Daily Market Highlights (07.02.2020)

New all-time high for RS2 Software


The MSE Equity Price Index erased yesterday decline as it rebounded by 0.54% to 4,673.412 points. The gains in BOV, RS2 and MIA outweighed the declines in five other companies as trading activity contracted sharply to €0.17 million compared to just over €0.6 million yesterday. Download today’s Equity Market Summary.

RS2 Software plc climbed 2.5% to a fresh record high of €2.42 across 15,154 shares. Following last month’s acquisition of Kalicom in the direct acquiring business, yesterday, RS2 also announced that it concluded a partnership agreement with MoviiRed in Colombia to offer consumers and merchants direct issuing and acquiring services. In this respect, RS2 explained that this development represents the launch of its new direct acquiring business for the first time anywhere in the world. Moreover, as Colombia is one of Latin America’s fastest-growing markets, it is widely seen around the world as a market with outstanding growth potential. MOViiRED services more than 15 million people each month on its 60,000 points of sale network offering various services from mobile top-up, bill payments, sale of public transport tickets, prepaid digital content and money transfers.

Bank of Valletta plc surged by almost 3% to regain the €1.08 level across 22,048 shares.

Also among the large companies, Malta International Airport plc added 1.5% to recapture the €6.95 level albeit on trivial volumes. MIA is due to publish its 2019 financial results on 26 February. Today, the airport operator published the January 2020 traffic results. Following the record passenger movements handled during 2019 showing an increase of 7.4% to 7.31 million, MIA kicked-off the new year with continued growth with an increase of 14.2% during January 2020 to 418,096 passengers. MIA also added that despite the significant increase of 11.3% in seat capacity, the seat load factor improved by 1.8 percentage points during January to 71%. On 29 January 2020, MIA announced that it is expecting an increase of 2% to 3% in passenger movements in 2020 to a new record of 7.5 million passengers. Furthermore, the airport operator set out record financial targets and also unveiled its long-term vision for the airport revealing details of an investment of circa €100 million in a terminal expansion.

HSBC Bank Malta plc extended its losing streak as the equity dropped by a further 1% to yet another multi-year low of €1.04 on activity totalling 91,063 shares. The bank is due to publish its 2019 full-year financial results on 18 February. The Directors will also consider recommending a final dividend for approval at the AGM scheduled to be held on 8 April.

A single deal of just 1,000 shares forced the equity of PG plc to move back to the €2.00 level (-1%).

BMIT Technologies plc continued to trade within a tight range as the equity retracted by 1.9% to the €0.51 level across 2,200 shares.

MIDI plc lost 2.1% to return to its over nineteen-month low of €0.47 across 5,500 shares.

The other negative performing equity today was Mapfre Middlesea plc with a drop of 0.8% to the €2.34 level across 3,500 shares.

Movements in the prices of Malta Government Stocks remained volatile as following yesterday’s decline of 0.4% which was the sharpest in seven weeks, the RF MGS Index rebounded by 0.22% to 1,151.146 points. Euro zone sovereign bond yields turned lower as industrial production data in Germany, France and Spain disappointed by a wide margin. During the past five days, the RF MGS Index lost 0.21% – the weakest performance in seven weeks.


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