Daily Market Highlights (23.01.2019)

  • The MSE Equity Price Index moved 0.4% higher to 4,389.055 points as the gains in six equities outweighed the declines in another three equities. Meanwhile, MIDI and MIA closed the day unchanged. Trading volumes improved to €0.22 million compared to €0.17 million yesterday. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index moved higher for the third consecutive day as it added a further 0.05% to a six-month high of 1,101.626 points. Prices of Malta Government Stocks gained ground as euro sovereign bond yields drifted lower amid various uncertainties across financial markets including Brexit, weakening global economic growth, government shutdown in the US, and US-China trade relations.
  • GO plc surged by 2% to regain the €4.12 level across 6,730 shares.
  • MaltaPost plc and Mapfre Middlesea plc also posted strong gains today as they climbed 8.3% to €1.30 and 6.6% to €1.95 respectively albeit on shallow activity.
  • A single deal of 15,000 shares lifted the equity of PG plc 0.8% higher to the €1.33 level.
  • In the property segment, Main Street Complex plc recapture its IPO price of €0.65 (+1.6%) on trivial volumes whilst Malita Investments plc advanced 1.1% to the €0.88 level across 33,450 shares.
  • In contrast, Trident Estates plc extended its recent negative trend with a further drop of 0.8% to the €1.28 level across 12,250 shares.
  • Bank of Valletta plc continued to trade within a tight range as the equity eased by 0.8% to €1.29 on 43,539 shares.
  • RS2 Software plc also ended in negative territory today with a drop of 0.7% to the €1.38 level albeit on just 7,100 shares.
  • Meanwhile, three deals totalling 17,350 shares left the equity of MIDI plc unchanged at the €0.66 level.
  • Malta International Airport plc close unchanged at the €5.95 level after recovering from an intra-day low of €5.85 (-1.7%) on total volumes of 6,539 shares.