Banks drag MSE Index into negative territory

MSE Daily Trading Report, 20 December, 2019

The MSE Equity Total Return Index erased yesterday’s advancement as the index closed 0.869% at 9,386.871 points. Six equities were active, of which three headed south while another three closed unchanged. A total turnover of €41,848 was generated over 15 deals.

All three active banks traded in negative territory. Bank of Valletta plc registered a 0.95% decline as it closed at €1.04. Three deals involving 16,000 shares were executed, generating a total turnover of €16,575.

HSBC Bank Malta plc headed the list of fallers as it closed 5.60% lower at €1.18. A total turnover of €5.353 was recorded as 4,508 shares changed hands over four deals.

Similarly, FIMBank plc registered a 3.13% fall in price, to close at $0.62. This was the result of five deals involving 6,853 shares.

A single deal over slim volume in Malta International Airport plc left the previous closing price of €6.90 unaltered. Total turnover stood at €5,520.

Maltapost plc announced that the board approved its audited financial statements for the year ended September 30, 2019. These shall be submitted for approval during the next AGM, to be held on February 26, 2020. The board agreed to recommend for the approval of the AGM, the payment of a final gross dividend of €0.0615 per nominal €0.25 shares. If agreed, such dividend shall be paid on March 20,2020 to listed shareholders as at January 27, 2020. The equity traded once over 1,000 shares but closed unchanged at €1.30. A total turnover of €6,500 was recorded.

In the property sector, MIDI plc registered a total turnover of €4,000 as 8,000 shares were executed over a sole deal. This left no impact on the equity’s previous closing price of €0.50.

In the corporate debt market, 25 issues were active, of which eight headed north while another nine closed in the red. The 3.75% AX Group plc Unsec Bds 2029 Series II registered the highest performance during the session at the bond price increased by 1.51% during the first day of trading to close at €101.51.

In the sovereign debt market, all seven issues registered declined. The 4.3% MGS 2033 (I) registered the largest decrease in price of 0.83%, as it closed at €147.37.

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].