MIA announces record traffic in first half of 2023

The MSE Equity Price Index extended yesterday’s gain by a further 0.05% to a fresh one-year high of 3,775.338 points. The uplift in the share prices of MIA, APS, and MaltaPost outweighed the declines in Trident, Malita and BMIT. Meanwhile, Bank of Valletta plc closed unchanged at the €1.23 level after recovering from an intra-day low of €1.18 (-4.1%) across five deals totalling 16,500 shares. Download today’s Equity Market Summary.

Malta International Airport plc advanced by 0.9% to the €5.60 level across five trades totalling 540 shares. Following the close of trading, MIA published the June 2023 traffic results. Passenger movements exceeded their relative 2019 figures for the sixth consecutive month, reaching a record figure for June of 754,258 passenger movements, which is 4.5% above the comparable figure of 721,565 registered in June 2019. Passenger movements in June 2023 are 25% higher than the movements registered in the same month last year. In the first six months of the year, passenger movements at MIA amounted to 3.43 million, representing an increase of 5.6% over the corresponding period in 2019 and 46.4% above the passenger traffic recorded in the same period last year.

MaltaPost plc was today’s best performing equity as it surged by 9% to the €0.458 level on a single trade of 4,000 shares.

APS Bank plc rose by 0.8% to the €0.605 level on one deal of 5,967 shares. APS is scheduled to release its interim results on 27 July

In contrast, BMIT Technologies plc shed 2.4% to the €0.41 level on one trade of 2,825 shares.

Trident Estates plc slumped by 7.4% to a three-month low of €1.25 as 1,679 shares changed hands.

Also in the property sector, Malita Investments plc declined by 1.7% to a two-week low of €0.59.

Today, GO plc announced that its Board of Directors is scheduled to meet on Tuesday 18 July 2023 to consider the declaration of an interim dividend.

The RF MGS Index moved higher for the first time in six sessions as it gained 0.03% to 861.583 points, driven by the price increases in long term MGS. Germany’s annual consumer price inflation in June increased when compared to the previous month while the indicator of economic sentiment within the eurozone’s largest economy hit the lowest level since December. Meanwhile in the UK, mortgage rates reached the highest levels in 15 years, adding fears that the economic activity will weaken further in the coming months.

This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.