Daily Market Highlights (06.12.2018)
- Following the declines registered in the previous four days, the MSE Equity Price Index rebounded by 0.1% to 4,462.761 points. GO and BOV trended higher (albeit on shallow volumes) whilst both MIA and RS2 lost more than 1%. Meanwhile, HSBC, IHI and Lombard ended the day unchanged. Trading volumes remained high largely reflecting robust activity in RS2. Download a copy of today’s Equity Market Summary.
- The RF MGS Index moved higher for the fifth consecutive day as it added a further 0.02% to a near three-month high of 1,088.419 points. Malta Government Stock prices continued to gain ground amid heightened US-Chinese trade worries which, in turn, fuelled yet another sharp sell-off across global equity markets.
- Bank of Valletta plc regained the €1.33 level (+1.1%) across 17,017 shares whilst GO plc surged 2.1% to the €3.98 level on trivial volumes. On Monday, GO shareholders approved the IPO of BMIT Technologies plc.
- In contrast, RS2 Software plc slipped by 1.7% to the €1.13 level on three deals totalling 261,000 shares.
- Malta International Airport plc also trended lower today as the equity retreated by 1.6% back to the €6.00 level across 19,771 shares. The airport operator is soon expected to publish the November traffic results.
- Also among the large companies, HSBC Bank Malta plc retained the €1.80 level across 7,667 shares. As indicated in the Interim Directors’ Statement dated 9 November 2018, the bank is expected to issue an update on its medium-term capital plan in the coming weeks.
- A single deal of 5,000 shares left the equity of International Hotel Investments plc at the €0.60 level.
- Lombard Bank Malta plc also traded unchanged at the €2.40 level across 8,200 shares.