Daily Market Highlights

Dec 11, 2018



  • Yesterday’s rebound in the MSE Equity Price Index was short lived as the local equity index slipped by 0.25% to 4,435.821 points as most of the active equities today trended in negative territory. Trading activity improved as it reached €0.39 million most of which was related to trading in GO plc. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index extended its negative trend as it declined by a further 0.05% to 1,086.664 points as the benchmark 10-year yield continued to trend higher this morning. However, after reaching an intra-day high of 0.277%, it slipped back to the 0.24% level as the unexpected improvement in German economic was offset by intensifying expectations that the fourth quarter growth in Europe’s largest economy is likely to be weak in view of Brexit and the international trade disputes.
  • Bank of Valletta plc trended lower for the second consecutive session with a further 0.8% decline back to the €1.31 level on shallow volumes of 6,900 shares.
  • Similarly, the equity Malta International Airport plc eased by 0.8% on a single deal of 1,650 shares.
  • In the property segment, Malita Investments plc shed 2.3% to €0.87 on a trade of 28,200 shares and Trident Estates plc moved 1.3% lower back to the €1.48 level on just 1,000 shares.
  • The only other negative performing equity was MaltaPost plc with a 0.6% drop back to the €1.60 level on insignificant volumes.
  • Meanwhile, GO plc held on to the €3.90 level on strong volumes of 86,000 shares having a total value of almost €0.34 million.
  • Simonds Farsons Cisk plc held on to the €8.00 level on a single deal of 1,000 shares.
  • Likewise, RS2 Software plc retained the €1.13 level on shallow volumes of 3,000 shares.