

RS2

5,675

6,940.25

3

1.230

0.00%

MDI

91,240

44,613.09

5

0.490

0.41%

MLT

16,067

14,379.97

2

0.895

3.47%

TRI

93

121.83

1

1.310

0.00%



The Corporate Bonds traded today were:

 

Closing Price

% Change

4.8% Bank of Valletta Plc Sub € 2020

102.260

0.01%

5% GlobalCapital plc Unsecured € 2021

100.000

-1.95%

5% Mediterranean Investments Holding plc Unsecured € 2022

101.510

0.00%

4.25% GAP Group plc Secured € 2023

103.000

0.49%

5.3% United Finance Plc Unsecured € Bonds 2023

106.020

0.30%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

102.850

0.00%

5.1% 1923 Investments plc Unsecured € 2024

103.990

-0.01%

5.1% 6PM Holdings plc Unsecured € 2025

93.000

-1.06%

4.5% Hili Properties plc Unsecured € 2025

103.990

-2.37%

4.5% Medserv plc Unsecured € 2026

100.000

-0.74%

4.35% Hudson Malta plc Unsecured € 2026

104.500

-0.19%

4% International Hotel Investments plc Secured € 2026

102.750

-1.19%

4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026

104.000

-0.95%

3.75% Premier Capital plc Unsecured € 2026

103.500

-0.48%

4.5% Grand Harbour Marina plc Unsecured € 2027

104.750

0.00%

4% Stivala Group Finance plc Secured € 2027

104.000

0.00%

3.75% Bortex Group Finance plc Unsecured € 2027

103.000

0.00%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

101.000

0.00%



The Government Stocks traded today were:

 

Closing Price

% Change

4.6% MGS 2020 (II)

108.400

-0.04%

5% MGS 2021(I)

115.080

-0.05%

4.3% MGS 2022 (II)

115.720

0.12%

4.5% MGS 2028 (II)

130.400

0.05%

5.2% MGS 2031 (I)

142.780

-0.08%

4.45% MGS 2032 (II)

134.570

0.48%

2.2% MGS 2035 (I)

104.940

0.33%

2.5% MGS 2036 (I)

109.120

0.00%

2.1% MGS 2039 (I)

101.310

0.25%

3% MGS 2040 (I)

117.440

0.05%

2.4% MGS 2041 (I)

106.500

0.95%



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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