Daily Market Highlights (30.08.16)

  • During this morning’s session, the MSE Share Index moved back into positive territory with a 0.3% increase to 4,421.202 points as BOV, HSBC, GO, MIA and Medserv rebounded. After reaching a 7-week high during yesterday’s session, trading activity slowed down by 20.9% to €0.27 million across local equities. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index jumped 0.2% to a 4-month high of 1,169.146 points as the benchmark 10-year German Bund yield slumped back to -0.075% this morning following data showing a 0.3% drop in consumer prices meaning that Germany’s economy was in deflation.
  • In the banking sector, Bank of Valletta plc rebounded by 1.4% to recapture the €2.25 level across two deals totalling 4,400 shares.
  • Similarly, HSBC Bank Malta plc partially reversed some of the recent declines with a 0.7% uplift to recapture the €1.56 level albeit on a single trade of 1,500 shares. The Bank is scheduled to pay the recently declared gross interim dividend of €0.071 per share (net: €0.0462) on 9 September.
  • The equity of Malta International Airport plc edged 0.2% higher to €4.24 on shallow volumes of 3,670 shares.
  • Likewise, Medserv plc rebounded by 3% to regain the €1.545 level on a single trade of 7,000 shares. Last Friday, Medserv plc published its 2016 interim results revealing a substantial drop in pre-tax profits to €0.28 million on the back of a slowdown in Cyprus and a delay in works in Portugal amongst other factors.
  • GO plc trended higher for the second consecutive session as the equity climbed a further 0.8% to regain the €3.10 level across 12,000 shares.
  • On the other hand, FIMBank plc closed in negative territory for the second successive session with a decline of a further 2.7% to a fresh 11-week low of USD0.90 across seven deals totalling 76,246 shares.
  • MIDI plc shed 4.1% to drop back to the €0.35 level on a trade of 4,000 shares. The interim financial statements will be published tomorrow.
  • Meanwhile, RS2 Software plc held on to the €1.85 level for the third successive session with a further 47,162 shares changing hands today.
  • Similarly, the equity of Malta Properties Company plc ended the session unchanged at the €0.535 level on volumes of 76,361 shares.


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