Daily Market Highlights (05.09.2018)

The MSE Equity Price Index extended yesterday’s gains by a further 0.47% to 4,305.523 points. Four equities trended higher, including GO and BOV, whilst only Mapfre Middlesea ended lower. Meanwhile, IHI, MIA and Farsons closed the day unchanged. Trading volumes improved to a four-day high of €0.28 million. Download a copy of today’s Equity Market Summary.

The RF MGS Index moved higher for the second consecutive day as it added 0.15% to a one-week high of 1,089.226 points. Volatility across financial markets increased notably amid renewed global trade uncertainties as well as concerns over adverse developments in emerging markets in general.

Bank of Valletta plc remained the most actively traded as the equity regained the €1.51 level (+0.7%) on activity totalling 88,110 shares having a market value of €0.13 million.

Also in the banking sector, FIMBank plc added 2.6% to a five-month high of USD0.59 across 22,050 shares.

MIDI plc jumped 2.7% to recapture its all-time high of €0.57 on six deals totalling 101,650 shares.

GO plc also performed positively today with a gain of 2.4% back to the €3.44 level across 11,403 shares.

In contrast, both International Hotel Investments plc and Malta International Airport plc traded unchanged at €0.62 and €5.65 respectively on much lower volumes. MIA is soon expected to announce the traffic results for the month of August.

Simonds Farsons Cisk plc retained the €7.50 level after opening at a low of €7.35 (-2%). A total of 3,100 shares traded. Today, Farsons announced that its Board of Directors is scheduled to meet on Wednesday 19 September to consider and approve the interim financial statements covering the six-month period ended 31 July 2018. The Directors will also be considering the distribution of an interim dividend.

Mapfre Middlesea plc lost 2.2% to the €1.82 level albeit on trivial volumes.