Daily Market Highlights

January 20, 2021

Activity in equities surges to 1-month high

 

The MSE Equity Price Index eased by 0.03% to 4,023.638 points as RS2, MIA and GO trended higher whilst another four companies ended in negative territory. Meanwhile, PG, BMIT and Malita closed unchanged as overall trading volumes surged to a one-month high of €0.74 million. Most of the increase in activity resulted from the heightened trading in Plaza (€0.21 million), PG (€0.16 million), BMIT and RS2 (€0.1 million). Download today’s Equity Market Summary.

RS2 Software plc added 1% to regain the €2.00 level across 50,500 shares.

Also among the large companies by market value, Malta International Airport plc (2,800 shares) and GO plc (7,000 shares) advanced by 0.8% and €0.6% to €6.15 and €3.48 respectively.

In contrast, a single deal of 20,000 shares forced the equity of Bank of Valletta plc to retract by 0.8% to the €0.94 level.

Simonds Farsons Cisk plc lost 1.9% to the €7.55 level on a total of 1,852 shares.

Plaza Centres plc was the worst performing equity today with a drop of just over 4% back to the €0.94 level on volumes totalling 218,328 shares.

In the same segment, Malta Properties Company plc drifted 1.6% lower to €0.492 across 112,404 shares.

Meanwhile, Malita Investments plc retained the €0.90 level across 49,175 shares.

BMIT Technologies plc opened at a high of €0.49 (+2.1%) before ending flat at the €0.48 level on volumes amounting to 210,203 shares.

PG plc remained at its all-time high of €2.06 on increased volumes amounting to 78,336 shares.

The RF MGS Index trended higher for the first time in three days as it advanced by 0.13% to 1,131.323 points. Across international financial markets, attention is centred on the transition of power in the US where incoming President Joe Biden is expected to kickstart his mandate with a series of executive orders in line with his ambitious political agenda. Elsewhere in Europe, although Italian Prime Minister Giuseppe Conte survived a vote of confidence in the Senate, his government is now only backed by a minority in Parliament after the withdrawal of Matteo Renzi’s Italia Viva party from the ruling coalition over disagreements about the country’s top priorities for utilising the EU’s coronavirus recovery funds.