The MSE Equity Price Index opened the week in positive territory as its climbed by 0.3% to a three-week high of 4,454.733 points. GO and MIA extended their recent positive trend and BOV rebounded from its multi-year low. On the other hand, HSBC drifted lower while a further four equities closed the day unchanged.
GO plc added 0.5% to yet another multi-year high of €4.28 on high volumes totalling 38,460 shares. The telecoms operator is due to publish its 2018 annual financial results on Friday March 8. The directors will also consider recommending a final dividend to shareholders at the company’s annual general meeting.
Also among the large companies, Malta International Airport plc climbed 0.8% to the €6.35 level (just below its all-time high of €6.40) across 9,250 shares.
Bank of Valletta plc rebounded by 1.6% from its multi-year low of €1.26 back to the €1.28 level albeit on just 13,250 shares.
In contrast, HSBC Bank Malta plc lost 0.6% to a four-month low of €1.72 across 57,211 shares.
Meanwhile, PG plc maintained the €1.33 level across 13,370 shares.
A single deal of 5,000 shares left the equity of Simonds Farsons Cisk plc at the €8.25 level.
Malta Properties Company plc (47,200 shares) and MaltaPost plc (4,259 shares) also traded unchanged at €0.52 and €1.27 respectively.
The RF MGS Index erased all the gains registered last week as it slipped by 0.22% to 1,103.069 points. Movements in Government Stock prices mostly reflected changes in the yields of the two largest peripheral countries – namely Spain and Italy – which, in turn, moved higher despite further indications of economic slowdown in the eurozone.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.