Passenger movements at MIA surge by 16.7% in October

The MSE Equity Price Index rose by 0.23% to 3,789.766 points as the gains in Plaza, GO, IHI, and MaltaPost outweighed the declines in BOV, PG and the preference shares of RS2. Download today’s Equity Market Summary.

Meanwhile, Malta International Airport plc held the €5.75 level as 4,500 shares changed hands. Following the close of trading, MIA published the financial results for the first nine months of the year, which showed that revenue climbed by almost 10% to €118.5 million, which led to a 4.6% in pre-tax profits for the period to €63.9 million. MIA explained that capital expenditure for the period reached €42.2 million and largely directed towards Apron 8 and SkyParks Business Centre II. MIA also published the October traffic results which showed that passenger movements increased by 16.7% to 978,445. The seat capacity increased by an even faster pace of 17.3%.

Plaza Centres plc surged by 20.5% to an almost two-year high of €0.675, albeit on just a single trade of 9,000 shares.

GO plc gained 4.0% to the €2.58 level on one deal of 1,200 shares.

International Hotel Investments plc rose by 4.3% to the €0.438 level on minimal activity.

MaltaPost plc moved 0.5% higher to the €0.44 level over three trades totalling 20,000 shares.

On the other hand, Bank of Valletta plc shed 1.1% to the €1.88 level over four deals amounting to 10,610 shares.

A single trade of 900 shares pulled the share price of PG plc 0.6% lower to the €1.74 level.

The preference shares of RS2 plc slumped by 9.4% to an all-time low of €0.29 level on one deal of 1,723 shares.

The RF MGS Index edged up slightly by 0.06% to 916.331 points. ECB board member Isabel Schnabel indicated that inflation risks may be tilted to the upside, but the ECB can tolerate small deviations from its 2% target. Elsewhere, Italy’s industrial production saw its strongest monthly gain since August 2022, rising 1.5% year-on-year, driven by rebounds across all main industrial groups.

 

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.