MSE index down despite higher turnover

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The MSE Equity Total Return Index continued its downward trend, as it ended the week down 1.1%, at 7,935.846 points. A total of 19 stocks were active, 11 of which traded lower while eight others remained unchanged. A total turnover of 1.1 million euros, against 0.7 million euros last week, was generated through 124 transactions.

Bank of Valletta plc was by far the most liquid stock, as 51 deals worth almost €0.5m saw the bank’s share price drop €0.025 or €2.9 % to close at €0.85. During the week, the shares traded at a weekly low of €0.80 and a high of €0.86.

Similarly, six trades for 85,144 FIMBank plc shares were recorded on Tuesday, as equity hit an all-time low of €0.254. A last minute trade during yesterday’s trading session involving 300 shares saw the stock regain some of its previous losses to end the week down 2.4% at €0.328.

Shares of HSBC Bank Malta plc fluctuated between an intra-week high of €0.92 and a low of €0.865, to close unchanged at €0.92 on 13 trades worth €72,049. Shares fell 4.9% last Monday, but that decline reversed on Wednesday following two trades in 12,000 shares.

GO plc held the €3.26 price level as 7,850 shares were traded across three trades. Its subsidiary BMIT Technologies plc (BMIT) was also active since the trading activity related to four transactions for a total amount of €34,327. BMIT shares fell 1.2% to close at €0.48.

Agribusiness Simonds Farsons Cisk plc closed Tuesday’s trading day at €8.50 after two trades of 10,950 shares, having started the week at €8.15. Three small trades on Wednesday reversed Tuesday’s gain and shares closed the week unchanged at €8.15.

RS2 Software plc Ordinary shares saw 15,350 shares traded in two trades, to close at €1.70, down 1.2%. On the other hand, RS2 preferred shares traded once on low volume to close flat, also at €1.70.

Santumas Shareholdings plc’s share price fell 15.3% to close at €1, a level last seen in late November. Three trades of 20,320 shares were executed.

A single low-volume trade forced the equity value of LifeStar Insurance plc and International Hotel Investments plc to fall 12% and 4% to close at €0.44 and €0.595, respectively.

Hili Properties plc fell 7.4% to end the week at €0.25 on 11 trades of 118,500 shares.

MedservRegis plc share price held steady at €0.705, as five trades involving the exchange of 217,480 shares were recorded yesterday.

Malta International Airport plc fell €0.05 or 0.9% to close at €5.80. It was the result of eight trades on a volume of 17,100 shares.

PG plc started the week in the green but came back to €2.38 on Wednesday. Two transactions involving 3,250 shares generated revenue of €7,760.

Main Street Complex plc hit a 10-month low at €0.47 as two trades of 40,000 shares pushed the share price up 2.1%.

Local postal services company, MaltaPost plc, was involved in three transactions involving 10,080 shares resulting in a loss of 1.6%. MaltaPost plc shares closed the week at €1.20.

Shares of HSBC Bank Malta plc fluctuated between an intra-week high of €0.92 and a low of €0.865

Harvest Technology plc was involved in a small transaction worth €249, with the company’s share price closing unchanged at €1.52.

During the week, GAP Group plc announced the basis of acceptance for the issuance of its final €21 million 3.9% Gap Group plc 2024-2026 covered bonds, with the offer period s closed on January 7.

The company received €10.8 million from 2016 bondholders, or 56.3% of the total value of 2016 bonds outstanding as of November 26, 2021. This amount has been fully allocated.

The balance of €10.2 million was fully allocated to 2016 bondholders in respect of any excess covered bonds requested and to authorized financial intermediaries under placement agreements.

As a result, the outstanding amount of 2016 bonds was reduced to €8.4 million. Trading in the two bonds is expected to begin on January 18.

In addition, Hili Finance plc has announced that further information regarding its €50 million 4% debentures due 2027 will be available in the prospectus to be published after obtaining the necessary approval from Malta. Financial Services Authority. The deadline for security holders of Hili Ventures Group, which includes listed security holders of 1923 Investments plc, Harvest Technology plc, Hili Properties plc, Premier Capital plc and the Company, being the main category of preferred applicants, is expected to be markets close on January 21 (market session on January 19).

The MSE Corporate Bonds Total Return Index fell 0.07% to close at 1,146.491 points. A total of 49 issues were active, of which the 3.5% GO plc € Unsecured 2031 generated the most turnover, with a total of €0.3 million traded over 15 transactions.

On the sovereign debt front, the MSE MGS Total Return index fell 0.11% to 1,085.189 points. Of the 15 active issues, the 5.25% MGS 2030 (I) was the most liquid security since seven transactions generated revenue of €1.2 million.

On the Prospects MTF market, three issues were active. The 5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028 recorded the highest liquidity, with total turnover amounting to €12,189.

This article, compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to provide investment advice and its contents should not be construed as such. The company is authorized to provide investment services by the MFSA and is a member of the Malta Stock Exchange and the Atlas Group. The directors or related persons, including the company, and their customers are likely to have an interest in the securities referred to in this article. For more information, contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, tel. : 2122 4410, or send an e-mail to [email protected]

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