• The MSE Equity Price Index shed 0.34% to a three-week low of 4,367.774 points, mostly due to the 3.2% decline the share price of MIA which outweighed gains in MIDI, Tigne’ Mall and Plaza. Meanwhile, five other shares closed the day unchanged amid an overall quiet trading session in terms of total volumes transacted. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index opened this shortened week in negative territory as it slipped by 0.1% to a one-week low of 1,102.943 points, reflecting a sharp rise in the yields of euro peripheral countries as risk aversion rose markedly in view of the added risks arising from escalating global trade tensions.
  • Malta International Airport plc shed 3.2% to a seven-week low of €4.82 albeit on just 2,650 shares.
  • A single deal of 2,470 shares forced the equity of HSBC Bank Malta plc 0.5% lower back to the €1.82 level.
  • On the other hand, Bank of Valletta plc closed unchanged at the €1.745 level after opening at a low of €1.73 (-0.9%). A total of 11,469 shares changed hands.
  • A further four equities traded flat today on weak volumes. These included FIMBank plc (USD0.52), International Hotel Investments plc (€0.68), Medserv plc (€1.00) and RS2 Software plc (€1.25). IHI shareholders as at close of trading tomorrow will be entitled to a net interim dividend of €0.02 per share.
  • In contrast, three property-related equities trended positively today. The best performing among these three shares was Plaza Centres plc with a gain of 2.9% to reach a five-month high of €1.07 albeit on just 1,000 shares.
  • MIDI plc extended its recent positive upswing with a further gain of 0.4% to its IPO price of €0.45 across 111,444 shares. Last Thursday, MIDI announced that it entered into preliminary discussions with Tumas Group Company Limited to explore the possibility of establishing a joint venture with respect to the development of Manoel Island. On Wednesday, MIDI also published an updated Financial Analysis Summary showing that the company is anticipating revenue of €67.8 million during 2018, EBITDA of €25 million and a profit after tax of €23.5 million. These results are expected to help the net asset value per share to rise to €0.47.
  • Tigne’ Mall plc recaptured the €0.95 level (+1.6%) across five deals totalling 26,000 shares. This morning, the company held its AGM during which shareholders approved all resolutions placed on the agenda, including the payment of a final net dividend of €0.012875 per share which will now be paid on 18 July.

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