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Equity volumes surge to €1.61 million

The MSE Equity Price Index lost 0.62% to a two-month low of 4,435.079 points as various equities performed negatively while only HSBC and Malita trended higher. Activity increased markedly to a total of €1.61 million, largely reflecting robust volumes in GO (€0.49 million) and MIA (€0.48 million).

Malta International Airport plc retained the €6.00 level across 80,249 shares. On Friday, MIA published the November 2018 traffic results revealing an 11.8% increase in passenger movements over November 2017 to 453,563 movements. From January to November 2018, MIA welcomed 6.39 million passengers, representing an increase of 13.4% over the corresponding period last year. Furthermore, it is worth highlighting that last year, MIA welcomed a total of 6.01 million passengers for all of 2017. Accordingly, MIA has already exceeded last year’s record of total passenger movements by 6.3%.

FIMBank plc also closed unchanged at the $0.785 level after opening at a low of $0.75. A total of 110,826 shares changed hands.

Three deals totalling 124,947 shares left the equity of RS2 Software plc at the €1.13 level.

PG plc (9,100 shares) and Plaza Centres plc (24,500 shares) traded flat at €1.36 and €1.02 respectively. PG is due to publish its interim financial statements on December 18, 2018.

GO plc dropped by 2% to the €3.90 level on heightened activity totalling 125,627 shares.

Also among the large companies, International Hotel Investments plc shed 3.3% to its 2018 low of €0.58 albeit on just 6,668 shares.

Low trading activity also took place in the equity of Tigné Mall plc which moved 2.2% lower to a fresh 2018 low of €0.90 on 8,139 shares.

In contrast, encouraging volumes were transacted in both Malta Properties Company plc and Simonds Farsons Cisk plc. MPC tumbled almost 8% to the €0.525 level across 213,324 shares while a single deal of 24,304 shares forced the equity of Farsons to move 2.4% lower back to the €8.00 level.

The other negative performing equity today was Mapfre Middlesea plc with a decline of 1.5% to the €1.96 level across 8,576 shares.

Meanwhile, HSBC Bank Malta plc climbed 1.1% to regain the €1.82 level albeit on light volumes. As indicated in the Interim Directors’ Statement dated November 9, 2018, the bank is soon expected to issue an update on its medium-term capital plan.

Malita Investments plc advanced 2.3% to the €0.89 level after opening at €0.84 (-3.4%) on a total of 42,000 shares.

Following the gains registered in the previous six days, the RF MGS Index eased by 0.07% to 1,087.692 points. Movements in Malta Government Stock prices reflected changes in the yields of eurozone peripheral countries which, in turn, moved slightly higher following the sharp drops registered recently. On the economic front, fresh data showed that the pace of growth in GDP across the euro area in Q3 2018 fell to the lowest level in two years of 1.6%.

www.rizzofarrugia.com

Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.

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