MSE index moves higher for first time in four days

The MSE Equity Price Index moved higher for the first time in four days on Wednesday as it advanced by 0.34% to 3,725.645 points.

Trading activity was spread across eight equities, four of which trended in positive territory whilst another four companies closed the day unchanged. Overall trading volumes improved contracted to €0.09 million compared to €0.2 million on Tuesday.

Two deals totalling 3,000 shares left the share price of Malta International Airport plc at the €5.95 level. Today, MIA announced that during the month of June passenger movements increased by 8.8% from the previous month to 603,532 which, in turn, is 16.4% lower than the amount of 721,565 passengers welcomed in the same period in 2019.

MIA explained that the rate of recovery in passenger movements was marginally stronger than the rebound in seat capacity (-17.7% when compared to June 2019).

On the other hand, the seat load factor of 85.5% achieved in June 2022 was superior to that recorded in May 2022 (81.4%) and June 2019 (84.1%). Meanwhile, the total number of passenger movements since the start of 2022, amounting to 2.35 million, was 7.7% short of the level of traffic of 2.54 million recorded in all of...