Daily Market Highlights

June 26, 2020

MSE Equity Price Index posts three day winning streak

 

The MSE Equity Price Index inched 0.06% higher to 4,038.498 points as it advanced for the third day in succession across persistently subdued volumes. The gains in BMIT, FIMBank and Malita outweighed the decline in BOV whilst five other equities ended the day unchanged. Download a copy of today’s Equity Market Summary.

Two deals totalling 28,000 shares saw BMIT Technologies plc climb by 2.9% to the €0.49 level.

FIMBank plc rose by 2.4% to the USD 0.42 level across a single trade totalling 3,750 shares. 

Malita Investments plc advanced by 1.7% to the €0.91 level across 7,350 shares.

Today’s only negatively performing equity, Bank of Valletta plc, lost just under 1% as it returned to the €1.01 level.

Also within the same sector, HSBC Bank Malta plc held onto the €0.96 level across 4,625 shares.

A single trade of 2,000 shares in International Hotel Investments plc left the equity flat at the €0.595 level. IHI is due to publish its 2019 financial results later on today.

Similarly, Malta International Airport plc remained rooted to the €5.80 level across 1,010 shares.

Also among the large companies, RS2 Software plc closed unchanged at the €2.40 level after recovering from an intraday low of €2.38 (-0.8%) across 11,950 shares.

Meanwhile, PG plc retained the €1.97 level as 3,300 shares changed hands.

The RF MGS Index climbed to a near 3-week high of 1,100.070 points as it added a further 0.08% onto yesterday’s gains. Today, ECB president Ms Christine Lagarde warned that the economic recovery from the economic hit caused by coronavirus will be “restrained” as households saved instead of spending while some airlines and hotels suffer “irremediable” damage. Meanwhile, investors remained on alert as the rate of new coronavirus cases around the world continued to rise at an alarming rate and in the process fuelling fears of a second wave.