Negative Sentiment Prevails

MSE Daily Trading Report, August 6, 2018

The MSE Equity Total Return Index closed the session 0.078% lower at 8,723.114points. 10 equites were active during the session of which;four headed lower andone closed in green. A total turnover of €286,202was generated over 46 transactions.

Shares of Mapfre Middlesea plc closed the session 2% negatively at €1.96, as 9,278 shares exchanged hands. Similarly, GO plc’s equity price lost 0.59%, to close the session at €3.36. Plaza Centres plc and MIDI plc were the other two equities to head south, as they declined by 0.96% and 0.42% respectively, to close at €1.03 and €0.48.

HSBC Bank Malta plchas today released it’s interim results, reporting a profit before tax of €16.2 million - a decline of €9.8 million over over the same period last year. A gross interim dividend of €0.04 per share is being reccomended. Despite the decrease in profitability the bank, expects to sustain a 65% dividend payout policy. This on the basis that the bank has now largely completed it’s complaince overhaul and de-risking operations. Additonally strong cost efficiency improvement was cited together with increases in net loans and customer deposits. The bank has now commenced a transition of growth and value creation. The bank traded unchanged at €1.89, over 12 exchanges of 43,954 shares.

International Hotel Investments plc  was the sole equity to record an increase in price - up  0.77% to close at €0.655.

All other active equities, Bank of Valletta plc,Malta International Airport plc, RS2 Software plc and PG plc closed unchanged.

Moving on to the Corporate Debtmarket, 11 issues were active. Three issues closed the session lower while another three closed higher. The 5.75% Central Business Centres plc Unsecured € 2021 S1T1 recorded the highest appreciation, as the bond went up by 0.95% to close the session at €106.

The Sovereign Debt market had a positive session as out of 14 active issues, 13 gained ground while one declined. The 4.8% MGS 2028(I) fell by 0.14%, to end the session at €131.18. The best performance was registered by the 3% MGS 2040 (I), as it closed 0.52% higher at €115.50.


Equity Trades

 

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

49,822

79,981.25

19

1.600

0.00%

HSB

43,954

82,372.61

12

1.890

0.00%

MMS

9,278

18,184.88

3

1.960

-2.00%

GO

1,000

3,360.00

1

3.360

-0.59%

IHI

1,550

1,007.98

2

0.655

0.77%

PZC

475

489.25

1

1.030

-0.96%

MIA

900

5,130.00

1

5.700

0.00%

RS2

1,871

2,226.49

1

1.190

0.00%

MDI

111,000

53,250.00

4

0.478

-0.42%

PG

30,000

40,200

2

1.340

0.00%



Corporate Bond Trades

 

 

Closing Price

% Change

5.75% Central Business Centres plc Unsecured € 2021 S1T1

106.000

0.95%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

102.500

0.59%

5.1% 1923 Investments plc Unsecured € 2024

103.000

0.00%

5.1% 6PM Holdings plc Unsecured € 2025

92.000

0.00%

4.25% Corinthia Finance plc Unsecured € 2026

104.000

0.00%

4% International Hotel Investments plc Secured € 2026

103.500

0.00%

3.75% Premier Capital plc Unsecured € 2026

103.000

0.00%

4% International Hotel Investments plc Unsecured € 2026

103.500

-0.48%

4% Stivala Group Finance plc Secured € 2027

103.900

-0.10%

3.75% Virtu Finance plc Unsecured € 2027

103.500

0.10%

3.85% Hili Finance Company plc Unsecured € 2028

101.750

-0.05%



Government Stock Trades

 

 

Closing Price

% Change

5% MGS 2021(I)

114.560

0.18%

4.8% MGS 2028 (I)

131.180

-0.14%

4.5% MGS 2028 (II)

128.770

0.02%

2.3% MGS 2029 (II)

107.580

0.43%

5.1% MGS 2029 (I)

136.330

0.02%

5.25% MGS 2030 (I)

139.400

0.23%

5.2% MGS 2031 (I)

140.920

0.25%

4.65% MGS 2032 (I)

135.450

0.33%

4.45% MGS 2032 (II)

132.780

0.28%

4.3% MGS 2033 (I)

131.490

0.07%

4.1% MGS 2034 (I)

129.680

0.26%

2.5% MGS 2036 (I)

107.550

0.35%

2.1% MGS 2039 (I)

100.260

0.26%

3% MGS 2040 (I)

115.500

0.52%



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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