Daily Market Highlights (10.11.2021)

BMIT share price rebounds strongly


The MSE Equity Price Index extended yesterday’s sharp rebound as it advanced by another 1.01% to 3,872.600 points. Seven equities ended higher in today’s session while BOV, Harvest and RS2 remained unchanged. Download today’s Equity Market Summary.

BMIT Technologies plc surged by 5.5% to offset yesterday’s decline and reached a 10-week high of €0.496 across four trades totalling 22,662 shares. Most trades took place at the €0.48 level (+2.1%).

BMIT’s parent company, GO plc, increased by 3.1% to the €3.36 level on trivial volumes.

Also among the large companies by market cap, Malta International Airport plc moved 1.7% higher to regain the €6.00 level on four trades totalling 5,100 shares.

MaltaPost plc advanced by 0.6% on two deals totalling 5,400 shares.

Similarly, Mapfre Middlesea plc gained 3.8% to a 3-month high of €2.20 as 1,050 shares changed hands.

LifeStar Holding plc reached a multi-year high of €0.80 (+25%) on trivial volumes.

PG plc added 1.6% to the €2.48 level also on negligible volumes.

Harvest Technology plc remained at the €1.50 level on a single trade of 3,500 shares. Shareholders as at close of last Monday’s trading will receive a net interim dividend of €0.016 per share by not later than 26 November 2021.

Bank of Valletta plc traded flat at the €0.87 level on two deals totalling 3,346 shares.

The ordinary shares of RS2 Software plc stayed at the €1.70 level on one trade of 1,200 shares.

The RF MGS Index cancelled all of yesterday’s losses as it advanced by 0.21% to a seven-week high at 1,092.123 points. US consumer prices increased more than expected in October, reaching the highest inflation rate since 1990 at 6.2%. The upward pressure in prices was attributed to higher fuel, food, and vehicle costs. Elsewhere, China’s producer prices surged by 13.5% in October when compared to the previous year.