The MSE Equity Price Index eased by a minimal 0.06% to 4,325.413 points on Thursday, reflecting the declines in BOV and PG which outweighed the gains in MPC and MaltaPost.

Trading volumes continued to improve and reached a six-week high of €0.66 million, largely reflecting robust activity in HSBC and Mapfre Middlesea.

Bank of Valletta plc retreated by 0.7% to its six-year low of €1.44 across 24,104 shares.

PG plc also lost 0.7% back to the €1.39 level on activity totalling 30,700 shares.

On the other hand, Malta Properties Company plc surged by nearly 6% to the €0.525 level albeit on just 2,000 shares.

Two deals totalling 50,000 shares lifted the equity of MaltaPost plc 1.2% higher back to the €1.65 level.

Meanwhile, HSBC Bank Malta plc traded unchanged at the €1.72 level on high volumes totalling 165,336 shares.

Within the same sector, Lombard Bank Malta plc traded for the first time in over a week. The equity closed flat at its 2018 high of €2.42 across 14,879 shares.

Mapfre Middlesea plc maintained the €1.83 level on heightened activity totalling 100,108 shares.

The RF MGS Index rebounded by 0.12% from its four-year low of 1,084.508 points to 1,085.785 points. Eurozone sovereign yields trended mostly lower today despite yesterday’s interest rate hike by the US Federal Reserve which is the third rise this year. The Fed noted the strong growth of the US economy and explained that this should remain steady through 2019.

www.rizzofarrugia.com

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