Daily Market Highlights (28.09.2018)

  • The MSE Equity Price Index surged by 1.34% today to a seven-week high of 4,383.395 points as several equities performed positively whilst trading volumes increased notably to a near two-month high of €0.77 million. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index erased yesterday’s gains as it slipped by 0.13% to a fresh four-year low of 1,084.385 points. The drop in the prices of Malta Government Stocks reflected movements in the yields of Italian government bonds. The latter came under heavy selling pressure (yields surged) amid new concerns over the sustainability of the country’s fiscal position after the populist government enacted a more aggressive budget deficit than investors had previously anticipated.
  • Simonds Farsons Cisk plc added 2% to an eight-month high of €7.70 on strong volumes totalling 28,300 shares having a market value of €0.22 million.
  • Two deals totalling 8,200 shares lifted the equity of GO plc to its highest level in nearly twelve years of €3.64 (+2.8%).
  • HSBC Bank Malta plc added 1.7% to regain the €1.75 level across 23,693 shares whilst Bank of Valletta plc rebounded by 0.7% from its six-year low of €1.44 to the €1.45 level on activity totalling 23,135 shares.
  • Within the same sector, FIMBank plc moved to a seven-month high of USD0.63 (+3.3%) across 20,493 shares.
  • PG plc advanced by 0.7% to regain its 2018 high of €1.40 on eight deals totalling 62,885 shares.
  • International Hotel Investments plc and Santumas Shareholdings plc also performed positively today with gains of over 4% to €0.645 and €1.41 respectively albeit on shallow volumes.
  • In contrast, both Tigne’ Mall plc and Plaza Centres plc posted sharp declines. Tigne’ Mall shed 3% back to the €0.96 level across 40,333 shares whilst Plaza returned to the €1.00 level (-3.8%) on activity totalling 92,500 shares.
  • Meanwhile, Malta International Airport plc retained its all-time high of €6.05 across 3,809 shares.
  • Mapfre Middlesea plc also traded unchanged at the €1.83 level on a single deal of 100,000 shares.