MSE Share Index reaches another 2-year high
The MSE Share Index maintained its positive stint with the eleventh increase in the past 12 trading sessions. The local equity benchmark rose by a further 0.3 per cent during this morning’s session to reach a new two-year high of 3,440.620 points. New...
The MSE Share Index maintained its positive stint with the eleventh increase in the past 12 trading sessions. The local equity benchmark rose by a further 0.3 per cent during this morning’s session to reach a new two-year high of 3,440.620 points.
New bids helped the share price of Bank of Valletta plc gain 0.7 per cent to a new seven-week high of €2.29 on volumes of just over 8,000 shares. The bank’s insurance associate, Middlesea Insurance plc, gained 1.1 per cent today to regain the 82c level across 4,535 shares.
Similarly, International Hotel Investments plc hit a new seven-month high of 93c on the back of a 3.3 per cent increase during today’s session across 11,551 shares.
Also in the tourism sector, Island Hotels Group Holdings plc edged 3.8 per cent higher to close at the 54c5 level.
A total of 55,600 shares changed hands today in anticipation of the publication of the group’s results scheduled to be published on June 25.
The latest addition to the local equity market, Tigné Mall plc, jumped five per cent to reach the 53c level on a single deal of 1,000 shares.
On the other hand, the share price of HSBC Bank Malta plc succumbed to fresh selling pressure as the equity retreated by 1.8 per cent back to the €2.69 level albeit on low volumes of 2,300 shares.
FIMBank plc also eased one per cent lower to US$1.02 level on a deal of 50,000 shares. Meanwhile, Lombard Bank Malta plc ended this morning’s session unchanged at the €1.75 level across 2,000 shares.
GO plc recovered from an intra-day low of €1.50 to end the session at the previous closing price of €1.53 on volumes of 10,500 shares. Likewise, Malta International Airport plc held on to the €2.05 level after recovering from an intra-day low of €2.04 on volumes of just over 18,000 shares.
The only other active equity was Grand Harbour Marina plc which maintained the €1.95 level across a single trade of 2,000 shares. The company will be holding its annual general meeting next week.
On the bond market, the Rizzo Farrugia MGS Index was practically unchanged at just above the 1,021-points level as Eurozone yields continued to trade around the 1.55 per cent level in anticipation of the news from the US Federal Reserve monetary policy meeting later today.
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