Daily Market Highlights (17.06.2016)

  • Following three consecutive sessions of increases, the MSE Share Index eased marginally lower during this morning’s session to 4,459.930 points as the declines in BOV, MIA and Farsons were partially offset by gains in IHI and FIMBank. Overall, trading activity was once again subdued with only €0.17 million worth of shares changed hands today. Over the week, the local equity benchmark edged 0.4% higher largely reflecting the 8.3% jump in the share price of FIMBank plc. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index trended lower for the fifth consecutive day as it declined by a further 0.05% to a fresh near 4-week low of 1,148.138 points. This contrasted with the dip in peripheral Eurozone yields as Brexit fears somewhat eased today which in turn led to a rebound in the benchmark 10-year German Bund yield to just above the 0% level.
  • During this morning’s session, Bank of Valletta plc eased 0.9% lower back to the €2.215 level on weak volumes of 9,120 shares.
  • Similarly, the share price of Malta International Airport plc dipped by 0.9% to a fresh 5-month low of €4.26 across two deals totalling just 1,514 shares.
  • Low volumes were also evident in Simonds Farsons Cisk plc as the equity retreated by 0.2% back to the €6.30 level on just 4,000 shares.
  • Meanwhile, higher trading activity was registered in International Hotel Investments plc as its share price rebounded by 2.4% to regain the €0.65 level on total volumes of just over 100,000 shares – representing 38.9% of today’s toal value traded.
  • Similarly, the share price of FIMBank plc edged 1% higher to its 6-year high of USD0.91 across a single deal of 58,470 shares.
  • Meanwhile, RS2 Software plc maintained the €3.50 level on shallow volumes of 675 shares. RS2 is scheduled to hold its Annual General Meeting next Thursday 23 June.