Passenger movements at MIA surge 19% in November

 

The MSE Equity Price Index declined by 0.13% to 3,744.451 points as the declines in Hili Properties and Medserv outweighed the gain in Harvest. Meanwhile, five other equities closed unchanged. Download today’s Equity Market Summary.

Malta International Airport plc closed unchanged at the €5.85 level over four deals amounting to 873 shares. Today, MIA announced that it welcomed 630,637 passengers during November 2024, an increase of 19.2% compared to the corresponding month last year. Passenger movements exceeded their relative 2023 figures for the eleventh consecutive month. The seat load factor also improved by 0.7 percentage points to 85.6%, despite an increase of 18.3% in seat capacity over the same month in 2023. The passenger movements during the eleven-month period ended November 2024 amounted to 8.37 million, 15.0% higher than the passenger traffic recorded in the same period last year.

Bank of Valletta plc traded flat at the €1.71 level as 16,749 shares changed hands.

Also in the banking sector, HSBC Bank Malta plc closed unchanged at the €1.41 level across five deals amounting to 8,147 shares.

Grand Harbour Marina plc held the €0.935 level on a single deal of 5,000 shares.

GO plc closed unchanged at the €2.68 level after recovering from an intraday low of €2.50 (-6.7%). The volume-weighted average price today stood at €2.58.

Meanwhile, Hili Properties plc declined by 2.8% to €0.212 across three deals amounting to 134,000 shares.

MedservRegis plc slumped by 5.8% to the €0.565 level on two deals amounting to 5,200 shares. The volume-weighted average price today stood at €0.503.

Harvest Technologies plc gained 1.2% to the €0.85 level across four deals amounting to 11,384 shares. Shareholders as at close of yesterday’s trading are entitled to receive a net interim dividend of €0.03 per share by not later than Friday 20 December 2024.

The RF MGS Index reversed yesterday’s losses as it rebounded by 0.19% to 929.031 points. Data showed that the US inflation figures for November were in line with expectations at 2.7%, marginally higher than the 2.6% level recorded in the previous month. Annual core inflation in November remained unchanged at 3.3%, also in line with expectations.

 

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.