MSE Index reports mixed performance
Movements in Equity & Bond Indices
The MSE Equity Total Return Index (MSE) closed the month of September in the red, as it posted a decline of 1.2% to finish at 7,862.523 points. During the month total turnover declined by €1.6m to €2.1m, as 403 transactions were recorded. A total of 26 equities were active, as seven advanced while 14 declined.
The MSE Corporate Bonds Total Return Index gained 0.8% to 1,159.754 points, as 89 issues were active, 29 of which headed north while another 42 closed in the opposite direction. The 4% SP Finance plc Secured € 2029 headed the list of gainers, as it closed at €99.50, translating into a 4.7% increase in price. On the other hand, the
3.5% Bank of Valletta plc € Notes 2030 S2 T1
closed 9.4% lower at €81.
The MSE MGS Total Return Index posted a negative 1.4% movement, to end the month at 864.084 points. A total of 36 issues were active, as seven advanced while another 26 lost ground. The 2.4% MGS 2041 (I) registered the best performance with a 6.9% increase to close the month at €84. Conversely, the 2.6% MGS 2047 (I) traded 28.7% lower to finish at €72.26.
Top 10 market movers HSBC Bank Malta plc
experienced a significant 4.9% decline to close the month at €1.16. Trading activity comprised 40 trades involving 74,401 shares worth €87,722.
Similarly, Bank of Valletta plc (BOV) recorded a 1.6% decline during the month, closing at €1.24. BOV was the most liquid equity, as 93 deals of 507,888 shares generated a turnover of €632,362.
On the other hand,
Holding plc recovered last month’s decline, as the share price jumped by 194% to close at €1. This was the outcome of 11 trades, involving 6,886 shares worth €5,763.
FIMBank plc also displayed positive momentum during the month, closing at $0.22.
LifeStar
This reflected a double-digit increase of 12.2%. A total of 12 trades were executed, involving 486,611 shares.
GO plc shares declined by 6.8%, closing September at €2.74. Fourteen deals worth €224,318 were recorded.
RS2 Software plc Ordinary Shares
faced a 3.9% decline in the share price because of six transactions of 16,268 shares. The equity closed the month at €1.23 after trading at a low of €1.15.
Simonds Farsons Cisk plc
shares traded between a monthly low of €6.60 and a high of €6.75 but closed the month at €6.70. This movement in the share price marked a decrease of 5.6%, driven by 11 transactions involving 7,812 shares with a total value of €52,289.
VBL plc recovered the previous month’s loss, gaining 21.1% to end the month at €0.23. Two trades comprising 18,000 shares exchanged hands.
International Hotel Investments plc
exhibited a modest 1% gain during September, ending the month at €0.51. A total of 29,641 shares exchanged hands across 12 trades generating €15,073 in turnover.
AX Real Estate plc witnessed an 11% increase, closing at €0.50. Three trades involving 94,749 shares were executed, generating turnover of €46,929.
Company announcements Malta International Airport plc
Traffic results for
continued to exhibit an upward trend in August, as passenger movements increasing by 6.7% over 2019 to total 878,462 passenger movements. The seat load factor stood at an all-time high of 91.4%, reflecting very strong demand for travel.
Italy continued to lead the pack for yet another month with 244,322 passenger movements, while the UK ranked second as it continued to perform below 2019 levels.
The Board of Simonds Farsons Cisk plc approved the
Group’s unaudited financial statements and interim directors’ report for the six months ended 31 July. The Board also resolved to distribute, out of tax-exempt profits, an interim dividend of €1.8m equivalent to €0.05 per ordinary share. This dividend will be paid on 18 October.
The Board of Trident Estates plc has approved for publication the unaudited financial statements of the company for the six months ended 31 July. The Group recorded revenue of €1.8m for the six months ended 31 July, amounting to approximately double the revenue recorded in the same period last year. The Group registered a profit after tax of €67,000.
The Board of RS2 Software plc approved the condensed interim consolidated financial statements, for the six-month period ended 30 June. On consolidating its activities, the Group generated revenue of €17.6m and registered a loss after tax of €2.6m.
The Board approved paying an interim net dividend of €3m by way of Scrip with each ordinary and preference shareholder having the option to receive either cash or new ordinary shares or preference shares as applicable, at an attribution price of €1.23 per ordinary share and €1.43 per preference share. The net dividend is equivalent to €0.01315 per ordinary share and €0.01446 per preference share.
The Board of BMIT Technologies plc announced that the resolution for the proposed transaction with GO plc, was passed by a majority of 99.99% of the shareholders present and voting.
BMIT plans to acquire cellular towers across the Maltese Islands located on third-party properties including maintenance functions and related agreements from GO, as part of an operational restructuring. This restructuring aims to centralise these assets within a separate service provider company, allowing GO to focus on its core business while MIT handles the telecom assets.
The Board of FIMBank plc met on 30 August and approved the consolidated and the bank’s interim financial statements for the six-month period ended 30 June. The FIMBank Group reported an after tax profit of $3.9m, compared to a $2.9m after tax loss registered for the six months ended 30 June 2022.
The Board of Malta Properties Company plc approved the Group interim unaudited financial statements for the six-month period ended 30 June. The Group registered a profit after tax of €674,371, lower by €181,102 when compared to the same period last year.
The Board of Lombard Bank Malta plc approved the Group and Bank interim condensed financial statements for the six-month period ended 30
June. The Group delivered a robust financial performance in the first half of 2023 with a profit before tax of €5.4m and profit after tax of €3.4m. The comparable figure for 2022, which stood at €17.2m, had included a one-off significant recovery on a long outstanding non-performing loan. When adjusted for this special factor the profit before tax in 2022 would have been €5m.
The bank announced that it has received regulatory approval from the MFSA relative to the rights issue and for the admissibility to listing on the Malta Stock Exchange of up to 61,828,332 new ordinary shares in the bank having a nominal value of €0.125 each which will be offered at an offer price of €0.75.
The Board of
International Hotel Investments plc
announced that the company has been granted approval by the
MFSA for the admissibility to listing the issue of €60m 6% unsecured bonds 2033.
The Board of AX Group plc announced that the company has been granted approval by the MFSA for the admissibility to listing the issue of €40m 5.85% unsecured bonds 2033.