Daily Stock Market Review – January 18, 2022

The MSE Equity Price Index rose another 0.15% to 3,823,496 points, as the rises in the share prices of HSBC, MedservRegis and BMIT outweighed the decline in GO. Meanwhile, three other stocks ended the day unchanged, as total stock trading activity was €0.18 million.

Malta International Airport plc announced today that it welcomed 2.54 million passengers in 2021, signaling a strong rebound in 2020, but traffic volumes were still 65% lower compared to 2019.

Given the challenges in the industry that are expected to continue in the coming months, MIA explained that it does not have enough data at this stage to provide reliable traffic guidance for 2022.

Nevertheless, the airport operator noted that it will now proceed with two major projects, namely the development of ‘SkyParks 2’ (including a hotel) and the construction of ‘Apron X’, which is expected to be completed in 2026 and will be completed. completed. the largest investment in airport infrastructure MIA has made since 1998.

MIA’s board of directors is expected to meet on February 22 to review and approve the financial statements for the year ended December 31, 2021. Shareholders’ equity remained inactive today. MedservRegis plc was the best performing stock today as it rose 5% to a six-month high of €0.74 across four deals totaling 53,500 shares.

In the technology sector, BMIT Technologies plc climbed 1.3% to the level of €0.482, spread over 54,400 shares.

The other positive performing stock today was HSBC Bank Malta plc which gained 1.6% to the level of €0.935 out of a total of 48,395 shares.

Within the same sector, Bank of Valletta plc remained flat at the €0.86 level after recovering from an intraday low of €0.84 (-2.3%). A total of 70,893 shares have changed hands.

Also among the large companies by market value, International Hotel Investments plc traded flat at the €0.595 level, across 6,300 shares.

A single deal of 1,300 shares brought the share price of Malta Properties Company plc to the level of €0.52.

Meanwhile, GO plc fell 1.2% to the level of €3.22 on two deals totaling 1,300 shares.

The RF MGS Index extended its downtrend by an additional 0.1% to 1,067,220 points.

The 10-year German Bund yield turned almost positive today, for the first time since early May 2019, as the euro-zone ZEW index, which measures the relative six-month economic outlook for the unit currency, showed a significant increase in confidence among institutional investors and analysts compared to the end of 2021.

Similarly, the German ZEW index rose much more than expected to its highest level since July 2021.

This report contains public information only and should not be construed as investment advice or an offer to buy or sell securities. The information in this document is based on data obtained from sources believed to be reliable, but no representations or warranties are made as to the accuracy of the data. Stock markets are volatile and subject to fluctuations that cannot reasonably be foreseen. Past performance is not necessarily indicative of future performance. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company authorized by the MFSA under the Investment Services Act, Cap. 370 of the laws of Malta and a member of the Malta Stock Exchange.

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