Pg 1 of 1971234Last »
  • The MSE Share Index moved lower for the third consecutive trading session today as it slipped by a further 0.30% to a one-week low of 4,647.102 points. Trading activity was limited to four equities only but overall volumes still improved from yesterday to €0.26 million. Download a copy of today’s Equity Market Summary.
  • On the bond market, the 0.23% rebound in the RF MGS Index yesterday proved short-lived as the Index fell by 0.28% today to a five-day low of 1,138.824 points. Euro zone sovereign yields gained ground (bond prices fell) amid encouraging inflationary data. Indeed, fresh statistics issued today showed that the euro zone Consumer Price Index (CPI) advanced 0.5% month-on-month in December from -0.1% in the previous month whilst the Core CPI, which excludes volatile components like food and energy, came in at 0.4% from -0.2% in November. On a yearly basis, the CPI rose by 1.1% in 2016 – the highest in three years. Nonetheless, these figures are still below the European Central Bank’s target of an inflation rate of close but lower than 2%.
  • The most activity traded equity was MaltaPost plc which rebounded by 2.5% to the €2.05 level on heightened activity totalling 77,864 shares. The postal operator is due to hold its Annual General Meeting on 27 January during which shareholders will be asked to approve a net dividend of €0.04 per share (to be paid on 27 February 2017).
  • The equity of Bank of Valletta plc advanced for the fifth consecutive trading session as it inched 0.2% higher to the €2.185 level across 31,492 shares.
  • In contrast, HSBC Bank Malta plc closed the day 2.1% lower at €1.91 after touching an intra-day low of €1.90. A total of just 3,031 shares changed hands. The Bank is expected to reveal its 2016 annual results on 21 February 2017. The Directors will also consider the declaration of a final dividend to be recommended during the Annual General Meeting to be held on 13 April 2017.
  • Two deals totalling 16,000 shares pulled the equity of Medserv plc back to the €1.62 level – representing a decline of 2.4%.

Responses are currently closed, but you can trackback from your own site.