Daily Market Highlights (13.09.2021)

MIA and Lombard lift MSE Equity Price Index


The MSE Equity Price Index closed higher for the third consecutive session with a marginal increase of 0.06% to 3,933.394 points as the gains in Lombard and MIA outweighed the losses in HSBC and RS2. Meanwhile, three other equities closed unchanged as overall trading activity was muted at €0.03 million. Download today’s Equity Market Summary.

Malta International Airport plc climbed 1.7% to the €6.10 level across two deals totalling 490 shares. Last Friday, MIA announced that passenger movements throughout August amounted to 407,435, which is 50.5% lower than the record amount of 823,653 movements during August 2019. However, August’s passenger traffic was 31% higher when compared to the previous month. Although these results surpassed expectations, the airport operator noted that the travel industry remains in the shadow of changing entry requirements, uncertainty, and short-term planning, as the aviation winter season looms on the horizon. MIA is currently working with partner airlines towards finalising a flight schedule for the upcoming season.

Today’s other positively performing equity, Lombard Bank Malta plc surged by 3.7% to an 8-week high at the €1.94 level on four trades totalling 5,890 shares.

The preference shares of RS2 Software plc traded for the first time in four weeks and slumped by 5.6% to their lowest level since their listing four months ago at the €1.70 level on a single deal of 4,000 shares.

HSBC Bank Malta plc moved 3.1% lower to the €0.785 level albeit on negligible volumes.

Also in the retail banking sector, Bank of Valletta plc remained at the €0.90 level on three trades totalling 4,543 shares after recovering from an intraday low of €0.89 (-1.1%).

BMIT Technologies plc traded flat at the €0.49 level on three deals totalling 9,007 shares.

BMIT’s parent company, GO plc remained at the €3.40 level on a single trade of 1,000 shares.

The RF MGS Index lost 0.15% to 1,093.334 points. Inflation concerns continued to grow in Germany as wholesale prices increased by 12.3% year-on-year in August, reflecting the low base effect from last year and sharp increases in raw materials and intermediate products. Elsewhere, oil prices advanced to an over 1-month high as supply concerns brought by the US Hurricane Ida outweighed fears of lower future demand following signs of economic growth slowdown.