Daily Market Highlights (13.04.2017)

  • The MSE Share Index trended lower for the second consecutive session as it shed a further 0.18% to 4,705.291 points as the share price of GO, MIA, RS2 and Lombard eased lower. The only positive performing equity today was HSBC whilst BOV and MaltaPost ended the session unchanged. Trading volumes remained weak at almost €0.12 million. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index edged 0.1% higher to 1,125.625 points as Germany’s 10-year yield touched a fresh 2017 low of 0.162%. Eurozone yields came under pressure today after last night’s sharp downturn in US Treasury yields triggered by comments from the US President Donald Trump who claimed that the US Dollar is getting too strong and therefore the US Federal Reserve should keep interest rates low.
  • Amongst the negative performers, GO plc retreated by 0.3% to €3.489 on shallow volumes of 2,800 shares.
  • Likewise, Malta International Airport plc dipped 0.2% lower to €4.19 across five deals totalling 5,466 shares.
  • The equity of RS2 Software plc was forced 3% lower back to the €1.60 level on volumes of 5,000 shares. The Company should be publishing its 2016 financial statements by the end of this month.
  • Similarly, the share price of Lombard Bank Malta plc dipped 0.4% lower back to the €2.488 level across three deals totalling 3,099 shares.
  • On the other hand, HSBC Bank Malta plc rebounded by 0.3% to recapture the €2.087 level on low volumes of 9,373 shares. This morning, the Bank held its Annual General Meeting during which shareholders approved all the items on the agenda including the payment of a final gross dividend of €0.041 per share (net: €0.027) which will now be paid on Thursday 20 April.
  • Meanwhile, no changes in the share price of Bank of Valletta plc at the €2.22 level across six deals totalling 17,500 shares.
  • Likewise, MaltaPost plc traded unchanged at the €2.03 level across 6,230 shares.