Daily Market Highlights

October 15, 2019

MSE Equity Price Index falls to 6-week low


The MSE Equity Price Index extended yesterday’s decline by a further 0.6% to a fresh 6-week low of 4,792.394 points largely reflecting declines in BOV, HSBC and Farsons. A further four equities ended the day in negative territory whilst IHI, RS2, Malta Properties and Santumas Shareholdings trended lower. Another six equities remained unchanged. Meanwhile, trading activity contracted sharply to €0.13 million. Download today’s Equity Market Summary.

Amongst the large equities by market capitalisation, Bank of Valletta plc eased lower for the third consecutive session with a further 1.4% to €1.095 across 25,937 shares. Similarly, HSBC Bank Malta plc extended yesterday’s decline with a further 2.3% drop to €1.28 on volumes of 12,790 shares.

A total of 18,300 shares of BMIT Technologies plc changed hands at the €0.52 level representing a 1.9% drop from the previous closing price.

Simonds Farsons Cisk plc also ended the day lower as it fell by 4% to €12.10 level across 364 shares and a single deal of 1,267 shares of Trident Estates plc forced the equity 1% lower back to the €1.90 level.

PG plc and MaltaPost plc declined by 1.6% to €1.84 and 0.8% to €1.30 respectively across low volumes.

On the other hand, RS2 Software plc edged 0.5% higher at the €1.93 level across 5,701 shares.

A single trade of 3,550 shares saw Malta Properties Company plc surge by 6.8% to the €0.705 level.

Meanwhile, Santumas Shareholdings plc rose 1.36% from the post-bonus adjusted price of €1.47 to the €1.49 level across 6,500 shares.

International Hotel Investments plc ended the day higher as it rose by 1.3% to the €0.78 on trivial volumes.

Low trading activity also took place across the equities of GO plc (€4.20), MIDI plc (€0.695), Mapfre Middlesea plc (€2.12) and Tigne Mall plc (€0.935), all of which closed unchanged.

Lombard Bank Malta plc also traded unchanged today as it retained the €2.26 level across a single trade of 12,128 shares.

Similarly, Malta International Airport plc maintained the €7.50 level on just 531 shares.

The RF MGS Index inched 0.03% higher to 1,171.217 points following three consecutive days of declines as the 10-year German bond rebounded to the -0.45% level this morning. This afternoon, the 10-year German Bund recovered sharply as it touched an intraday high of -0.405% on the back of rumours that the UK and the EU are close to reaching a deal on Brexit.