Daily Market Highlights (04.04.2019)

  • The MSE Equity Price Index remained virtually unchanged at just over 4,719 points as the gains in MIA and HSBC were almost completely offset by the declines in GO, MIDI and Malita. Meanwhile, trading volumes eased to €0.39 million whilst activity in IHI continued to dominate the market. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index trended lower for the fifth consecutive day as it slipped by a further 0.07% to a two-week low of 1,111.075 points. Bond yields in the euro area continued to trend higher despite the issuance of very disappointing data relating to German factory orders in February as well as the publication of the minutes of the ECB monetary policy meeting held last month showing the central bank’s concerns on how prevailing geopolitical uncertainties are continuing to weigh down on the growth outlook of the single currency area.
  • Malta International Airport plc added 0.8% to a fresh record high of €6.70 across 13,050 shares. Shareholders as at close of trading on 11 April will be entitled to a final net dividend of €0.09 per share.
  • A single deal of 10,000 shares lifted the equity of HSBC Bank Malta plc 0.6% higher to the €1.63 level. The bank will be holding its Annual General Meeting on 17 April.
  • In contrast, GO plc eased by 0.8% to the €4.86 level albeit on trivial volumes. The equity is still trading with the entitlement to total net dividends of €0.55 per share.
  • In the property segment, MIDI plc lost 1.6% back to the €0.60 level across 63,113 shares. The company is due to publish its results for the 2018 financial year on 25 April.
  • Malita Investments plc slumped by 5.3% to a one-year low of €0.805 on just 11,000 shares. Today, the equity started trading without the entitlement to a final net dividend of €0.01417 per share.
  • Meanwhile, Trident Estates plc maintained the €1.33 level across 15,037 shares.
  • International Hotel Investments plc traded unchanged at the €0.765 level on encouraging volumes totalling 180,000 shares. Yesterday, IHI announced that its wholly-owned subsidiary Corinthia Hotels Limited concluded a strategic investment in Global Hotel Alliance (“GHA”) which, in turn, is the world’s largest alliance of independent hotel brands.
  • Eight deals totalling 125,401 shares left the equity of BMIT Technologies plc at the €0.53 level.
  • Simonds Farsons Cisk plc retained its fifteen-month high of €8.75 across 1,720 shares.
  • Today, Tigné Mall plc published its annual report and financial statements for the year ended 31 December 2018. The company reported a growth of 4.9% in EBITDA to €5.82 million and a 6.1% increase in net profits to €2.46 million. The improved financial performance reflects increased business at The Point Shopping Mall as well as lower net finance costs. The Directors are recommending a 2% increase in the final net dividend to €0.0131 per share. The final dividend is payable on 5 July to all shareholders as at close of trading on 18 June. The equity remained inactive today.