MSE Index reverses three-month decline
Movements in Equity & Bond Indices
The MSE Equity Total Return Index recovered after three months of losses, gaining 3.2% to finish at 7,961.120 points. During the month a total of 25 equities were active, as seven declined while 17 registered gains. Total turnover of nearly €10.4m was registered across 467 transactions, as trading in Tigne Mall plc dominated activity.
The MSE MGS Total Return Index advanced by 3% to 885.544 points, as 31 bond issues were active. The 2.4% MGS 2041 (I) headed the list of gainers, as it closed at €84.10, translating into a 12.8% increase in price. On the other hand, the 3.4% MGS 2042 (I) closed 2.1% lower at €91.07.
The
posted a negative 0.6% movement, to end the month at 1,148.613 points. A total of 87 issues were active, as 37 advanced while another 38 lost ground. The
MSE Corporate Bonds Total Return Index 3.65% Mizzi Organisation Finance plc Unsecured € 2028-2031
registered the best performance with a 7% increase to close the month at €92. Conversely, the 3.5% Bank of Valletta plc € Notes 2030 S1 T1 traded 4.3% lower to finish at €89.99.
Top 10 Market Movers
Malta International Airport plc (MIA) experienced a significant 7.1% increase in its share price, closing at a monthly high of €6 after trading at a low of €5. A total of 122,632 MIA shares exchange hands across 67 deals. A total turnover of €690,624 was recorded.
Bank of Valletta plc (BOV)
saw a marginal 0.8% decrease in its share price, as a result of 105 deals of 573,398 shares. BOV was the second most liquid equity during the month, recording €699,308 in turnover. The banking equity ended the month at €1.24.
HSBC Bank Malta plc recorded an increase of 6.9% to close the month at €1.24 after trading at a monthly low of €1.14. Trading activity included 32 trades worth €222,907.
Lombard Bank Malta plc
witnessed a positive 12.6% movement in its share price. The equity finished November at €0.85. Eight trades of 27,714 shares generated a turnover of €22,449.
The share price of APS Bank plc retracted by 2.6% to close at €0.56. This was the outcome of 57 transactions worth €165,768.
A total of 14 trades involving 60,832 RS2 Software plc Ordinary shares pushed the share price 9.2% lower. The equity closed the month at €1.09.
The share price of PG plc traded between a monthly low of €1.89 and a high of €2.04, the month’s closing price. A total of 22 trades generated a total turnover of €158,777 across 80,950 shares.
Hili Properties plc posted a double-digit gain of 13.7%, closing at a monthly high of €0.216 despite trading at a monthly low of €0.19. Nine trades involving 208,700 shares were executed.
Malta Properties Company plc posted a 3.1% decline, ending the month at €0.37. Six trades of 15,550 shares were executed.
M&Z plc experienced a negative 10.5% movement in its share price, closing at €0.60. Three trades worth €30,768 were recorded.
Company Announcements
MIA published its October traffic results together with the Group’s financial results for Q1-Q3 2023. Marking the end of summer for the aviation industry, October brought 771,253 passengers through MIA’s doors. This total represents an increase of 9.6% over 2019 figures. In parallel, seat capacity saw an increase of 6.4%. Between January and September 2023, the Group generated revenues amounting to €91.6m, marking an increase of 38% over the previous year. This figure also exceeded 2019 levels. The Company’s net profit for the first nine months of 2023 stood at €32.3m.
MIA plc has updated its investment programme for the airport campus to total €250m for the period stretching from 2023 until 2028. This investment programme will deliver significant upgrades that will equip the Company to operate more efficiently and safely, even as MIA handles record passenger numbers, whilst working towards reaching its environmental targets and continuing to develop the airport campus.
The board of directors of MaltaPost plc will be meeting on December 19, 2023 to consider and approve the financial statements for the year ended September 30, 2023.
During the EGM of MedservRegis plc, the shareholders considered and approved that the share premium account of the Company be reduced by an amount of €28,634,512 for the purpose of offsetting losses of the Company as at December 31, 2022. Furthermore, the shareholders approved that the share premium account is further reduced by €2,131,115 by transferring to a new reserve to be known as the “Loss Offset Reserve” for the purpose of offsetting any eventual losses that may be incurred by the Company.
Loqus Holdings plc announced that the Company’s AGM shall be held on January 31, 2024.
Malita Investments plc announced that it has convened an EGM to be held on December 14, 2023 to give effect to a rights issue and subsequent issuance and allotment of new ordinary shares in the issued share capital of the Company.
LifeStar Insurance plc announced that the board approved the unaudited half-yearly financial report of the Company for the six-month period ended June 30, 2023.
In terms of new bond issues, the board of Phoenicia Finance Company plc announced that it has submitted an application to the MFSA requesting the admissibility to listing of €50m 5.75% unsecured bonds maturing between 2028 and 2033. The bond issue will be guaranteed by Phoenicia Malta Limited and Phoenicia Hotel Company Limited both in terms of annual interest and capital repayment upon maturity.
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 arti
cle. For further information contact Jesmond Mizzi Finan
cial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email
info@jesmondmizzi.com