Sovereign Bonds extend further gains

MSE Daily Trading Report, 13 August, 2019

The MSE Equity Total Return Index followed on yesterday’s direction as it closed 0.395%, lower at the 9,758.410 level. Activity was subdued, as the traded value stood at €152k, spread over seven equities.

Banking equities, Bank of Valletta plc and HSBC Bank Malta plc, headed in opposite direction. The former, retreated 0.93%, to close at €1.06, over 12 exchanges, with a total of 57,000 shares – Meanwhile HSBC shares closed 0.67% north at €1.50, over four deals of 22,564 shares.

Malita Investments plc headed the gainers, adding 1.19% to close at €0.85, over a trade of 5,000 shares. Conversely Simonds Farsons Cisk plc shares headed the fallers, as a single exchange, shaved off 2.97% off the equity to close at €9.80.

Shares of RS2 Software plc, closed at €1.94 retreating by 0.51%. The equity traded in the €1.90 – €1.94 range over three trades of 13,000 shares.  Hotelier’s shares International Hotels Investments plc drifted 1.32% lower closing at €0.7 over three exchanges worth €10,681. Elsewhere shares of Midi plc traded unchanged over two exchanges at €0.70.

In the Corporate Debt Market, activity spread over 14 bond issues, of which six headed into positive territory, while those trading unchanged and negative tallied to four a piece. The value traded stood in excess of €800,000, of which the 3.65% GAP Group plc Secured € 2022 bond took a lion’s share. A single trade in the 4% International Hotel Investments plc Secured € 2026 propped the bond by 1.77% to close at €103.89, making it the top gainer for the day.

In the Sovereign Debt Market, activity ramped up to reach a total value traded in excess of €1.4 million. Total trades tallied to 61, which were spread over 17, issues. The market trended in a positive direction, as 12 issues gained territory, two traded unchanged while three issues closed in the red.  Long dated issues attracted gains, with the 2.1% MGS 2039 (I) issue heading the gainers with a full 1.09% increase to close at €123.63.


The Equities traded today were:

Symbol Code

Volume Traded

Value Traded

Trades

Closing Price

% Change

BOV

57,000

60,450.00

12

1.060

-0.93%

HSB

22,564

33,534.72

4

1.500

0.67%

SFC

1,000

9,800.00

1

9.800

-2.97%

IHI

14,160

10,681.60

3

0.750

-1.32%

RS2

13,000

24,800.00

3

1.940

-0.51%

MDI

12,676

8,675.68

2

0.700

0.00%

MLT

5,000

4,250.00

1

0.850

1.19%



The Corporate Bonds traded today were:

 

Closing Price

% Change

5% GlobalCapital plc Unsecured € 2021

99.890

1.93%

3.65% GAP Group plc Secured € 2022

102.000

0.00%

6% Pendergardens Developments plc Secured € 2022 Series II

109.500

0.00%

4.25% Best Deal Properties Holding plc Secured € 2024

102.500

-0.24%

4.5% Hili Properties plc Unsecured € 2025

103.590

1.56%

5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026

100.390

-0.01%

4% MIDI plc Secured € 2026

105.000

0.48%

4% International Hotel Investments plc Secured € 2026

103.890

1.77%

4.35% SD Finance plc Unsecured € 2027

104.000

-0.34%

4% Eden Finance plc Unsecured € 2027

105.000

0.00%

4% Stivala Group Finance plc Secured € 2027

104.200

0.20%

4.15% Phoenicia Finance Company plc Unsecured € 2023-2028

103.800

-0.19%

3.75% TUM Finance plc Secured € 2029

102.250

0.25%

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)

103.400

-0.04%

5.2% MGS 2020 (I)

104.480

-0.04%

5% MGS 2021(I)

110.480

0.02%

5.5% MGS 2023 (I)

122.520

0.00%

4.8% MGS 2028 (I)

142.000

0.00%

4.5% MGS 2028 (II)

139.760

0.55%

5.1% MGS 2029 (I)

148.280

0.19%

5.25% MGS 2030 (I)

152.470

0.20%

5.2% MGS 2031 (I)

156.120

0.31%

4.65% MGS 2032 (I)

151.890

0.24%

4.45% MGS 2032 (II)

150.000

0.58%

4.3% MGS 2033 (I)

150.000

0.83%

4.1% MGS 2034 (I)

149.060

0.28%

2.5% MGS 2036 (I)

128.180

-0.64%

2.1% MGS 2039 (I)

123.630

1.09%

3% MGS 2040 (I)

140.500

0.72%

2.4% MGS 2041 (I)

129.640

0.68%



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 [email protected]

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