Daily Market Highlights (28.02.2019)

  • The MSE Equity Price Index moved higher for the fourth consecutive day as it added a further 0.72% to an over one-week high of 4,523.587 points. Several equities trended in positive territory, including IHI, RS2, GO and BMIT. On the other hand, only BOV moved lower whilst a further four shares closed the day unchanged. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index erased some of yesterday’s decline as it advanced by a marginal 0.01% to 1,104.742 points. Sovereign bond yields in the euro area moved higher, possibly reflecting a rebound in inflation in Germany as well as upbeat consumer spending data in France.
  • The majority of today’s trading activity took place in International Hotel Investments plc. The equity surged 6.1% to the €0.70 level after partially retreating from its highest level since late December 2015 of €0.72. A total of 384,900 shares changed hands having a market value of €0.27 million. IHI announced today that it submitted an application to the Listing Authority of the Malta Financial Services Authority requesting the admissibility to listing of €20 million 4% unsecured bonds maturing in 2026.
  • Also among the large companies, GO plc moved to yet another multi-year high of €4.54 (+0.9%) on a total of 15,824 shares. The company is due to publish its 2018 full-year financial results on 8 March.
  • RS2 Software plc added 1.4% to regain the €1.42 level after briefly touching an intra-day low of €1.35 (-3.6%). A total of 11,740 shares traded.
  • BMIT Technologies plc (113,177 shares) and Mapfre Middlesea plc (1,000 shares) both advanced by 1% to €0.53 and €2.00 respectively. BMIT is scheduled to publish its 2018 financial results on 7 March.
  • In the oil and gas segment, the share price of Medserv plc increased by 0.9% to €1.11 on 20,000 shares.
  • MaltaPost plc climbed 4.1% to the €1.27 level albeit on low volumes.
  • Subdued trading activity also took place in Bank of Valletta plc and Malta Properties Company plc. BOV retracted by 0.8% to the €1.26 level whilst MPC ended flat at €0.55. BOV will be publishing its 2018 annual financial statements on 15 March and MPC on 20 March.
  • Malta International Airport plc maintained its all-time high of €6.50 across 1,657 shares. Shareholders as at close of trading on 11 April will be entitled to a final net dividend of €0.09 per share.
  • A single deal of 25,000 shares left the equity of Plaza Centres plc at the €1.02 level whilst MIDI plc also closed unchanged at the €0.65 level on a total of 36,450 shares.