Daily Market Highlights (03.07.2017)

  • The MSE Share Index eased marginally lower today to 4,694.936 points as the declines in IHI, Mapfre Middlesea and Malta Properties were largely offset by increases in the share prices of HSBC, MIA and RS2. Meanwhile, a further three equities closed today’s trading session unchanged. Download a copy of today’s Equity Market Summary. Download a copy of today’s Equity Market Summary.
  • Marginal changes were also registered in the RF MGS Index. The local MGS benchmark was practically unchanged at 1,123.138 points as the benchmark 10-year eurozone yield opened relatively unchanged at around the 0.48% level. Although yields eased lower thereafter, the benchmark 10-year Bund yield rebounded strongly this afternoon and has once again exceeded the 0.48% level. This was largely triggered by better-than-expected manufacturing figures in Germany as well as the confirmation of an unchanged unemployment rate of 9.3% (an eight-year low) across the eurozone in May.
  • RS2 Software plc registered its ninth consecutive daily uplift after it recovered from an intra-day low of €1.70. The equity closed today’s session 0.3% higher at yet another 2017 high of €1.725 on volumes of 34,100 shares.
  • Malta International Airport plc edged up by 0.1% to the €4.12 level across two deals totalling 5,750 shares. The airport operator is expected to publish its June traffic results and the updated forecast for 2017 in the coming weeks.
  • The only other positive performing equity was HSBC Bank Malta plc with a rise of almost 1% to recapture the €2.07 level across seven deals totalling 12,325 shares.
  • On the other hand, International Hotel Investments plc eased 1.6% lower back to the €0.61 level on a single trade of 10,000 shares.
  • Likewise, Malta Properties Company plc drifted 1.7% lower back to the €0.52 level albeit on very low volumes of 3,800 shares.
  • Mapfre Middlesea plc also trended in negative territory with a 2.1% drop back to the €1.86 level also on shallow volumes of 2,086 shares.
  • Meanwhile, Bank of Valletta plc held on to the €2.18 level across twelve deals totalling 20,285 shares.
  • Likewise, in the property segment, MIDI plc (€0.31) and Malita Investments plc (€0.74) both ended today’s session unchanged on insignificant volumes.