The MSE index records a three-week negative streak


The MSE Equity Total Return Index extended its loss another 0.4% to 7,674.879 points as 101 trades were executed on 20 stocks – winners and losers totaling seven out of a weekly turnover of 0, 5 million euros.

Bank of Valletta plc posted a weekly gain of 1.3% to close at €0.79 in the final hours of trading yesterday, recording volume of 97,486 shares across 23 trades. The total turnover amounts to €76,043.

The board is due to meet on Tuesday to review and approve the audited group and bank financial statements for the year ended December 31, 2021.

HSBC Bank Malta plc topped the list of slaughterers.

The share price fell to €0.88 on Monday and recorded a further decline on Wednesday to close at €0.85, down 9.6% on the week. A total of 15,661 shares were executed across seven trades.

Shares of Lombard Bank Malta plc added to the previous week’s decline as a further 0.5% was wiped off its share value, following a single trade of just 24 shares.

The stock closed the week at the price level of €1.85.

In the IT services sector, BMIT Technologies plc started the week on a positive note as it hit €0.494 on Thursday but failed to hold the gain closing at €0.486.

As a result, equity ended down 0.8% on 12 trades involving 142,900 shares.

RS2 Software plc ordinary shares ended the week unchanged at €1.68. Equity was active through four transactions of 33,154 shares.

Malta International Airport plc (MIA) posted a 1.7% gain in its share price as six trades for 7,700 shares were executed.

Equity ended the week at €5.85. Since the beginning of the year, the share price has fallen by 2.5%.

MIA recorded a sevenfold increase in passenger traffic in February compared to the same month in 2021. However, traffic, which totaled 196,895 passenger movements, remained 45.2% below 2019 levels.

Simonds Farsons Cisk plc was the most liquid stock, as six trades for 16,017 shares worth €131,364 took the price down 1.8% to the €8.20 level.

Harvest Technology plc was active on the last trading day of the week, with two trades worth €4,021 pushing the share price up 0.7% to the €1.50 level.

GO plc added a further 0.6% to the significant gains of the previous week, reaching €3.22. In total, only 2,330 shares changed hands in seven transactions.

GO has announced that it has concluded a transaction which will result in the subscription of a 76% stake in Sens Innovation Group Limited (SENS).

The total price to be paid for the subscription of the shares is €1 million, with the possibility of an additional price of €1.85 million depending on the performance of SENS over a period of 3 years.

Retail conglomerate PG plc joined the positive drivers this week, with the stock trading up 1.8% to end the week at €2.30. A total of 9,837 actions were executed across three trades.

Within the real estate sector, Trident Estates plc was the only performing stock during the week and the best performer overall.

Trident reached the €1.48 price level as two trades of 2,028 shares pushed the stock price up 8%.

On the other hand, despite the gains recorded during the previous week, Hili Properties plc saw a 1.6% drop in its share price to €0.25.

VBL plc shares traded at €0.254, on a trade of 10,000 shares. Similarly, no movement was observed in the International Hotel Investments plc share price, which closed at €0.57, following two transactions involving 13,533 shares.

PG plc joins positive drivers of the week

Last Monday, Malta Properties Company plc recorded a 1% decline in its share price which quickly reversed on Thursday.

Equity remained stable at €0.53 at the end of the week.

On Thursday, MPC announced that the AGM would be held remotely on May 19.

The company has approved the annual report and the consolidated financial statements for the financial year ended December 31, 2021.

MPC’s total revenues amounted to €3.64 million, up 6% compared to 2020 due to the leased office building acquired in September 2020 and the revenues generated by the photovoltaic panels installed at the end of 2020.

The operating result of €2.1m remained in line with the previous year, with higher revenues offset by increases in various operating costs.

In 2021, there were fair value gains of 2.22 million euros and additional financial charges paid on the refinancing of a maturing loan and the drawing of a new loan to finance the building of offices acquired, resulting in a pre-tax profit of 3.61 million euros.

The Board has decided to propose to the General Meeting to approve the payment of a final dividend of €0.012 net of tax per share.

M&Z plc began trading last Monday, closing its first week of trading in the green. Three trades worth €23,340 sent the stock price up 4.2% to the €0.75 level.

MaltaPost plc lost ground by 2.5%, closing the week at the €1.15 price level. Year-to-date, stocks have fallen 5.7% with no weekly advance, reaching a level not seen nearly a year ago.

Shares of Malita Investments plc ended the week in the red, with two trades involving 12,636 shares lowering the share price by 0.6%.

Equity ended the week at €0.785.

A single trade for 5,000 Mapfre Middlesea plc shares kept the share price at €2.02. Meanwhile, Loqus Holdings plc traded more than 4,860 shares twice on Wednesday. The previous week’s closing price of €0.105 has not been changed.

In the corporate bond market, the MSE Corporate Bonds Total Return Index fell 0.3% over the week, slipping to 1,136.305 points.

A total of 51 issues were active, with a total turnover reaching nearly 1.6 million euros.

The 3.25% APS Bank plc Unsecured Sub € 2025-2030 was the most liquid, as three transactions worth €0.1 million were recorded and closed the week at €100.50.

Mercury Projects Finance plc has announced that it has filed an application with the MFSA seeking listing eligibility for €50,000,000 covered bonds due 2032, with a nominal value of €100 per bond, to be issued in par, and will pay interest at 4.30% per annum.

The MSE MGS Total Return index fell again by 1.5%, to close at 1,041.991 points on a turnover of €3.8 million.

A total of 17 government bonds were active during the week, with the 1.20% AMS 2037 (I) being the most liquid, as a single trade with a total value of €1.8m was been recorded. The bond closed the week at €93.17.

In the Prospects MTF market, four vouchers were active.

The 5% Busy Bee Finance plc Unsecured €2029 was the most liquid issue, with total turnover of €16,500 across three trades to end the week at par.

This article, compiled by Jesmond Mizzi Financial Advisors Limited, is not intended 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 connected 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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