Posts Tagged ‘Malta Government Stocks’

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- RF MGS Index in first annual decline since 2011

Thursday, January 11th, 2018

In last week’s article, I explained that Maltese equity investors experienced a challenging year in 2017 as the MSE Equity Price Index declined by 2.6%. Unfortunately, investors solely exposed to Malta Government Stocks did not fare any better. In fact, the RF MGS Index lost 3%, representing its first annual decline since 2011. When reviewing […]

- Renewed volatility in MGS prices

Thursday, July 20th, 2017

On 16 March 2017, I had written an article entitled “MGS sell-off gathers momentum” wherein I had explained how the overall downward trend in the prices of Malta Government Stocks (MGS’s) had persisted in the first few months of 2017 following the initial slump triggered by the election of Donald Trump as President of the […]

- A review of Q1 across the local capital markets

Thursday, March 30th, 2017

The first quarter of the year is already coming to an end today. It is therefore important to take stock of the developments across the local capital markets during the past three months. Overall, it was another positive quarter[1] for the local equity market as the MSE Share Index advanced by a further 2.1% and […]

- MGS sell-off gathers momentum

Thursday, March 16th, 2017

Just over three months ago I wrote an article titled “The MGS market after Trump” wherein I gave a detailed description of the sudden drop in the prices of Malta Government Stocks (MGS) in the immediate aftermath of the result of the US election on 9 November. I had also published a table showing the […]

- Weak retail demand in first MGS issue of 2017

Thursday, March 2nd, 2017

In the indicative calendar published by the Malta Government Treasury on 5 January, it was stated that the amount of issuance in Malta Government securities during 2017 will not exceed €600 million. This is very much in line with the annual issuance over recent years. The Treasury raises funds via the issuance of Malta Government […]

Malta Government Stocks - Listing & Trading of New MGS

Thursday, February 23rd, 2017

On 23 February, the Malta Stock Exchange announced that the recently issued Malta Government Stocks (MGS) will be admitted to the Official List with effect from today, Thursday 23 February 2017. Trading in these new stocks is expected to commence tomorrow, Friday 24 February.

Malta Government Stocks - Results of MGS Issue

Monday, February 20th, 2017

On 20 February, the Treasury announced that it received a total of 1,186 applications for the three new Malta Government Stocks for a value exceeding €282 million (nominal). The Treasury had offered a total of €130 million with the option of increasing the aggregate amount by a maximum amount of an additional €90 million. The […]

- Daily Market Highlights (09.02.17)

Thursday, February 9th, 2017
  • The MSE Share Index climbed by a further …
  • On the bond market, the RF MGS Index …
  • Yesterday afternoon, the Treasury …
  • The equity of Bank of Valletta plc advanced …
  • Within the same sector, HSBC Bank Malta plc …
  • The other positive performing equity today …
  • Despite revealing upbeat January 2017 …

Malta Government Stocks - Pricing of New Issues

Wednesday, February 8th, 2017

Further to the announcement dated 03 February 2017 with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices of the 3 new MGS’s as follows: (i) 1.4% MGS 2023 (III) at 104.00% for every €100 nominal giving a yield to maturity of 0.788% per annum; (ii) 1.5% MGS 2027 […]

- A review of the Maltese bond market in 2016

Thursday, January 12th, 2017

Following last week’s round-up of the Maltese equity market, a review of the bond market in 2016 is also warranted. Conventional finance theory states that investors are generally more exposed to volatility when investing in shares as opposed to bonds. Well, this theory did not hold again in 2016 as the movement in Malta Government […]

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