HSBC pushes index upwards by 0.222%

The MSE Total Return Index closed the session 0.222% higher at 8,901.802 points on a relatively quiet day in the equities market. Just six equities were active, of which one traded lower and another one posted a gain. Total turnover generated totalled €255,162, as 21 deals of a combined 131,143 shares were executed.

The driver for this performance was HSBC Bank Malta plc as it registered the only positive movement of the session, a 1.74% increase in value to reach the price of €1.75. A total of 94,192 shares changed hands across seven deals.

Its peer, Bank of Valletta plc oscillated between €1.27 and €1.28 across four trades of 18,625 shares, ultimately closing unchanged at €1.28.

On the other hand, the only negative movement was recorded by MaltaPost plc as the share price lost 2.34% to settle at €1.25. This was the outcome of two deals of a combined 2,000 shares.

Meanwhile, a couple of transactions of 9,400 RS2 Software plc shares had no impact on the share price of €1.47.

In the food and beverage sector, Simonds Farsons Cisk plc traded flat at €8.00 over three deals of 3,750 shares.

Similarly, Malta International Airport plc traded flat at €6.35 despite a traded volume of 3,176 shares over three trades,

The Sovereign bond market performance was predominantly positive, as seven issues closed higher and four traded lower. The 4.65% MGS 2032 (I) registered the weakest performance during the session - closing 0.36% lower, at €138. At the other end of the spectrum, the 3.3% MGS 2024 (I) posted a gain of 0.92% to close at€130.67.

In the corporate debt market, activity was spread across 21 issues, as gainers  amounted to five and fallers tallied to six. A single trade of €30,000 nominal 6% Pendergardens Developments plc Secured € 2022 Series II pushed the price 0.45% lower, to close at €103.60. On the other hand, a sole deal on slim volume in the4% Eden Finance plc Unsecured € 2027 shaved 1.28% off the bond price, to €103.60 .

The Equities traded today were:

The Corporate Bonds traded today were:

The Government Stocks traded today were:

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.