Increasing demand for BOV shares sends local equities higher

The MSE Equity Total Return Index jumped 1.1% as four equities, led by Bank of Valletta plc (BOV), closed higher. Turnover increased to €174,300 as eight equities were active. The local equities index closed the week at 9,369.558 points.

BOV shares gained 6.4% or €0.08 as the equity’s price oscillated between a daily low of €1.26 and a high of €1.33 – the session’s closing price. Demand for BOV shares increased to 90,000 shares traded over 23 deals worth €116,000 up from €29,400 yesterday. Earlier today the bank published its 2018 financial results, which showed a net profit of €51.4m after accounting for the €75m litigation provision which the bank had disclosed in the interim report of 2018.

GO plc shares closed back in positive territory with a 1.2% or €0.06 gain. The share price of the telecoms operator returned to the €4.96 level as two trades worth €10,200 were executed.

Thin trading in Malta International Airport plc and Mapfre Middlesea plc left the equities’ prices flat at €6.55 and €2.32. BMIT Technologies plc traded unchanged at €0.52.

In the property sector, Malita Investments plc gained almost 3% to finish the week at €0.885 while the final trade in Malta Post plc sent the equity 1.6% or €0.02 higher. Two transactions worth €12,600 were recorded.

On the downside Simonds Farsons Cisk plc shares shed 0.6% on insignificant volumes to end the week at €8.70 after touching a low of €7.40 earlier in the session.

Activity in the corporate bonds’ market was spread across 17 bonds with turnover reaching almost €0.7m. Both short and long-dated BOV bonds took the lion’s share of trading. Over €164,000 was traded in the 4.8% Bank of Valletta plc 2020 as the issue closed flat at €102.55. The long-dated 3.5% Bank of Valletta plc 2030 S2 T1 gained 10 basis points to finish at €99.85. The 4.35% SD Finance Unsecured 2027 lost nearly 50 basis points to return to the €103 price level.

In the sovereign debt market turnover reached €0.6m. The long-dated 3% MGS 2040 gained 41 basis points to €121.50.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

90,055

115,924.28

23

1.330

6.40%

MMS

2,184

5,066.88

1

2.320

0.00%

SFC

850

6,487.60

2

8.700

-0.57%

GO

2,050

10,169.00

2

4.960

1.22%

MIA

457

2,993.35

1

6.550

0.00%

MTP

10,000

12,599.61

2

1.260

1.61%

MLT

15,000

13,275.00

1

0.885

2.91%

BMIT

15,000

7,800.00

2

0.520

0.00%



The corporate bonds traded today were:

 

Closing Price

% Change

4.8% Bank of Valletta Plc Sub € 2020

102.550

0.00%

5.3% United Finance Plc Unsecured € Bonds 2023

106.500

0.76%

6% AX Investments Plc € 2024

113.000

2.73%

6% MeDirect Bank plc Subordinated Unsecured € 2019-2024

101.000

0.00%

5.1% 1923 Investments plc Unsecured € 2024

103.500

0.00%

4.25% Corinthia Finance plc Unsecured € 2026

103.990

0.00%

4% MIDI plc Secured € 2026

105.500

0.96%

4% International Hotel Investments plc Secured € 2026

104.200

0.00%

3.75% Premier Capital plc Unsecured € 2026

104.000

0.00%

4.35% SD Finance plc Unsecured € 2027

103.000

-0.47%

4.4% Central Business Centres plc Unsecured € 2027 S1/17 T1

103.000

-0.48%

3.75% Tumas Investments plc Unsecured € 2027

104.020

0.01%

3.5% Simonds Farsons Cisk plc Unsecured € 2027

106.000

0.00%

3.75% Bortex Group Finance plc Unsecured € 2027

103.000

0.49%

3.85% Hili Finance Company plc Unsecured € 2028

102.290

0.73%

3.5% Bank of Valletta plc € Notes 2030 S1 T1

100.000

-0.01%

3.5% Bank of Valletta plc € Notes 2030 S2 T1

99.850

0.10%



The Government Stocks traded today were:

 

 

Closing Price

% Change

6.6% MGS 2019

103.060

-0.13%

4.6% MGS 2020 (II)

105.160

-0.13%

5% MGS 2021(I)

112.140

-0.04%

5.1% MGS 2022(I)

117.220

0.19%

4.5% MGS 2028 (II)

132.000

-0.04%

2.3% MGS 2029 (II)

111.510

0.07%

4.65% MGS 2032 (I)

139.840

-0.04%

4.3% MGS 2033 (I)

136.180

-0.03%

4.1% MGS 2034 (I)

134.550

0.09%

2.1% MGS 2039 (I)

105.960

-0.04%

3% MGS 2040 (I)

121.500

0.41%



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