Daily Market Highlights (24.06.2021)

MSE Equity Price Index halts 4-day losing streak


The MSE Equity Price Index rose for the first time in five sessions as it rebounded by 0.48% to 3,866.064 points. The gains in IHI, GO, FIMBank, MIDI and Mapfre outweighed the declines in BOV, BMIT, Lombard, Farsons and Trident. Meanwhile, HSBC and MPC both traded unchanged as overall trading activity improved markedly to €0.12 million. Download today’s Equity Market Summary.

International Hotel Investments plc rebounded off from a two-month low as it climbed by 8.3% to regain the €0.65 level across 14,300 shares.

GO plc advanced by 0.6% to the €3.36 level as 3,078 shares changed hands.

A single trade of 2,500 shares lifted MIDI plc 9.1% higher to the €0.36 level.

FIMBank plc rose by 6.7% as it recaptured the USD0.32 level across 4,600 shares.

Meanwhile, Mapfre Middlesea plc rose by just under 1% to the €2.14 level across trivial volumes.

Malta Properties Company plc remained at the €0.54 level across two deals totalling 15,584 shares.

In the retail banking sector, HSBC Bank Malta plc traded flat at the €0.79 level as 6,143 shares changed hands whilst Bank of Valletta plc lost 2.2% to the €0.88 level across 20,744 shares. Meanwhile, Lombard Bank Malta plc erased 2.6% to close at a 2-month low at the €1.90 level. With respect to the bonus share issue, today 589,047 ordinary shares of Lombard were admitted to the ‘Official List’ whilst trading in these shares is expected to commence as from tomorrow.

Elsewhere, BMIT Technologies plc slipped by 3.6% to a near 1-month low at the €0.48 level as 98,674 shares changed hands.

Similarly, Simonds Farsons Cisk plc plunged by 5.2% to the €8.25 level across 1,160 shares whilst Trident Estates plc shed 1.3% to the €1.48 level across a single trade of 1,500 shares.

The RF MGS Index declined by 0.14% to a 1-month low of 1,099.786 points as various Eurozone yields advanced further on signals of improved business expectations, in particular in Germany whereby the Ifo Business Climate Index reached its highest levels for the past two and a half years. Meanwhile, yesterday, Malta’s Prime Minister Robert Abela confirmed that the Financial Action Task Force (‘FATF’) voted to add Malta to its grey-list.

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