MIA unveils new food court project
The MSE Equity Price Index moved lower by 1% to 3,903.518 points as the declines in HSBC and Farsons outweighed the gains in GO and RS2. Meanwhile, BOV and MIA closed unchanged as overall trading activity across the equity market amounted to €0.05 million. Download today’s Equity Market Summary.
Malta International Airport plc remained at the €6.10 level after failing to hold to an intraday high of €6.15. A total of 2,489 shares changed hands. Today, MIA unveiled its plans for the complete overhaul of the airport food court. The investment of around €2 million will be completed in 2022 and will include five new eateries and a bar in addition to the existing two popular franchises already present.
Also among the large companies by market value, Bank of Valletta plc traded flat at the €0.88 level across three trades totalling 27,410 shares.
HSBC Bank Malta plc lost 2.4% back to the €0.80 level across five trades totalling 9,840 shares.
Simonds Farsons Cisk dropped 14.1% to the €8.50 level albeit on trivial volumes.
Meanwhile, GO plc regained the €3.36 level (+2.4%) on just 143 shares.
The preference shares of RS2 Software plc climbed 2.9% higher to the €1.75 level on low volumes.
The RF MGS Index moved higher for the third consecutive session as it increased by 0.25% to 1,084.252 points. Inflation in Italy rose by less than expected in September as ECB President Christine Lagarde reiterated her view that the current strong inflationary dynamics in Europe are transitory. Meanwhile in the US, retail sales increased by more than expected in September reflecting the continued strong recovery of the world’s largest economy.
Today, International Hotel Investments plc announced that it will be granting preference to holders of the 5.8% unsecured bonds 2021 as at close of trading on 20 October 2021 to subscribe to new bonds by surrendering their respective holding for new bonds. The remaining balance of the new bonds will be offered for subscription to holders of Corinthia Group securities as at close of trading on 20 October 2021, Corinthia Group personnel, authorised financial intermediaries and the general public. IHI noted that it will provide further information on the new bonds after the issue of the necessary approval by the MFSA.