Daily Market Highlights (03.10.2018)

  • The MSE Equity Price Index moved back below the 4,400 mark today as it dropped by 0.22% to 4,393.955 points. The decline was mostly driven by the negative performances of BOV and MIA which, in aggregate, outweighed the gains in HSBC and FIMBank. Meanwhile, a further four shares closed the day unchanged whilst trading volumes improved slightly to €0.29 million. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index trended higher again today (the first two-day positive streak in almost a month) as it added a further 0.13% to 1,086.548 points. Prices of Malta Government Stocks reflected movements in the yields of peripheral countries as concerns over Italy’s fiscal position subsided slightly.
  • Negative sentiment towards Bank of Valletta plc persisted as the equity slipped by a further 1.4% to a fresh six-year low of €1.405 across seven deals totalling 40,093 shares. Yesterday, BOV announced that it filed court appeals related to the recent decisions taken by Arbiter for Financial Services in relation to fifty new cases involving the La Valette Multi Manager Property Fund.
  • Malta International Airport plc eased to the €6.20 level (-0.8%) across 10,765 shares.
  • Malta Properties Company plc continued to remain volatile as the equity shed 4.8% back to the €0.50 level albeit on just 15,000 shares.
  • Low trading activity also took place in the equities of International Hotel Investments plc and PG plc, both of which traded unchanged at €0.645 and €1.40 respectively.
  • GO plc held on to its twelve-year high of €3.70 across 6,400 shares whilst two deals totalling 22,000 shares left the equity of Malita Investments plc flat at the €0.87 level.
  • Meanwhile, HSBC Bank Malta plc advanced by 0.6% to regain the €1.77 level across 8,020 shares.
  • FIMBank plc climbed 1.6% to USD0.65 (its highest level in over seven months) on heightened activity totalling 155,683 shares.