MSE Index gains ground

MSE Daily Trading Report, 07 April, 2020

The MSE Equity Total Return Index recouped part of its previous loss as it closed 0.164% higher at 7,836.606 points. Eight equities were active, of which gainers and losers tallied to two a-piece. A total turnover of €258,878 was generated over 54 deals.

In the banking industry, Lombard Bank Malta plc headed the list of gainers, with a 5% change in price, as it closed at €2.10. Four deals involving 18,084 shares generated a total turnover of €36,206.

Its peers, Bank of Valletta plc and HSBC Bank Malta plc were both active but closed unchanged at €0.85 and €0.95. respectively. BOV registered the highest liquidity as total turnover stood at €74,672. A total of 88,230 shares changed hands across 18 deals. HSBC traded six times over a mix of 26,710 shares. A total turnover of €25,390 was recorded.

Retail conglomerate, PG plc, ended the session in positive territory at €1.69 – translating into a 3.68% increase. The equity executed two deals involving 2,036 shares, worth €3,441.

A sole deal of 205 Trident Estates plc shares dragged price by 4.48% into the red. The equity closed at €262.40 and generated minimal turnover.

GO plc also lost ground as it closed 0.53% lower at €3.78. A total turnover of €42,628 was generated as 11,260 shares changed ownership over four transactions. Meanwhile, its subsidiary, BMIT Technologies plc, closed flat at €0.49. Four deals involving 43,400 shares were executed, generating a total turnover of €21,082.

Malta International Airport plc was active but closed unchanged at €5.00. A total of 11,064 shares were spread over 15 deals, worth €55,198.

In the Sovereign Debt market, nine issues were active, of which five traded higher while another three closed in the red. The best performer was the 4.3% MGS 2033 (I) as it closed 5.31% higher at €151.98. Conversely, the 2.1% MGS 2039 (I) traded 0.39% lower at €129.00.

In the Corporate Debt market, out of 27 active issues, eight advanced while another 12 lost ground. The 4% International Hotel Investments plc Unsecured € 2026 registered the best performance as it closed 3.68% higher at €98.50. On the other hand, the 6% Mediterranean Investments Holding plc Euro 2021 dropped by 6.93% to €94.00.

In the Prospects MTF market, two issues headed north while another one closed unchanged. The 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 recorded the largest increase in price, as it closed 0.41% higher at 98.90.

The Equities traded today were:

The Corporate Bonds traded today were:

The Government Stocks traded today were:

The Prospects MTF bonds 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].