Daily Stock Market Review – January 18, 2022
The MSE Equity Price Index moved higher by a further 0.15% to 3,823.496 points as the increases in the share prices of HSBC, MedservRegis and BMIT outweighed the decline in GO. Meanwhile, three other equities closed the day unchanged as overall trading activity in equities amounted to €0.18 million.
Today, Malta International Airport plc announced that it welcomed 2.54 million passengers in 2021 which although represents a strong rebound over 2020, traffic volumes were still 65% lower when compared to 2019.
Given the industry challenges that are expected to persist in the coming months, MIA explained that at this stage it does not have sufficient data to provide a reliable traffic guidance for 2022.
Nonetheless, the airport operator noted that it will now proceed with two important projects – namely the development of ‘SkyParks 2’ (which will include a hotel) and the construction of ‘Apron X’ which is expected to be completed in 2026 and will be the largest investment in aerodrome infrastructure undertaken by MIA since 1998.
MIA’s Board of Directors is scheduled to meet on 22 February to consider and approve the financial statements for the year ended 31 December 2021. The...