The Covid-19 pandemic took over the world, and uncertainties for the future still remain as the healthcare system remains under pressure while the vaccine has not reached the masses yet.
However, the positive vaccine results in November gave financial markets much to cheer about.
The MSE Equity Total Return Index posted a 12% decline during the year, as it closed at 8,471.335 points. A sharp decline was registered in March with the outbreak, as the index reached 7,761.132 points.
Sentiment across local equities improved, as local Covid-19 cases were contained and as a number of large cap equities gained ground. However, the positive sentiment did not last long, as various equities turned negative once again.
Yet, similar to its international counterparts, various local equities recovered some of the lost ground, as positive news about potential vaccines were announced in November.
Since then till the year’s last trading day, the local equities’ index gained nearly 20%.
Undoubtedly, Malta International Airport plc (MIA) was among the worst hit companies during such unprecedented times. As the first Covid cases were recorded in Malta, MIA’s share price nose-dived to €3.50.
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