Daily Market Highlights

Aug 22, 2017


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  • Following yesterday’s marginal gain of 0.09%, the MSE Share Index dropped by 0.52% to a near one-week low of 4,668.452 points, reflecting the 6.1% decline in the share price of FIMBank as well as the losses in three of the larger companies by market capitalisation – namely BOV (-0.7%), MIA (-0.6%), and RS2 (-0.5%). Trading volumes dropped significantly to €0.25 million when compared to €0.52 million yesterday. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index moved higher for the fourth consecutive day as it gained a further 0.06% to a near eight-week high of 1,130.713 points. Euro zone sovereign yields gained ground today despite the publication of a result of a survey showing that investor sentiment in Germany dropped for the third successive month in August to a ten-month low.
  • A single deal of 126,529 shares pulled the equity of FIMBank plc 6.1% lower back to the USD0.75 level.
  • Also in the banking sector, Bank of Valletta plc retreated by 0.7% from its near three-week high of €2.149 to the €2.135 level across 24,216 shares.
  • RS2 Software plc slipped by 0.5% to the €1.78 level on two deals totalling 43,000 shares whilst Malta International Airport plc lost 0.6% to the €4.175 level on trivial volumes. Today, the equity of MIA started trading without the entitlement to the recently declared net interim dividend of €0.03 per share.
  • On the other hand, GO plc maintained the €3.599 level across 3,000 shares whilst PG plc also closed the day unchanged at €1.39 on a single deal of 13,590 shares.
  • Meanwhile, Santumas Shareholdings plc climbed 4.4% to reach a new record high of €2.245 on volumes totalling 4,000 shares.
  • Tomorrow, Medserv plc is due to publish its interim results for the six-month period ended 30 June 2017 whilst Lombard Bank plc and International Hotel Investments plc will issuer their interim financial statements on Thursday.
  • Tomorrow, trading is expected to commence in the newly listed €15 million 4.5% Grand Harbour Marina plc 2027 bonds.