Sovereign bonds gain momentum

MSE Daily Trading Report, November 30, 2018

 

The MSE Total Return Index declined by 0.237% to close at 8,917.034 points. Trading was spread across five issues. Two of the equities closed in the red, while the other traded issues closed unchanged.

GO plc shares declined by 2.5%, to close at €3.90. The equity shed €0.04 from its previous close as it traded over three exchanges of 28,075 shares. Shares of Plaza Centres Plc slid 0.97% lower, as two transactions brought the price to €1.02.

Both Bank of Valletta plc and HSBC Bank Malta plc shares closed unchanged at €1.32 and 1.80 respectively. Turnover among the two banking equities totalled €80,000. Elsewhere shares of RS2 Software plc traded flat at €1.15 over a single trade of 3,680 shares.

In the corporate debt market activity ramped up as 19 issues were active, of which nine fell, three gained territory and seven closed unchanged. Trading was spread over 35 trades worth €231,893. The 4% Stivala Group Finance plc Secured € 2027 and the 3.85% Hili Finance Company plc Unsecured € 2028 attracted a strong portion of the total trading volumes. Meanwhile the 5% Mediterranean Investments Holding plc Unsecured € 2022 headed the gainers list adding 1.98% to close at €103.00. The 3.75% Premier Capital plc Unsecured € 2026 tumbled 1.42% to close at €102.52.

In the sovereign debt market all active issues headed north. Trading in sovereigns, raked a total value of €661,973 over 38 exchanges. The 2.1% MGS 2039 (I) issue was the most active with 15 trades, as the issues closed 0.49% higher to close at €102.50.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

18,895

25,121.87

12

1.330

0.00%

HSB

30,347

54,624.60

4

1.800

0.00%

GO

28,075

109,388.00

3

3.900

-2.50%

PZC

9,295

9,480.90

2

1.020

-0.97%

RS2

3,680

4,232.00

1

1.150

0.00%



The Corporate Bonds traded today were:

 

Closing Price

% Change

5.35% Bank of Valletta plc Sub € 2019

100.750

0.00%

5.5% Mediterranean Investments Holding plc Unsecured € 2020

103.250

0.00%

5.8% International Hotel Investments plc 2021

107.000

0.00%

5% Mediterranean Investments Holding plc Unsecured € 2022

103.000

1.98%

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

102.740

-0.25%

5.8% International Hotel Investments plc 2023

106.000

0.00%

4.4% Von der Heyden Group Finance plc Unsecured € 2024

102.500

0.00%

5% Hal Mann Vella Group plc Secured € 2024

106.500

-0.37%

5.1% 1923 Investments plc Unsecured € 2024

104.000

0.01%

5.1% 6PM Holdings plc Unsecured € 2025

100.990

-0.01%

4.5% Hili Properties plc Unsecured € 2025

103.750

0.00%

4% International Hotel Investments plc Secured € 2026

103.510

-0.47%

4.8% Mediterranean Maritime Hub Finance plc Unsecured € 2026

103.000

0.78%

3.75% Premier Capital plc Unsecured € 2026

102.520

-1.42%

4% International Hotel Investments plc Unsecured € 2026

102.110

-0.86%

4% Eden Finance plc Unsecured € 2027

104.000

-0.01%

4% Stivala Group Finance plc Secured € 2027

103.480

-0.50%

3.85% Hili Finance Company plc Unsecured € 2028

102.500

0.00%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

99.990

-0.01%

5.35% Bank of Valletta plc Sub € 2019

100.750

0.00%

5.5% Mediterranean Investments Holding plc Unsecured € 2020

103.250

0.00%

5.8% International Hotel Investments plc 2021

107.000

0.00%

5% Mediterranean Investments Holding plc Unsecured € 2022

103.000

1.98%

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

102.740

-0.25%



The Government Stocks traded today were:

 

Closing Price

% Change

5% MGS 2021(I)

112.930

0.02%

4.3% MGS 2022 (II)

113.660

0.07%

4.5% MGS 2028 (II)

128.000

0.44%

2.3% MGS 2029 (II)

107.210

0.67%

5.1% MGS 2029 (I)

135.150

0.66%

5.25% MGS 2030 (I)

138.170

0.41%

5.2% MGS 2031 (I)

139.650

0.47%

4.1% MGS 2034 (I)

128.900

0.21%

2.2% MGS 2035 (I)

102.900

0.68%

2.5% MGS 2036 (I)

106.970

0.31%

2.1% MGS 2039 (I)

102.500

0.49%

3% MGS 2040 (I)

115.110

0.23%

2.4% MGS 2041 (I)

104.550

0.34%

5% MGS 2021(I)

112.930

0.02%

4.3% MGS 2022 (II)

113.660

0.07%



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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