Following the declines of the previous two days, the MSE Equity Price Index on Wednesday rebounded by 0.12% to 4,340.393 points, largely driven by the gains in the share prices of GO and HSBC which, coupled with the increases in Tigne’ Mall and Mapfre Middlesea, outweighed the declines in BOV and Trident.

GO plc added 1.1% to a five-month high of €3.52 on activity totalling 21,881 shares.

HSBC Bank Malta plc recaptured the €1.78 level (+0.6%) across 43,047 shares whilst Mapfre Middlesea plc advanced by 1.6% to the €1.85 level albeit on just 1,250 shares.

Tigne’ Mall plc surged 5.3% to regain the €1.00 level on three deals totalling 11,000 shares. Yesterday, Tigne’ Mall announced that it entered into a preliminary agreement with MIDI plc for the acquisition of the temporary utile dominium related to the garage complex known as “T1 Car Park” located in Tigne’ Point comprising 132 car spaces over three underground levels. The consideration to be paid by Tigne’ Mall to MIDI amounts to €4.6 million.

Within the same segment, Malita Investments plc and Malta Properties Company plc traded unchanged at €0.87 and €0.50 respectively on shallow volumes.

Malta International Airport plc retained its all-time high of €5.85 across 1,272 shares. Yesterday, Ryanair revealed that it will be introducing 10 new routes in Malta for its schedule in summer 2019. The Irish carrier also said that it is expecting to carry 3.1 million passengers to and from Malta next year, representing a growth of 15%.

PG plc held on to the €1.35 level on encouraging volumes totalling 100,000 shares whilst a single deal of just 4,500 shares left the equity of RS2 Software plc flat at the €1.18 level.

Meanwhile, Bank of Valletta plc lost 1% back to the €1.50 level after partially recovering from its multi-year low of €1.48 (-2.3%). A total of 31,947 shares changed hands.

Trident Estates plc retreated 0.7% to the €1.34 level on trivial volumes. Today, the company announced that its Board of Directors is scheduled to meet on Wednesday 26 September to consider and approve the financial results for the six-month period ended 31 July 2018.

The RF MGS Index moved lower for the third consecutive day as it eased by a further 0.1% to a one-week low of 1,087.139 points. Movements in the prices of Malta Government Stocks reflected changes in yields of peripheral countries, in particular Italian government bonds, as these gained ground following the notable drop in yields recently. 


Comments not loading?

We recommend using Google Chrome or Mozilla Firefox.

Comments powered by Disqus