Following the declines registered in the previous four days, the MSE Equity Price Index rebounded on Thursday by 0.1% to 4,462.761 points.
GO and BOV trended higher (albeit on shallow volumes) while both MIA and RS2 lost more than 1%. Meanwhile, HSBC, IHI and Lombard ended the day unchanged. Trading volumes remained high, largely reflecting robust activity in RS2.
Bank of Valletta plc regained the €1.33 level (+1.1%) across 17,017 shares while GO plc surged 2.1% to the €3.98 level on trivial volumes. On Monday, GO shareholders approved the IPO of BMIT Technologies plc.
In contrast, RS2 Software plc slipped by 1.7% to the €1.13 level on three deals totalling 261,000 shares.
Malta International Airport plc also trended lower as the equity retreated by 1.6% back to the €6.00 level across 19,771 shares. The airport operator is soon expected to publish the November traffic results.
Also among the large companies, HSBC Bank Malta plc retained the €1.80 level across 7,667 shares. As indicated in the Interim Directors’ Statement dated November 9, 2018, the bank is expected to issue an update on its medium-term capital plan in the coming weeks.
A single deal of 5,000 shares left the equity of International Hotel Investments plc at the €0.60 level.
Lombard Bank Malta plc also traded unchanged at the €2.40 level across 8,200 shares.
The RF MGS Index moved higher for the fifth consecutive day as it added a further 0.02% to a near three-month high of 1,088.419 points. Malta Government Stock prices continued to gain ground amid heightened US-Chinese trade worries which, in turn, fuelled yet another sharp sell-off across global equity markets.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.
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