MSE Index Changes Course on Low Volumes
MSE Daily Trading Report, 26 September, 2019
The MSE Equity Total Return Index changed course to negative, after three consecutive days of gains. The index registered a 0.312% drop, closing at 9,975.715. Traded volumes were subdued as with a total of €186,637 worth of shares being traded over 24, transactions. During today’s session a total of ten equities where active – Four of which headed south, another four held their ground, and two closed higher.
Shares of Malta International Airport plc and PG plc, attracted strong volumes, compared to the other active equities. MIA plc shares, retreated €0.05, to close at €7.40, over three exchanges worth €52,130, while PG plc shares slid, €0.04 to close at €1.86 over seven deals valued at €53,406.
Shares of hoteliers International Hotels Investments plc gave away, some of their recent gains, posting a 0.56% decline over two trades of 40,400 shares to close at €0.885. GO plc shares, followed suit, closing 0.46% lower at €4.36, over a single transaction of 1,000 shares.
RS2 Software plc inched 0.53% higher, to €1.90, over two trades of 1,500 shares.
Elsewhere Tigne Mall plc shares also headed north adding 0.53%, to reach €0.94. The equity was active over three deals of 16,100. Shares of peers Malta Properties Companies plc failed to break from their previous price, as the equity traded flat at €0.71, over three deals of 27,750 shares.
These equities traded unchanged, during today’s session; BMIT plc, Trident Estates plc and Malita Investments plc, all trading over a single deal each at €0.53, €1.78 and €0.865 respectively.
In the corporate debt market, a total of 18 issues were traded. The majority of the negotiated issues remained unchanged, while four issues advanced and another three closed in the red. The total traded value stood at €296,061, spread over 30 trades. The 4% International Hotel Investments plc Secured € 2026 issue headed the gainers, closing 0.97% higher at €104.00.
In the sovereign debt market, only six issues were traded, four of which headed south, with only one issue managing to gain ground. Despite the low number of active issues, today’s traded value, amounted to €1,373,743 – most of which was attributed to six trades worth €1,067,922 in the 2.1% MGS 2039 (I).
The Equities traded today were:
| Symbol Code | Volume Traded | Value Traded | Trades | Closing Price | % Change |
| GO | 1,000 | 4,360.00 | 1 | 4.360 | -0.46% |
| IHI | 40,400 | 35,754.00 | 2 | 0.885 | -0.56% |
| MIA | 7,000 | 52,130.00 | 3 | 7.400 | -1.33% |
| RS2 | 1,500 | 2,853.21 | 2 | 1.910 | 0.53% |
| MLT | 108 | 93.42 | 1 | 0.865 | 0.00% |
| TML | 16,100 | 15,057.70 | 3 | 0.940 | 0.53% |
| MPC | 27,750 | 19,702.50 | 3 | 0.710 | 0.00% |
| PG | 28,416 | 53,406.24 | 7 | 1.860 | -2.11% |
| TRI | 500 | 890.00 | 1 | 1.780 | 0.00% |
| BMIT | 4,000 | 2,120.00 | 1 | 0.530 | 0.00% |
The Corporate Bonds traded today were:
| Closing Price | % Change | |
| 4.9% Gasan Finance Company plc € 2019-2021 | 100.000 | -0.01% |
| 3.65% GAP Group plc Secured € 2022 | 102.000 | 0.00% |
| 4.4% Von der Heyden Group Finance plc Unsecured € 2024 | 102.990 | 0.10% |
| 5% Tumas Investments plc Unsecured € 2024 | 110.000 | 0.00% |
| 5.1% 6PM Holdings plc Unsecured € 2025 | 101.000 | 0.00% |
| 4.5% Hili Properties plc Unsecured € 2025 | 102.990 | 0.48% |
| 4.35% Hudson Malta plc Unsecured € 2026 | 103.500 | 0.00% |
| 4% International Hotel Investments plc Secured € 2026 | 104.000 | 0.97% |
| 4% Merkanti Holding plc Secured € 2026 | 102.000 | 0.00% |
| 3.75% Premier Capital plc Unsecured € 2026 | 103.860 | 0.00% |
| 4% International Hotel Investments plc Unsecured € 2026 FI | 102.900 | 0.00% |
| 4.35% SD Finance plc Unsecured € 2027 | 106.000 | 0.00% |
| 4% Stivala Group Finance plc Secured € 2027 | 103.900 | 0.00% |
| 3.85% Hili Finance Company plc Unsecured € 2028 | 101.000 | 0.00% |
| 4.5% Endo Finance plc € Unsecured Bonds 2029 | 101.000 | 0.50% |
| 3.65% Stivala Group Finance plc Secured € 2029 | 103.500 | 0.00% |
| 3.8% Hili Finance Company plc Unsecured € 2029 | 100.270 | -0.09% |
| 3.5% Bank of Valletta plc € Notes 2030 S1 T1 | 100.030 | -0.02% |
The Government Stocks traded today were:
| Closing Price | % Change | |
| 4.5% MGS 2028 (II) | 140.000 | -0.07% |
| 2.3% MGS 2029 (II) | 120.600 | 0.00% |
| 4.3% MGS 2033 (I) | 152.040 | -0.43% |
| 2.1% MGS 2039 (I) | 125.200 | -0.85% |
| 3% MGS 2040 (I) | 144.250 | 0.23% |
| 2.4% MGS 2041 (I) | 133.410 | -0.77% |
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].