The MSE Equity Price Index advanced by 0.15% to a five-day high of 4,491.246 points, mostly driven by the gains in the share prices of BOV and GO whilst RS2, FIMBank and IHI trended lower. Trading volumes improved markedly from the previous two days as €0.29 million worth of shares changed hands.
Bank of Valletta plc added 1.5% to regain the €1.35 level across 57,361 shares.
Also among the large companies, GO plc moved back to the €4.00 level (+1%) after opening at a low of €3.88 (-2%). Only 2,623 shares traded. The company is scheduled to hold an Extraordinary General Meeting on 3 December 2018 related to the proposed sale of up to 49% of its shareholding in BMIT Technologies plc through an Initial Public Offering.
In the property segment, MIDI plc added 2.9% to the €0.70 level on encouraging volumes totalling 190,000 shares.
On the other hand, Malta Properties Company plc retained the €0.56 level albeit on trivial volumes.
Two deals totalling 14,101 shares left the equity of HSBC Bank Malta plc at the €1.80 level.
Meanwhile, RS2 Software plc retreated by 0.8% to €1.17 on 16,900 shares.
FIMBank plc shed 1.3% to the USD0.79 level on a single deal of 28,750 shares
International Hotel Investments plc retracted back to the €0.59 level on insignificant volumes.
The RF MGS Index extended its recent downward trend as it slipped lower for the fifth consecutive day to an over four-year low of 1,078.538 points. Malta Government Stock prices continued to suffer from heightened volatility across global equity markets, largely reflecting renewed concerns over a possible escalation in the current trade dispute between the US and China.
Stock markets are volatile and subject to fluctuations
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