Daily Market Highlights (14.04.2021)

MSE Equity Price Index down 1.1%


The MSE Equity Price Index lost 1.1% to 3,933.784 points as the declines in the share prices of IHI and BMIT outweighed the gains in BOV and FIMBank whilst MIA and RS2 closed the day unchanged. Trading in equities improved to €0.11 million as the volumes transacted in BOV, IHI and BMIT represented the lion’s share of today’s activity. Download today’s Equity Market Summary.

Following the strong uplift of more than 30% recorded last week, during today’s trading session the share price of International Hotel Investments plc plunged by 17.1% back to the €0.58 level across 56,724 shares.

The other negative performing equity today was BMIT Technologies plc which dropped by 3.8% to the €0.51 level across 60,000 shares. Shareholders as at close of trading on 22 April will be entitled to receive a final net dividend of €0.02922 per share.

Also in the technology segment, RS2 Software plc retained the €1.79 level across 3,000 shares. The offer of up to 28.6 million new preference shares at an offer price of €1.75 per preference share closes on Friday.

Malta International Airport plc traded flat at the €6.15 level albeit on just 559 shares.

Meanwhile, Bank of Valletta plc advanced by 1.1% to regain the €0.92 level across 44,372 shares.

FIMBank plc rallied almost 20% to USD0.376 albeit on trivial volumes.

The RF MGS Index added 0.13% to 1,114.815 points as eurozone yields trended lower amid concerns over the Covid-19 vaccine produced by Johnson & Johnson which could potentially lead to blood clotting side effects. Meanwhile, local media outlets reported that the Maltese government submitted a five-year state aid financing plan to the European Commission on Monday related to a €290 million capital injection into Air Malta as part of a holistic strategy aimed to transforming the national carrier.