Daily Market Highlights (05.06.2017)

  • Following four consecutive sessions of declines, the MSE Share Index opened this week in positive territory with a marginal 0.13% increase to 4,635.251 points largely due to the gains in HSBC and RS2. Tigne Mall and PG plc also trended higher today whilst BOV eased minimally lower. A further three equities ended today’s session unchanged. Trading activity was once again subdued today with just under €0.12 million worth of shares changing hands. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index edged higher for the second successive session with a further 0.07% increase to 1,126.050 points as the benchmark 10-year German Bund yield slipped back below the 0.30 level for the first time in 6-weeks. Euro zone sovereign bond yields remained under pressure as the European Central Bank (ECB) is not expected to take bold moves in curtailing its stimulus measures given the recent decline in the region’s inflation rate.
  • The share price of HSBC Bank Malta plc edged 0.5% higher to recapture the €2.00 level across 12,500 shares.
  • RS2 Software plc added 1.3% to the €1.55 level on volumes of 26,500 shares.
  • Tigne Mall plc jumped by 4.1% to regain the €1.02 level albeit on a single trade of 1,000 shares.
  • Shallow volumes were also evident in PG plc with just 4,100 shares changing hands during today’s session as the equity failed to hold on to an intra-day high of €1.299 to close minimally higher at the €1.251 level.
  • On the other hand, Bank of Valletta plc eased 0.4% lower back to the €2.18 level across 9,500 shares.
  • GO plc maintained the €3.50 level on a single trade of 3,700 shares. Likewise, Malta International Airport plc and Plaza Centres plc held on to their respective previous closing prices amid shallow volumes.