Daily Market Highlights (16.08.2021)

MSE Equity Price Index off to a positive start this week


The MSE Equity Price Index edged 0.14% higher to 3,876.673 points as the gains in BMIT, GO and MIA outweighed the decline in BOV. Meanwhile, four other equities closed the day unchanged as overall trading activity amounted to €0.14 million. Download today’s Equity Market Summary.

GO plc was today’s best performing equity as it advanced by 1.2% to the €3.44 level on six deals totalling 9,683 shares. Shareholders as at close of trading today will receive a net interim dividend of €0.07 per share.

GO’s IT services subsidiary – BMIT Technologies plc – climbed 0.4% to the €0.492 level on four trades amounting to 54,700 shares.

Malta International Airport plc gained 0.8% to the €6.30 level on activity totaling 9,580 shares, representing over 42% of today’s trading value.

Meanwhile, Bank of Valletta plc lost 0.6% to the €0.885 level albeit on two deals totalling 5,326 shares.

Also in the banking sector, HSBC Bank Malta plc held to the €0.80 level on a single deal totalling 1,000 shares.

Similarly, International Hotel Investments plc remained unchanged at the €0.65 level also on a single deal of 1,000 shares.

Malta Properties Company plc closed unchanged at the €0.55 level on two trades totalling 26,500 shares, after recovering from an intraday low of €0.535 (-2.7%). Last week, Malta Properties announced that the final deed of sale in relation to the Saint George’s Exchange in St. Julian’s was executed for a total consideration of €14 million.

A single deal of negligible volumes left Mapfre Middlesea plc at the €2.12 level.

The RF MGS Index eased by 0.09% to 1,104.851 points mostly driven by the uplift in yields at the longer end of the MGS yield curve. In contrast, sovereign bond yields in the euro area trended mostly lower amid concerns of a slowdown in global economic growth following weaker-than-expected economic data in China.