Daily Market Highlights (27.09.2021)

Plaza surges to 11-month high

 

The MSE Equity Price Index added 0.06% to 3,891.593 points as the gains in BMIT, MIA, PG, and Plaza outweighed the losses in FIMBank, GO, Harvest, MPC and RS2. Meanwhile, BOV closed unchanged as overall trading activity reached a 2-week high at €0.22 million. Download today’s Equity Market Summary.

Plaza Centres plc surged by 9.3% to an 11-month high at €1.00 on three deals totalling 6,750 shares.

Two deals totalling 4,104 shares lifted PG plc by 2.5% to regain its all-time high of €2.50.

Malta International Airport plc edged 1.7% higher to the €6.10 level on five trades totalling 3,250 shares.

The only other positively performing equity, BMIT Technologies plc added 0.4% to reach the €0.49 level on two deals of 32,200 shares.

In the retail banking sector, Bank of Valletta plc remained at the €0.88 level on heightened activity of 116,177 shares after recovering from an intraday low of €0.875 (-0.6%).

Meanwhile, FIMBank plc dropped by 3.5% to the €0.386 level on three trades totalling 20,500 shares after recovering from an intraday low of €0.300 (-25.0%).

Malta Properties Company plc lost 0.9% to the €0.57 level on three deals totalling 7,500 shares.

A single trade of 3,300 shares sent the ordinary shares of RS2 Software plc 1.7% lower to the €1.75.

Harvest Technology plc lost 0.7% on a single deal of 27,000 shares.

Similarly, GO plc eased by 0.6% to the €3.40 as 1,750 shares changed hands.

The RF MGS Index remained practically unchanged as it increased just 0.01% to 1,087.143 points. The focus within the eurozone centred around the uncertainty brought by the German election results, since a coalition deal could be reached by a variety of political parties, with no single party gaining enough seats to form a government. Elsewhere, ECB Governing Council Member Mario Centeno stated in an interview that the ECB should be more conservative in its approach towards inflation and the focus should be around guaranteeing favourable financing conditions to all sectors to support the economy.

This morning Central Business Centres plc announced that it received regulatory approval for the issuance of 4% unsecured bonds with an aggregate principal amount of up to €21 million. The company noted that further announcements related to the availability of the prospectus will be made in due course.

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