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The MSE Equity Price Index erased some of Wednesday's sharp decline as it rebounded by 0.6% to 4,381.425 points on Thursday. The increase was largely driven by the gains in MIA and GO. On the other hand, RS2 and MIDI trended lower whilst a further five equitiMIA surges as it issues 2019 forecasts
The MSE Equity Price Index erased some of Wednesday's sharp decline as it rebounded by 0.6% to 4,381.425 points on Thursday. The increase was largely driven by the gains in MIA and GO. On the other hand, RS2 and MIDI trended lower whilst a further five equities closed the day unchanged. Malta International Airport plc surged 4.3% to regain the €6.00 level across 5,100 shares. Today, the airport operator issued the 2018 traffic results as well as the passenger and financial forecasts for 2019. During 2018, MIA registered a 13.2% increase in passenger movements to a new record (the ninth consecutive) of 6.81 million movements. Furthermore, for the fifth consecutive year, the growth in the shoulder months outpaced the peak summer months. For 2019, MIA is expecting a further growth in passenger numbers of 5.8% to 7.2 million. This growth includes 18 new route developments including flights to Amman and the launch of daily operations to Doha by newcomer Qatar Airways. MIA also outlined its financial targets for 2019, namely revenues of €96 million, EBITDA of €59 million and net profit of €31 million. The airport operator also reiterated its plans on various multi-million capital... Read more