Daily Market Highlights (20.10.2021)

MSE Equity Price Index lower on subdued activity


The MSE Equity Price Index recorded its fifth consecutive decline as it fell by 0.29% to 3,882.583 points. Lombard, MIDI and Malita ended lower while three other equities remained unchanged. Overall trading activity was muted at only €0.01 million. Download today’s Equity Market Summary.

MIDI plc dropped by 6.1% to the €0.40 level on a single deal of 5,000 shares.

Also in the property sector, Malita Investments plc ended 2.4% lower at the €0.82 level across two trades totalling 3,000 shares.

Lombard Bank Malta plc declined by 5.7% to the €1.98 level on a single trade totalling 2,500 shares.

Also in the retail banking sector, Bank of Valletta plc traded flat at the €0.88 level as 2,000 shares changed hands.

HSBC Bank Malta plc remained unchanged at the €0.80 level after failing to hold to an intraday high at €0.81 (+1.3%) across four deals totalling 2,495 shares.

A single trade of 134 shares left Malta Properties Company plc at the €0.57 level.

The RF MGS Index lost 0.27% to 1,080.546 points following notable increases in MGS yields, particularly for the longer dated securities. Today, the Central Bank of Malta published an Economic Update which referred to improvements to the Business Conditions Index in September, however, overall economic activity remained below pre-pandemic levels. The annual inflation rate based on the Harmonised Index of Consumer Prices (HICP) stood at 0.7% in September, up from 0.4% in August. Elsewhere, the German Producer Price Index (PPI) surged by 14.2% from a year earlier, the sharpest increase in decades.