MSE Index slightly lower
MSE Daily Trading Report, 22 November, 2019
The MSE Equity Total Return Index declining by 0.178% to close at 9,717.441 points. Only seven equities were traded as gainers and fallers tallied to two a piece. A total of 32 deals worth €0.6m were executed with the bulk of trading taking place in GO plc and RS2 Software plc (RS2).
In the banking sector, Bank of Valletta closed in the red with a 0.46% decline to end the week at €1.09. A total of 19,382 shares changed ownership over 10 deals, generating a total turnover of €21,247.
No trading took place in HSBC Bank Malta plc despite the Bank announcing its interim directors’ statement. Revenue for the period was lower despite the positive momentum in Retail Banking which reported improving revenues compared to the first nine months of 2018. However, Commercial Banking recorded lower revenues which offset the increasing revenues in Retail. The bank announced that Expected Credit Losses remain well within management expectations and below 2018. During the period January to September 2019, non-performing loans reduced even further.
RS2 Software plc declined by 1.87% as 119,810 shares were transacted across four deals tallying to a total turnover of €251,601. The equity closed the week at €2.10.
Following yesterday’s positive interim results, BMIT Technologies plc closed 0.97% higher to finish at €0.52. Five trades worth €67,340 helped the equity to be the top performer in today’s trading session.
GO plc traded flat at €4.22 over four deals worth €211,000. Another four transactions in Malta International Airport plc left the equity’s price unchanged at €7.20 after trading at €7.25 earlier in the session. Malta Properties Company plc closed at €0.68 on thin trading.
Similarly, a single trade of 700 PG plc shares increased its price by 0.56% to end the session at €1.80.
In the corporate debt market, out of 16 active equities, eight advanced while another four closed in the red. The best performer was the 4.5% Hili Properties plc Unsecured € 2025 as it closed 2.44% higher at €105. There were no trades in the Prospects MTF Market.
In the sovereign debt market six issues were active as eight transactions worth €140,000 were executed.
The Equities traded today were:
| Symbol Code | Volume Traded | Value Traded | Trades | Closing Price | % Change |
| BOV | 19,382 | 21,246.73 | 10 | 1.090 | -0.46% |
| GO | 50,000 | 211,000.00 | 4 | 4.220 | 0.00% |
| MIA | 1,785 | 12,886.25 | 4 | 7.200 | 0.00% |
| RS2 | 119,810 | 251,601.00 | 4 | 2.100 | -1.87% |
| MPC | 5,914 | 3,961.52 | 4 | 0.680 | 0.00% |
| PG | 700 | 1,260.00 | 1 | 1.800 | 0.56% |
| BMIT | 129,500 | 67,340.00 | 5 | 0.520 | 0.97% |
The Corporate Bonds traded today were:
| Closing Price | % Change | |
| 5.5% Pendergardens Developments plc Secured € 2020 Series I | 99.750 | 0.00% |
| 5.5% Mediterranean Investments Holding plc Unsecured € 2020 | 101.000 | 1.71% |
| 5% Tumas Investments plc Unsecured € 2024 | 101.620 | 0.42% |
| 5.1% 1923 Investments plc Unsecured € 2024 | 101.820 | 0.00% |
| 4.25% Best Deal Properties Holding plc Secured € 2024 | 101.900 | 0.01% |
| 4.5% Hili Properties plc Unsecured € 2025 | 105.000 | 2.44% |
| 4.35% Hudson Malta plc Unsecured € 2026 | 104.980 | -0.02% |
| 4% International Hotel Investments plc Secured € 2026 | 103.500 | 0.95% |
| 4.35% SD Finance plc Unsecured € 2027 | 103.000 | -0.96% |
| 3.75% Tumas Investments plc Unsecured € 2027 | 100.000 | 0.00% |
| 5% MeDirect Bank Plc Subordinated Unsecured € 2022-2027 | 104.500 | 0.00% |
| 4% Stivala Group Finance plc Secured € 2027 | 103.950 | 0.36% |
| 3.75% TUM Finance plc Secured € 2029 | 100.570 | 0.56% |
| 3.65% Stivala Group Finance plc Secured € 2029 | 102.550 | -0.19% |
| 3.8% Hili Finance Company plc Unsecured € 2029 | 99.900 | -0.06% |
| 4% MeDirect Bank (Malta) plc Sub Unsecured € 2024-2029 | 102.000 | 1.24% |
The Government Stocks traded today were:
| Closing Price | % Change | |
| 5% MGS 2021(I) | 108.810 | -0.03% |
| 4.5% MGS 2028 (II) | 136.760 | -0.36% |
| 5.25% MGS 2030 (I) | 149.390 | -0.41% |
| 2.2% MGS 2035 (I) | 126.500 | 3.16% |
| 2.5% MGS 2036 (I) | 128.250 | -0.37% |
| 2.1% MGS 2039 (I) | 124.500 | 0.30% |
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].