Higher MSE Index as large caps head north

MSE Daily Trading Report, 11 June 2020

The MSE Equity Total Return Index enjoyed a positive session with a 0.487% increase, reaching 8,340.181 points. Out of 12 active equities, five registered gains while one closed in negative territory. A total turnover of €165,443 was generated across 52 transactions.

Malta International Airport plc announced the traffic results for the month of May. Due to the Covid-19 pandemic and travel restrictions, it was an unusual quiet month, with just 3,081 passengers. This translates into a decrease of more than 670,000 passenger movements when compared to May 2019. As air traffic to and from Malta remained at an almost complete standstill for the second full month, aircraft movements throughout May amounted to merely 283 take-offs and landings. For the month of May, 43% of the flights were humanitarian and repatriation, ferrying passengers to and from more than 10 countries. The rest were cargo flights, which registered an increase of 11% in movements over the same month last year.

The airport shall resume operations on July 1, 2020. All hands are on deck getting the terminal ready to welcome the first passengers after a three-month lull in commercial activity. The Traffic Development team at Malta International Airport together with the local tourism authority have been working closely with partner airlines to start restoring the island’s connectivity as travel restrictions are gradually being eased. Six airlines will be offering direct connections to 17 airports in nine countries and regions, including Sicily, Germany, Switzerland and Luxembourg, for the period between July and October.

The equity was the most liquid as total turnover amounted to €39,971. A total of 6,941 shares changed hands over 11 deals, pushing the price 0.88% higher to €5.75.

In the banking industry, a sole deal of 150 FIMBank plc shares pushed the price by 5.26% into positive territory, resulting into the best performance for today’s session. The equity closed at $0.40.

Meanwhile, Bank of Valletta plc traded twice over a mix of 1,400 shares, generating a total turnover of €1,404. The equity’s previous closing price of €1.00 was not impacted. Similarly, its peer, HSBC Bank Malta plc, was active but closed unchanged at €0.98. A total of 6,976 share changed ownership across four transactions. A total turnover of €6,717 was recorded.

International Hotel Investments plc registered a positive 0.85% change in price, as it ended the session at €0.595. Three deals involving 2,200 shares generated a total turnover of €1,309. Similarly, Simonds Farsons Cisk plc ended the session at €8.05, translating into a 0.63% rise in price. Five deals involving 2,223 shares generated a total turnover of €17,868.

Telecommunications company, GO plc, reached €3.60 during the session but closed 0.57% higher at €3.52. Four deals involving 9,110 shares were executed, worth €32,116.  Its subsidiary, BMIT Technologies plc, was active but closed unchanged at €0.49. A total of 33,500 shares were spread over eight deals, generating a total turnover of €16,152.

RS2 Software plc declined to €2.26 during the session but managed to recoup the loss as it closed unchanged at €2.30. A total of 17,071 shares changed hands over seven deals, worth €38,747.

Retail conglomerate, PG plc, traded once over 2,500 shares, which did not alter the previous closing price of €2.00.

MaltaPost plc lost 0.85% as 4,268 shares were spread across five transactions. Total turnover amounted to €5,004 as price declined to €1.16.

In the property sector, Santumas Shareholdings plc was active but closed unchanged at €1.49.

In the Sovereign Debt market, seven issues were active, of which four declined while the rest closed unchanged. The 4.65% MGS 2032 (I) registered the worst performance as it closed 3.38% lower at €143.00.

In the Corporate Debt market, out of 22 active issues, eight headed north while another seven closed in the opposite direction. The 6% Pendergardens Developments plc Secured € 2022 Series II headed the list of gainers as it closed 1.69% higher, ending the session at €105.00. Conversely, the 4.25% Mercury Projects Finance plc Secured € 2031 lost 0.98%, to close at €101.00.

In the Prospects MTF market, the 4.75% Gillieru Investments plc Secured Bonds 2028 was active as it traded 1% higher at €101.00.

The Equities traded today were:

The Corporate Bonds traded today were:

The Government Stocks traded today were:

Prospect 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].