Daily Market Highlights

February 4, 2019
  • The MSE Equity Price Index opened the week in positive territory as its climbed by 0.3% to a three-week high of 4,454.733 points. GO and MIA extended their recent positive trend and BOV rebounded from its multi-year low. On the other hand, HSBC drifted lower whilst a further four equites closed the day unchanged. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index erased all the gains registered last week as it slipped by 0.22% to 1,103.069 points. Movements in Government Stock prices mostly reflected changes in the yields of the two largest peripheral countries – namely Spain and Italy – which, in turn, moved higher despite further indications of economic slowdown in the euro area.
  • GO plc added 0.5% to yet another multi-year high of €4.28 on high volumes totalling 38,460 shares. The telecoms operator is due to publish its 2018 annual financial results on Friday 8 March. The Directors will also consider recommending a final dividend to shareholders at the company’s Annual General Meeting. 
  • Also among the large companies, Malta International Airport plc climbed 0.8% to the €6.35 level (just below its all-time high of €6.40) across 9,250 shares.
  • Bank of Valletta plc rebounded by 1.6% from its multi-year low of €1.26 back to the €1.28 level albeit on just 13,250 shares.
  • In contrast, HSBC Bank Malta plc lost 0.6% to a four-month low of €1.72 across 57,211 shares.
  • Meanwhile, PG plc maintained the €1.33 level across 13,370 shares.
  • A single deal of 5,000 shares left the equity of Simonds Farsons Cisk plc at the €8.25 level.
  • Malta Properties Company plc (47,200 shares) and MaltaPost plc (4,259 shares) also traded unchanged at €0.52 and €1.27 respectively.