Daily Market Highlights

April 13, 2021

Light activity across local equities

 

The MSE Equity Price Index remained unchanged at 3,975.817 points as the gains recorded in BOV and BMIT were equally offset by the drops in RS2 and PG whilst MIA and Harvest closed flat. Trading activity contracted sharply as only €0.08 million worth of shares changed hands. Download today’s Equity Market Summary.

Bank of Valletta plc added 1.1% to the €0.91 level across 15,161 shares.

BMIT Technologies plc also performed positively with a gain of 1% to regain the €0.53 level albeit on just 2,000 shares. Shareholders as at close of trading on 22 April will be entitled to receive a final net dividend of €0.02922 per share.

Also in the technology segment, Harvest Technology plc eased by 0.7% back to the €1.44 level on volumes totalling 22,684 shares.

Malta International Airport plc retracted by 0.8% to the €6.15 level across 2,000 shares.

Meanwhile, RS2 Software plc retained the €1.79 level on volumes of 5,845 shares. The deadline of the offer of up to 28.6 million new preference shares at an offer price of €1.75 per preference share is Friday 16 April or earlier.

Two deals totalling 5,000 shares left the equity of PG plc at the €2.04 level.

The RF MGS Index posted its sharpest daily decline for the month as shed 0.27% to 1,113.367 points. In an interview with CNBC yesterday, ECB President Christine Lagarde stated that the European inflation rate this year will probably reach 1.5%, but it might go down again, even though the target is to remain close to, but below 2%. She also explained that the European fiscal stimulus is intended to make Europe “more digital, more green, more effective.” Elsewhere, today, the German government agreed on controversial changes to a national infections control law, which is set to pave the way for tougher mitigation measures related to the coronavirus pandemic.