MIA closes at new record level

The share price of Malta International Airport plc jumped 2% during this morning’s session to register its highest ever closing price of €2.04. The equity had traded at a record level of €2.05 on 22 May but never closed above the €2.00 level. Volumes this morning however were weak with only 1,500 shares changing hands. Last week the airport operator revealed a further 9.8% increase in passenger movements during the month of May taking the tally of passenger movements for the first five months of the year to over 1.3 million representing a 9% increase over the previous year’s comparable period.

Shallow trading activity was also evident across the other five active equities with only €63,692 worth of shares changing hands today.

Bank of Valletta plc edged 0.2% higher to €2.27 across three deals totalling 11,450 shares. The equity of Island Hotels Group Holdings plc also closed in positive territory today with a 7.5% jump to the €0.575 level across 14,500 shares.

Meanwhile, all other active equities ended the session unchanged. A single deal of 310 GO plc shares was transacted at the €1.55 level and Grand Harbour Marina plc shares held on to the €1.59 level across 1,000 shares. Likewise, Simonds Farsons Cisk plc maintained the €2.65 level on low volumes of 9,162 shares.

On the bond market, the Rizzo Farrugia MGS Index slipped 0.1% to 1,019.378 points as Eurozone yields surpassed the 1.55% level in line with market expectations of no changes in the near term to the monetary policies of the US Federal Reserve (as more sustained improvement in economic data is needed for US central bank to start reducing its asset purchase programme) and the European Central Bank (given last week’s decision to maintain existing measures in view of a stabilising Eurozone economy).