Daily Market Highlights (05.07.2021)

Heightened activity in RS2 ordinary shares


The MSE Equity Price Index opened the week 0.38% lower as it declined to 3,878.521 points. The drops in RS2 and Malita outweighed the gains in Mapfre Middlesea whilst GO, Lombard, MIA and PG all closed unchanged. Meanwhile, overall trading activity surged to just under €0.5 million, largely on account of the heightened activity in the ordinary shares of RS2 Software plc which contributed towards nearly 85% of today’s total value traded as its share price plunged by 10% to the €1.71 level across 246,470 shares. Download today’s Equity Market Summary.

Malita Investments plc eased by 1.2% to the €0.85 level as 25,000 shares changed hands.

Today’s only positively trading equity, Mapfre Middlesea plc, surged by 11.2% to the €2.38 level across 3,428 shares.

PG plc closed flat at the €2.24 level across a single deal of 5,943 shares. The company’s Board of Directors is scheduled to meet tomorrow to consider the distribution of an interim dividend for the financial year ended 30 April 2021.

Elsewhere, Malta International Airport plc remained at the €6.40 level on 3,000 shares.

Lombard Bank Malta plc failed to hold on to an intraday high of €1.90 (+1.6%) as it closed unchanged at the €1.87 level across 2,533 shares.

GO plc traded unchanged at the €3.36 level across two deals totalling 2,500 shares.

The RF MGS Index eased by 0.08% to 1,098.851 points as the euro area service sector posted its strongest growth since July 2007. The Eurozone Services Purchasing Managers Index (“PMI”) for June increased above expectations following the easing of further pandemic restrictive measures, with the most notable progress being made in France, Spain, and Italy. On the other hand, the German PMI also headed higher but somewhat lower than forecasted. Meanwhile, oil prices traded close to three-year highs as OPEC+ countries failed to reach a deal over output levels for the rest of the year and beyond.

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