Daily Market Highlights (14.06.2017)

  • After reaching a five-week high of 4,677.502 points yesterday, the MSE Share Index fell by 0.63% today as the drops in the share prices of six equities (including those of IHI, HSBC and RS2) offset the 1.7% gain in Medserv. Meanwhile, another five equities finished the day unchanged. Trading activity across the equity market amounted to €0.4 million. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index extended yesterday’s minimal decline of 0.02% by a further 0.03% to 1,132.200 points. Euro zone sovereign yields trended lower today despite upbeat employment data. On the other hand, German inflationary data for the month of May was in line with forecasts.
  • Five deals totalling 15,900 shares pulled the equity of HSBC Bank Malta plc 1.4% lower back to the €2.05 level. The Bank’s Board of Directors is scheduled to meet on 31 July to consider and approve the interim financial statements for the half-year ending 30 June 2017. The Directors will also consider the declaration of an interim dividend.
  • International Hotel Investments plc lost 2.9% to a one-year low of €0.602 across 48,000 shares. Shareholders as at 27 June are entitled to a 3 for 100 bonus share issue.
  • Among the large companies, RS2 Software plc also performed negatively today with a drop of 1% to the €1.535 level on shallow volumes totalling 4,650 shares. RS2 is due to hold its AGM on 20 June.
  • Low trading activity also took place in the equities of MIDI plc and Grand Harbour Marina plc which fell by 3.1% and 3% to €0.31 and €0.87 respectively. MIDI’s AGM will also be held on 20 June.
  • FIMBank plc eased by 0.6% to the USD0.77 level after opening 9.7% lower at USD0.70. A total of 45,821 shares traded.
  • Within the same sector, Bank of Valletta plc maintained the €2.189 level across 40,198 shares.
  • Six deals totalling 7,992 shares left the equity of Simonds Farsons Cisk plc at its all-time high of €7.60. Farsons is due to hold its AGM on 27 June during which shareholders will consider the proposed spin-off of Trident Estates Limited into a separate company listed on the Malta Stock Exchange.
  • Malta International Airport plc also closed flat at the €4.11 level across 3,488 shares. Last Thursday, MIA reported robust growth of +14.4% in the number of passenger movements during the month of May which is equivalent to an extra 12 commercial aircraft carrying a full load of 180 passengers every day.
  • PG plc maintained the €1.28 level across 55,800 shares whilst Plaza Centres plc held on to the €1.04 level after recovering from an intra-day low of €1.01 on a total of 50,000 shares.
  • Meanwhile, Medserv plc was the only positive performing equity today with an uplift of 1.7% to the €1.22 level across 9,500 shares.