Daily Market Highlights (07.09.2018)

  • The MSE Equity Price Index extended its positive trend with a rise of a further 0.19% during today’s session to reach a fresh 4-week high of 4,347.612 points. Three equities, including MIA and Farsons, trended higher today whilst BOV close lower. Over the week, the MSE Equity Price Index edged 1.6% higher largely reflecting the gains in MIA, HSBC, Farsons and FIMBank. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index moved back into positive territory with a 0.16% increase to an almost 2-week high of 1,089.963 points as the benchmark 10-year German Bund yield regained the 0.37% level on the back of reassurances from Italy that it will control its level of debt and will respect the principles of Europe’s economic policy guidance. As a result, the yields of the peripheral countries, such as Spain and Italy, eased lower.
  • The share price of Malta International Airport plc trended higher for the second consecutive session with a rise of a further 0.9% to reach yet another all-time high of €5.80 on volumes of 5,148 shares. The airport operator this morning announced its August traffic results revealing a 9.5% increase in passenger movements to a record of 759,547 passengers on the back of a 10.5% growth in seat capacity which offset the marginal decline in the seat load factor to 87.4%.
  • Similarly, the equity of Simonds Farsons Cisk plc jumped by 2% to close at the €7.65 level on a single deal of 343 shares.
  • A single trade was also executed in PG plc as the equity edged 1.5% higher to recapture the €1.38 level across 1,100 shares.
  • On the other hand, Bank of Valletta plc eased lower for the second successive session as the share price closed below the €1.50 level for the first time since October 2012. The equity ended today’s session at the €1.495 level representing a 0.3% drop from the previous closing price on volumes of 37,152 shares.
  • Meanwhile, MIDI plc held on to its all-time high of €0.57 across 41,000 shares.
  • Likewise, Medserv plc closed today’s session unchanged at the €1.09 level across three deals totalling 10,000 shares.