HSBC lifts the MSE Equity Price Index higher

The MSE Equity Price Index extended Wednesday's gains as it advanced by 0.17% to 3,732.076 points. The uplift in the share price of HSBC outweighed the drops in Farsons and Trident whilst another five companies closed the day unchanged. Trading activity in equities remained muted as only €0.09 million worth of shares changed hands.

HSBC Bank Malta plc rebounded by 4.7% to the €0.785 level across 9,250 shares.

Within the same segment, APS Bank plc (49,000 shares) and Bank of Valletta plc (36,743 shares) remained at €0.66 and €0.92 respectively.

Two deals totalling 675 shares left the share price of Malta International Airport plc at the €5.95 level. Yesterday, 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%).