MIA and HSBC shares close lower

MSE Daily Trading Report, 30 March, 2020

The MSE Equity Total Return Index closed lower as shares in Malta International Airport plc (MIA) and HSBC Bank Malta plc (HSBC) declined while shares in Bank of Valletta plc (BOV) closed flat. As a result the local equities’ index shed 1.5% to end the session at 7,761.132 points as turnover reached €427,000 across 85 trades.

MIA was the main contributor for today’s decline as the equity shed 4.6% or €0.24 to close a volatile session at €4.96. Throughout the session the equity’s price of the airport operator fluctuated between a daily high of €5.50 and a low of €4.80. Nearly 30 trades worth €152,000 were recorded.

HSBC shares lost 2.2% to end the day at €0.90. Five trades worth €9,000 were recorded as the equity’s price touched the €0.92 level earlier in the session. BOV shares closed flat at €0.86 after it failed to hold on to the €0.87 price. Almost €60,000 worth of trades were executed. Meanwhile, Lombard Bank plc shares gained 5% to end the trading day at €2.10.

In the retail sector, PG plc shares gained 6.3% or €0.10 as four trades of 7,400 shares were recorded. Main Street Complex plc edged marginally lower to €0.498 while Plaza Centers plc declined by 4% as one deal of 3,000 shares was recorded.

International Hotel Investments plc lost 6% to close the session at €0.535 as 10,000 shares changed hands over two deals. Thin trading in Simonds Farsons Cisk plc sent the equity’s price lower by 7.5% or €0.75 as the equity finished the day at €9.25.

Another deal of 500 shares in Trident Estates plc lowered the price to €1.28 while Malita Investments plc moved higher to €0.78.

GO plc shares closed flat at €3.90 after having traded at a daily high of €3.98. Trading value reached €39,000 across three deals. RS2 Software plc closed flat at €1.92 as 12 transactions worth €118,000 were executed.

Medserv plc shares declined by €0.04 to close at €0.96.

Turnover in the Sovereign Debt market reached €800,000. Local government bonds were generally higher as six gained, three closed flat and one closed lower. The 4.8% MGS 2028 and the 5.25% MGS 2030 almost gained 80 basis points to close at €137.22 and €147.14 respectively.

In the Corporate Debt market, 31 issues were active, as nine lost ground while eight gained. The 4% International Hotel Investments plc Secured € 2026 jumped by 2.6% while the 4.25% Mercury Projects Finance plc Secured € 2031 lost 300 basis points.

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 [email protected].