The MSE Equity Total Return Index declined by a further 0.108 per cent, adding to the previous week’s 0.118 per cent loss, closing in the red for the fifth consecutive week at 8,598.897 points. The index registered a 0.365 per cent fall in January. Last week turnover fell to €1.4 million from the previous week’s €2.1 million.
Simonds Farsons Cisk plc (SFC) shares decreased by €0.30 or 3.9 per cent as 13 deals of 10,792 shares were negotiated, closing at the €7.50 price level. The food and beverage supplier’s shares recorded a 12 per cent drop in January.
SFC’s spin-off company Trident Estates plc’s (TRI) shares were admitted to listing on the Official List of the MSE last Tuesday and commenced trading last Wednesday. As stated in the prospectus dated December 18, the company will be seeking financing through a rights issue of 15 million new ordinary shares of €1 planned for 2019.
The company has now announced that its three main shareholders - Farrugia Investments Ltd, M.S.M. Investments Limited and Sciclunas Estates Limited - have signed an undertaking agreement for the subscription of the rights issue proportionate to their shareholding in the company at the time of the rights issue. The company also announced that it has secured loans with a leading local bank, meaning that the Trident Park Project can begin.
Trident shares were active on 29 trades of 132,789 and oscillated from a €1.50 low to a €1.53 high, at which it closed. The company advanced by 23.4 per cent from its initial set share price of €1.24.
MIDI plc shares advanced by 2.4 per cent across seven transactions of 115,700 shares, closing at €0.348 - a three-week high. However, the property management company registered a 2.9 per cent loss in January.
In the same sector, Malita Investments plc (MLT) shares erased the previous week’s 0.6 per cent increase having declined by 0.6 per cent as one trade of 11,700 shares was executed, to close at €0.84. Malita recorded a 3.1 per cent increase in January.
Plaza Centres plc shares closed unchanged at €1.02 - down 6.4 per cent in January. The shopping mall’s equity was active on three deals of 31,000 shares. Meanwhile, Tigne Mall plc shares traded flat at €1.05 on one trade of 1,300 shares, registering a 3.6 per cent loss in January.
Malta Properties Company plc shares were negotiated across three transactions of 11,000 shares and closed unchanged at €0.515. January was of good month for the equity as it appreciated by 7.3 per cent.
HSBC Bank Malta plc shares appreciated by €0.03 or 1.7 per cent as 80,733 shares were executed over 20 transactions, to close at €1.79. The bank’s shares registered a minimal 0.2 per cent decrease last month.
Secured loans with a leading local bank
Bank of Valletta plc shares closed unchanged at €1.81 – but was up 0.6 per cent in January. Last week banking equity once again registered the highest traded volume as 83 trades of 341,319 shares were executed.
Mapfre Middlesea plc shares slipped by a further 0.6 per cent, extending the previous week’s loss of 1.7 per cent, having registered a decline for three consecutive weeks. The insurance and investments services provider’s shares were active on eight deals of 12,124 shares and closed at €1.78.
Santumas Shareholdings plc shares increased by 0.7 per cent over five trades of 18,505 shares, to close at €1.51.
GO plc shares increased by 1.1 per cent across 13 deals of 16,791 shares, closing €0.04 higher at €3.56. The telecommunications services provider’s shares recorded a minimal 0.8 per cent decline in January.
GO announced that its Board is scheduled to meet on March 6, to consider and approve the company’s audited financial statements for 2017, and to consider the declaration of a final dividend to be recommended to the company’s Annual General Meeting.
Malta International Airport plc shares slipped by €0.14 or 2.9 per cent across 11 trades of 12,132 shares, closing at €4.76.
The local airport operator’s shares advanced by 3.4 per cent in January.
MaltaPost plc shares dropped by €0.08 or four per cent as 5,701 shares changed ownership over three trades, closing at €1.91. The equity registering a 9.9 per cent decline in January.
Grand Harbour Marina plc shares were the worst performers having declined by 5.3 per cent as a sole trade of 2,000 shares was concluded, to close €0.04 lower at €0.72 – an all-time low. The equity recorded a 0.4 per cent fall in January.
The oil and gas logistics services provider Medserv plc (MDS) registered a 3.2 per cent decrease in its share price, having partially reversed the previous week’s 6.9 per cent rally. The equity witnessed three deals of 11,400 shares, closing €0.04 lower at €1.20. MDS recorded a 2.3 per cent loss last month.
International Hotel Investments plc shares increased by 3.2 per cent as one transaction of 600 shares was concluded, closing at €0.64.
PG plc shares swayed between a weekly high of €1.39 and a 27-week low of €1.34, to ultimately close at €1.35. The retail and supermarkets owner’s equity dropped by €0.04 or 2.9 per cent as 19,100 shares changed ownership over eight trades.
RS2 Software plc (RS2) shares extended their on-going losing streak having closed in the red for the fifth consecutive week. The I.T. equity fell by €0.03 or 2.1 per cent across 16 deals of 48,670 shares, closing at €1.40. RS2 shares recorded a 5.8 per cent decline last month.
In the corporate bond market turnover amounted to €1.5 million spread across 32 issues of which 15 appreciated and 11 fell. The 4.25% Corinthia Finance plc Unsecured € 2026 was the top performer and the most liquid issue having advanced by 1.4 per cent and witnessed a turnover worth €264,386, to close at €103.98. Meanwhile, the 5% GlobalCapital plc Unsecured € 2021 headed the list of fallers having slipped by 1.9 per cent, closing at €97.50.
Negative sentiment prevailed in the sovereign debt market as of the 23 active issues, 21 fell and two closed unchanged. The 2.5% MGS 2036 (I) was the worst performer having declined by 1.2 per cent, closing at €107.85. The non-movers were the 4.6% MGS 2020 (II) and the 2.1% MGS 2039 (I) r, having closed at €110 and €102 respectively.
The 3% MGS 2040 (I) was the most liquid issue having witnessed a turnover of €757,941, closing 0.4% lower at €116.51.
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. The Company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group. 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 info@jesmondmizzi.com.
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