Following the declines registered in the previous two days, the MSE Equity Price Index rebounded by 0.31% on Wednesday to 4,725.730 points as the gains in four companies (including BOV, MIA and RS2) outweighed the drops in three other shares.
Meanwhile, HSBC traded unchanged while overall trading volumes remained around the €0.3 million level.
Bank of Valletta plc erased Tuesday's decline as the equity bounced back by 1.9% to the €1.34 level across 35,777 shares. The bank is due to hold its annual general meeting on May 9.
Malta International Airport plc surged by 1.5% to regain the €6.70 level on activity totalling 5,558 shares. MIA’s AGM is scheduled to be held on May 15.
Also among the large companies, RS2 Software plc advanced by 0.7% to the €1.41 level across 23,000 shares. The company is due to publish its results for the 2018 financial year on Friday April 26. The directors will also consider recommending the payment of a dividend.
Tigné Mall plc gained 2.1% to the €0.96 level albeit on trivial volumes. Shareholders as at close of trading on June 18, 2019 will be entitled to a final net dividend of €0.0131 per share.
In contrast, MIDI plc lost 4.1% to its 2019 low of €0.59 on activity totalling 31,000 shares. on Thursday, MIDI is scheduled to publish its 2018 financial results.
BMIT Technologies plc moved back to the €0.525 level (-1.9%) across 52,876 shares.
GO plc eased by 0.4% to the €4.88 level after recovering from an intra-day low of €4.80 (-2%). A total of 30,329 shares changed hands. On Thursday, the equity turns ex-dividend. GO will be holding its AGM on May 28.
Meanwhile, a single deal of 11,000 shares left the equity of HSBC Bank Malta plc at the €1.73 level. On Thursday, the bank will pay a net dividend of €0.012 per share which was recently approved by shareholders during the bank’s AGM held on April 17.
The RF MGS Index trended lower for the first time in three days as it slipped by 0.07% to 1,110.762 points. Prices of Malta Government Stocks reflected movements in the yields of sovereign peripheral countries amid widening of credit spreads ahead of next Sunday’s general election in Spain.
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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