MIA climbs to two-month high

The MSE Equity Price Index moved 0.12% higher to 3,763.455 points as the gains in MIA and APS outweighed the decline in Malita. Meanwhile, three other equities closed unchanged as the total trading activity was muted at a four-week low of €0.03 million. Download today’s Equity Market Summary.

Malta International Airport plc advanced by 0.9% to an 11-week high of €5.65 across three deals totalling 1,075 shares. MIA is set to publish its interim financial statements for the six-month period ended 30 June 2023 on Tuesday 1 August.

APS Bank Malta plc moved 0.8% higher to a one-month high of €0.615 on two trades totalling 16,288 shares. APS will publish its interim financial statements for the six-month period ended 30 June 2023 on Thursday 27 July.

On the other hand, Malita Investments plc retracted by 4% to the €0.60 level on a single deal of 5,000 shares.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.24 level after opening at low of €1.21 (-2.4%) across two trades totalling 7,000 shares. BOV will publish its interim financial statements for the six-month period ended 30 June 2023 on Thursday 27 July.

Simonds Farsons Cisk plc traded flat the €7.00 level as 700 shares changed hands.

PG plc held the €2.04 level on trivial volumes.

Today, Tigné Mall plc announced that its Board of Directors is scheduled to meet on Friday 11 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023. The Directors will also consider the declaration of an interim dividend.

The RF MGS Index remained relatively unchanged at 873.011 points. According to the IMF’s updated World Economic Outlook which was publish today, global growth is expected to ease to 3% in 2023, compared to 3.5% last year. Nonetheless, the latest update shows that this year’s growth will be 0.2 percentage points higher than originally expected, despite a slower-than-expected recovery in China. Meanwhile, global headline inflation is expected to fall to 6.8% in 2023 as opposed to 8.7% in 2022 driven by lower commodity prices.