MSE Index registers a further decline

MSE Daily Trading Report, 27 February, 2020

The MSE Equity Total Return Index registered a further 0.505% decline as it ended the session at 9,400.930 points. A total of 11 issues were active, two headed north while another four closed in the opposite direction. A total turnover of €350,184 was generated over 48 deals.

Yesterday, Malta International Airport plc announced a profit before tax of €62.6 million, translating into an 11.7% growth when compared to 2018’s amount of €47.1 million.

The company’s revenue also increased by €8 million as both aviation and non-aviation activities generated a total revenue of €100.2 million, translating into an 8.7% increase from the previous year. In 2019, 20 new routes were introduced while MIA reached a new record of over 7.3 million passenger movements and solid results were posted from the retails and property segment. The EBITDA increased by 16%, as it reached €63.2 million until end of year 2019 while the EBTIDA margin was up from 59% to 63%.

In addition to the net interim dividends paid of over €4 million, the board recommended a final net dividend of €0.10 per share on all shares listed on the register as at April 13, 2020. Dividend shall be paid as at May 27, 2020

The equity traded six times over a spread of 3,650 shares but closed unchanged at €6.70. Total turnover stood at €24,455.

In the banking industry, both Bank of Valletta plc and HSBC Bank Malta plc traded flat at €1.05. BOV was active over four transactions involving 20,938 shares, worth €29,985. Meanwhile, seven deals involving 62,644 HSBC shares were executed, generating a total turnover of €65,776.

The most liquid equity was RS2 Software plc, as total turnover stood at €98,306. Nine deals with a mix of 39,990 shares were executed, dragging the price by a negative 3.91%, to close at €2.46.

Telecommunications company, GO plc, also closed in the red with a 0.47% decline to €4.20. Six deals involving 15,528 shares were executed, generating a total turnover of €64,920. Its subsidiary, BMIT Technologies plc traded six times over a spread of 65,000 shares. The equity increased by 0.94% to €0.535 while total turnover amounted to €34,480.

In the property sector, a sole deal of 625 Malta Properties Company plc shares pushed the price 0.75% higher, as it close at €0.67. The equity registered a slim turnover.

The best performer during today’s session was PG plc as it traded twice over a spread of 4,750 shares. As a result, a total turnover of €9,550 was recorded while price went up by 3.06%, reaching the €2.02 price level.

Mapfre Middlesea plc was active over two deals with slim volume which altered the price by a negative 3.39%. The equity ended the session at €2.28. Similarly, four deals involving 2,000 Simonds Farsons Cisk plc shares resulted into a 0.91% decline, to close at €10.90. A total turnover of €21,975 was recorded.

Elsewhere, International Hotel Investments plc was active but closed unchanged at €0.77. The equity generated a total turnover of €7,700 over one deal of 10,000 shares.

In the Sovereign Debt market, 10 issues were active, of which one registered a gain while another eight lost ground. The 5.25% MGS 2030 (I) was the only positive performer as it closed 0.01% higher at €150.89. On the other hand, the 4.65% MGS 2032 (I) lost 0.47%. to close at €151.18.

In the Corporate Debt market, out of 19 active issues, seven traded higher while another three closed in the red. The best performer was the 3.75% TUM Finance plc Secured € 2029 as it was up by 0.87%, to close at €103.89. Conversely, the 4% International Hotel Investments plc Unsecured € 2026 closed 0.95% lower at €103.01.

In the Prospects MTF market, three issues were active. The 5% Luxury Living Finance plc € Secured Bonds 2028 closed 0.05% higher at €101.75.

The Equities traded today were:

 The Corporate Bonds traded today were:

 The Government Stocks traded today were:

The Prospect 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].