Daily Market Highlights (16.09.2021)

Manoel Island Masterplan Approved


The MSE Equity Price Index dropped by 0.47% to 3,887.876 points reflecting the declines in BMIT, MIDI and Farsons. Meanwhile, three other equities closed unchanged as overall trading activity amounted to €0.08 million. Download today’s Equity Market Summary.

Today, MIDI plc announced that the Board of the Planning Authority approved the revised Masterplan and Outline Development Permit for the restoration and redevelopment of Manoel Island. The company reiterated that it is fully committed to the project and looks forward to obtaining full development permits to commence works during the second half of 2022. The equity declined by just over 13% to the €0.366 level on a single trade of 13,661 shares.

Elsewhere, BMIT Technologies plc lost 2% to the €0.48 level on four deals totalling 74,000 shares.

Simonds Farsons Cisk plc declined by 1.9% to a 5-month low of €7.85 as 3,755 shares changed hands. 

Meanwhile, Malta Properties Company plc traded flat at the €0.57 level on two trades totalling 11,950 shares.

A single deal of 600 shares left the share price of GO plc at the €3.36 level.

PG plc remained at the €2.44 level on a single trade of 820 shares.

The RF MGS Index experienced the sharpest drop in two weeks as it moved 0.23% lower to 1,090.947 points as MGS yields increased in line with trends observed across various other Eurozone sovereign debt. Today, European Commission endorsed Malta’s proposal for €316.4 million in grants from EU’s Recovery and Resilience Facility. This financing will support the implementation of crucial investments, including measures that support EU’s climate objectives and a digital transition. Meanwhile in the US, retail sales increased more than expected during August, as they rose 0.7% from the previous month.