Daily Market Highlights (08.08.2016)

  • The MSE Share Index shed a further 0.3% during this morning’s session to a fresh 9-month low of 4,404.807 points largely due to the second consecutive daily decline in the share price of HSBC Bank Malta plc. Following last Friday’s 2.4% drop, the Bank’s equity shed a further 3.1% today to €1.551 (minimally above its 2016 low) across eleven trades totalling 38,995 shares. HSBC shares will continue to trade with the entitlement to the gross interim dividend of €0.071 per share until Wednesday 10 August. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index eased minimally lower to 1,159.057 points as the 10-year yields in Germany as well as in the peripheral countries of Spain and Italy marginally rebounded. This follows last Friday’s strong US jobs report which further highlighted the economic challenges in Europe.
  • The recently issued €55 million 4.0% International Hotel Investments plc secured bonds maturing in 2026 commenced trading today with the price reaching an intra-day high of 103.9% before slipping to a close price of 103.75% on activity totalling €312,700 (nominal).
  • Mapfre Middlesea plc also eased 0.8% lower back to the €2.025 level on volumes of 2,207 shares. Similarly, MIDI plc trended in negative territory with a 1.1% decline back to the €0.375 level across a single trade of 5,277 shares.
  • On the other hand, Malta International Airport plc advanced by 1.7% to regain the €4.19 level across two deals totalling 1,215 shares. The airport operator is scheduled to publish its 2016 interim results on Wednesday 17 August.
  • In the property segment, Plaza Centres plc edged 1.9% higher to recapture the €1.07 level albeit on an insignificant trade of 200 shares. Likewise, shallow volumes were traded in Malita Investments plc as the equity edged 1.1% higher to regain the €0.86 level on just 2,000 shares.
  • The only other positive performing equity today was Simonds Farsons Cisk plc with a 1.6% jump to the €6.35 level on low volumes of 315 shares.
  • Meanwhile, Bank of Valletta plc maintained the €2.22 level across five deals totalling 21,240 shares.
  • Likewise, Lombard Bank Malta plc held on to the €2.249 level on just 888 shares.
  • Also in the banking sector, FIMBank plc retained the USD1.017 level across as single trade of 10,000 shares. The trade finance specialist is expected to publish its 2016 interim results tomorrow.
  • The equity of RS2 Software plc failed to hold on to an intra-day high of €1.905 to end this morning’s session unchanged at the €1.90 level on volumes of 23,722 shares. The IT Group is scheduled to publish its 2016 interim results on Thursday 11 August.
  • On the Alternative Companies’ List, Loqus Holdings plc traded unchanged at the €0.135 level on just 2,694 shares.


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