All equities traded bar one lose ground

The MSE Equity Total Return Index extended its negative trend as it declined by a further 2.4 per cent, reaching 8,169.326 points. A total of 14 equities were active, of which one advanced while another 12 lost ground. A total weekly turnover of €771,213 was generated across 159 transactions. Last Wednesday, Malta International Airport plc announced its financial performance for the first quarter of the year. Passenger traffic registered a decline of 16.1 per cent over the same quarter in 2019. Consequently, the group’s revenue during the first three months dropped by 17.5 per cent to €12.8 million, when compared to the same quarter of 2019. Following the implementation of cost-cutting measures, total operating expenditure also decreased from €8.3 million to €7.8 million in Q1 2020, representing a drop of 5.9 per cent. The Group’s capital expenditure for the first quarter of the year totalled €1.8 million. Malta International Airport’s aviation and non-aviation activities remain very limited. Accordingly, its revenue generation remains significantly impaired, when compared to normalised operations. This is further compounded by the uncertainty of the duration of the current...