IHI and PG lift MSE Index slightly higher

MSE Daily Trading Report, 16 April, 2020

The MSE Equity Total Return Index ended the session 0.101% higher to close at 8,008.344 points. A total of 10 equities were active, of which two advanced while another four lost ground. A total turnover of €267,034 was generated over 61 transactions.

The top performer was International Hotel Investments plc as it registered a 10.19% increase, to close at €0.595. Three deals involving 22,000 shares generated a total turnover of €13,090.

Malta International Airport plc was the most liquid as total turnover amounted to €109,518. A mix of 22,123 shared changed hands over 23 transactions, which did not alter the equity’s previous closing price of €4.96.

In the banking industry, Bank of Valletta plc traded eight times over a spread of 9,753 shares. Price closed unchanged at €1.01 and a total turnover of €9,857 was recorded.

Its peer, HSBC Bank Malta plc¸ ended the session 2.08% lower at €0.94. A total turnover of €49,731 was generated as eight deals involving 52,482 shares were executed.

Retail conglomerate, PG plc, was up by 0.59% as it reached the €1.70 price level. Three deals involving 14,311 shares were executed, worth €24,236.

Simonds Farsons Cisk plc headed the list of fallers as it closed 5% lower at €8.55. A total of 3,043 shares changed ownership across five transactions. Total turnover stood at €26,404.

Telecommunications company, GO plc, traded once on slim volume, resulting into a 2.02% decline in price. The equity ended the session at €3.88 and registered a total turnover of €1,552. Meanwhile, its subsidiary, BMIT Technologies plc, was active but closed unchanged at €0.49. Six deals involving 48,949 shares generated a total turnover of €23,811.

Two equities were active in the property sector. MIDI plc ended the session at €0.34 – translating into a 2.86% decline. This was the result of three deals involving 17,159 shares, worth €5,786.

Trident Estates plc executed a single deal of 2,310 shares, leaving no impact on the equity’s previous closing price of €1.32. Total turnover stood at €3,049.

In the Sovereign Debt market, out of 11 active issues, seven headed north while another three closed in the opposite direction. The 5.25% MGS 2030 (I) registered the best performance as it was up by 1.02%, ending the session at €148.00. Conversely, the 5.1% MGS 2022(I) closed 0.34% lower at €111.97.

In the Corporate Debt market, 22 issues were active, of which 10 registered gains while another four closed in the red. The 5.75% International Hotel Investments plc Unsecured € 2025 headed the list of gainers as it closed 4.12% higher at €101.00. On the other hand, the 4.15% Phoenicia Finance Company plc Unsecured € 2023-2028 lost 1.94%, ending the session at €96.10.

In the Prospects MTF market, two issues were active of which both traded lower. The 4.75% Orion Finance plc € Unsecured 2027 registered the worst performance as it closed 2.46% lower at €99.00.

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].