Daily Market Highlights (22.10.2021)

MSE Equity Index edges marginally higher


The MSE Equity Price Index moved higher for the first time in seven sessions as it increased by 0.04% to 3,861.111 points. The gains in GO and HSBC outweighed the declines in BOV and MPC. Meanwhile five other equities remained unchanged as overall trading activity amounted to only €0.04 million. Download today’s Equity Market Summary.

A single trade of 500 shares helped the share price of GO plc advance by 3% to a three-week high at the €3.40 level.

HSBC Bank Malta plc advanced by 2.5% to the €0.82 level on two trades totalling 4,309 shares.

Also in the retail banking sector, Bank of Valletta plc cancelled all of yesterday’s gains as it lost 2.8% to the €0.87 level on three deals totalling 16,600 shares.

Malta Properties Company plc eased by 1.8% to the €0.56 level on a single deal of 668 shares.

Also in the property sector, Malita Investments plc traded flat at the €0.82 level as 9,200 shares changed hands.

Malta International Airport plc closed unchanged at the €6.00 level on two deals of 933 shares.

Similarly, MaltaPost plc stayed at the €1.28 level on a single trade of 804 shares.

One deal of 6,306 shares kept Santumas Shareholdings plc at the €1.00 level.

The preference shares of RS2 Software plc maintained the €1.70 level as 1,090 shares changed hands.

The RF MGS Index lost 0.17% to 1,080.040 points as several MGS bid prices reached multi-year lows, reflecting an increase in yields. The IHS Markit Eurozone Composite Index was lower than expectations for October amid weaker growth in both the manufacturing and services sectors. Similarly, the US manufacturing purchasing managers index posted the slowest growth in seven months during October, reflecting the challenging conditions including material shortages and higher prices for raw materials.

Today, Mizzi Organisation Finance plc announced that the €45 million 3.65% unsecured bonds 2028-2031 were admitted to the Official List of the Malta Stock Exchange. Trading is expected to commence as from next Monday 25 October 2021.