Passenger movements at MIA increase by 10.4% in September

 

The MSE Equity Price Index rose by 0.34% to 3,777.023 points as the gains in APS, AX Real Estate, BOV, MIA and Malita outweighed the declines in HSBC and M&Z. Meanwhile, Mapfre Middlesea plc closed unchanged at the €1.24 level on a single deal of 1,000 shares. Download today’s Equity Market Summary.

Malta International Airport plc moved 0.8% higher to the €6.00 level across six deals amounting to 3,608 shares. Following the close of trading, MIA announced that it welcomed 896,471 passengers during September 2024, an increase of 10.4% compared to the corresponding month last year. Passenger movements exceeded their relative 2023 figures for the ninth consecutive month. The seat load factor stood at an all-time high for September at 90.2%, which is one percentage point higher than in September 2023, despite that seat capacity was 9.1% higher than the same period last year.

Bank of Valletta plc gained 0.6% to the €1.69 level over thirteen trades totalling 49,402 shares. Last Friday, BOV announced that the Board of Directors approved a draft base prospectus in respect of an Unsecured Euro Medium Term Bond Programme of up to €250 million and filed an application with the Malta Financial Services Authority requesting admissibility to listing of the Programme. Subject to regulatory approval, BOV will be issuing the first tranche consisting of up to €100 million 5% unsecured subordinated bonds maturing in 2029-2034. Further details will be published once regulatory approval is obtained.

Also in the banking sector, APS Bank plc rose by 0.9% to the €0.57 level on a single deal of 9,925 shares. Today, APS announced that its Board of Directors is scheduled to meet on Thursday 31 October 2024 to consider the approval of the interim financial results covering the nine-month period ended 30 September 2024.

Malita Investments plc surged by 6.0% to the €0.53 level over three deals amounting to 31,000 shares.

Also in the property sector, AX Real Estate plc increased by 2.3% to the €0.45 level as 8,241 shares changed hands.

HSBC Bank Malta plc fell by 0.7% to the €1.47 level over five trades amounting to 25,245 shares.

M&Z plc declined by 0.8% to the €0.59 level over trivial volumes.

The RF MGS Index fell for the third consecutive session dropping by 0.26% to reach a two-week low of 913.914 points as yields in the euro area continued to increase with the 10-year German bund yield reaching a one-month high of 2.26%. Furthermore, in the US, the 10-year Treasury yield rose above 4.00% for the first time in over two months. Inflationary concerns remained elevated as oil price continued to increase to a fresh six-week high of over USD76.

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap—370 of the Laws of Malta and a member of the Malta Stock Exchange.