Daily Market Highlights

August 16, 2019

MSE Equity Price Index gains on low volumes


The MSE Equity Price Index added 0.14% to 4,817.561 points as the gains in BOV, HSBC and GO outweighed the declines in IHI, Lombard and GHM. Meanwhile, BMIT, Malita and PG traded unchanged amid a quiet day for local equities. Download today’s Equity Market Summary.

The two largest banks trended higher today. Bank of Valletta plc regained the €1.07 level (+0.9%) across 19,823 shares whilst HSBC Bank Malta plc advanced by 0.7% back to the €1.50 level on two deals totalling 12,500 shares.

GO plc opened at a low of €4.40 (-1.8%) before recovering to end at the €4.50 level across 5,000 shares.

Also among the large companies, International Hotel Investments plc eased by a further 0.7% to the €0.745 level albeit on trivial volumes. IHI has not yet announced the date of the publication of the interim financial statements due by the end of August.

Low trading activity also took place in the equity of Grand Harbour Marina plc which tumbled by 5.4% to the €0.70 level.

A single deal of 4,400 shares forced the equity of Lombard Bank Malta plc to move 0.9% lower back to the €2.26 level. Lombard is due to publish its interim financial results on 21 August.

Meanwhile, BMIT Technologies plc held on to the €0.53 level across 23,800 shares.

Malita Investments plc (14,150 shares) and PG plc (3,000 shares) also traded flat at €0.85 and €1.65 respectively. Shareholders of Malita as at close of trading on Monday 19 August will receive a net interim dividend of €0.00858 per share.

The RF MGS Index surged 0.78% to 1,181.840 points as several prices of Malta Government Stocks reached fresh new all-time highs amid heightened expectations that the European Central Bank will unleash a new set of stimulus measures at its next monetary policy meeting which is due to be held on 12 September 2019.