Daily Market Highlights (15.06.2021)

MSE Equity Price Index snaps 3-day winning streak


The MSE Equity Price Index slipped by 0.89% to 3,998.322 points as the declines in HSBC, Lombard, MIDI and PG outweighed the gains in GO. Meanwhile, MIA and Tigné Mall closed unchanged as overall trading activity contracted to €0.07 million. Download today’s Equity Market Summary.

MIDI plc plunged by 16.7% as it returned to the €0.35 level across 57,142 shares.

In the retail banking sector, HSBC Bank Malta plc eased by 0.6% to the €0.82 level as 14,218 shares changed hands.

Lombard Bank Malta plc fell by 13.2% to a near 2-month low at the €1.91 level albeit on just 500 shares.

Meanwhile, PG plc lost 3.4% to the €2.24 level on a single trade of 1,350 shares.

GO plc advanced by 0.6% to the €3.38 level as only 500 shares changed hands.

Elsewhere, Malta International Airport plc failed to hold onto an intraday high of €6.40 (+0.8%) as it closed flat at the €6.35 level across 3,755 shares.

A single trade of 6,756 shares left Tigné Mall plc unchanged at the €0.75 level.

The RF MGS Index snapped a five-day winning streak as it eased by 0.14% to 1,106.296 points after the Consumer Price Index (‘CPI’) for the month of May in various Eurozone countries improved in line with earlier forecasts. When compared with the same period last year, German CPI advanced 2.5%, ahead of the French CPI at 1.4%, and the Italian CPI at 1.3%. Elsewhere, in the US, the Producer Price Index (‘PPI’) increased by 0.8% in May when compared to the previous month, beating forecasts which pointed towards a 0.6% increase. Meanwhile, US Core Retail Sales declined by 0.7% in contrast to a forecast of 0.2% growth.

This afternoon, the Treasury announced that it will be offering two new Malta Government Stock issues, namely: (i) the 0.25% MGS 2026 (III) FI; and (ii) the 1.8% MGS 2051 (I). The fixed offer prices will be announced on Monday 21 June 2021 in the afternoon. Subscriptions from the General Public will open on Wednesday 23 June and close on Friday 25 June or earlier in the case of over-subscription.