Daily Market Highlights (08.01.2019)

  • The MSE Equity Price Index erased some of yesterday’s declines as it rebounded by 0.19% to 4,463.967 points on the back of gains in GO and IHI which outweighed the drops in BOV, Trident and MPC. Meanwhile, a further four equities closed the day unchanged. Trading volumes improved slightly from yesterday with €0.31 million worth of shares changing hands during today’s session. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index moved lower for the third consecutive day as it slipped by a further 0.18% to 1,090.867 points. Sovereign bond prices in the euro area continued to suffer amid sustained hopes that current talks between the US and China on trade will ease tension and eventually lead to positive outcomes.
  • GO plc surged 3.6% to the €4.04 level across 32,643 shares. Yesterday, GO announced that the Listing Authority approved the Prospectus for the upcoming IPO of BMIT Technologies plc (“BMIT”) and the admissibility to listing of the ordinary shares of BMIT on the regulated main market.
  • International Hotel Investments plc added 2.5% to regain the €0.615 level albeit on just 2,000 shares.
  • Low trading activity also took place in the equities of Trident Estates plc and Malta Properties Company plc. Trident shed 1.3% to the €1.48 level whilst MPC slumped 7% back to the €0.53 level.
  • Bank of Valletta plc retreated 1.5% to its multi-year low of €1.30 across 33,723 shares.
  • Meanwhile, three deals totalling 60,000 shares left the equity of PG plc unchanged at the €1.37 level.
  • RS2 Software plc retained the €1.40 level across 13,242 shares whilst Mapfre Middlesea plc maintained its nine-month high of €2.10 on 10,000 shares.
  • On the Alternative Companies List, Loqus Holdings plc also closed flat at the €0.077 level on trivial volumes.