The MSE Equity Price Index on Monday extended the gains registered in the previous three trading sessions as it added a further 0.04% to 4,428.697 points. The positive performance of the equity index was mainly driven by the 5% jump in the share price of RS2. The share prices of Medserv, MIDI and Trident also increased whilst BOV and HSBC drifted lower. A further six equities closed the day unchanged. Trading volumes remained encouraging as a total of €0.51 million worth of shares changed hands today.
RS2 Software plc rose to its highest level in ten months as it closed today’s trading session at €1.47 (+5%) on strong volumes totalling 145,412 shares.
Medserv plc also posted sharp gains today as the equity added 5.7% to regain the €1.12 level across 12,650 shares.
In the property segment, Trident Estates plc advanced by 1.6% to the €1.30 level across 7,700 shares whilst a single deal of just 3,000 shares lifted the equity of MIDI plc back to the €0.66 level (+1.5%).
Meanwhile, both Malta Properties Company plc (119,500 shares) and Main Street Complex plc (3,300 shares) ended unchanged at the €0.52 and €0.63 levels respectively.
Similarly, GO plc held on to its multi-year high of €4.20 after opening at a low of €4.18 (-0.5%). A total of 5,000 shares changed hands.
Four deals totalling 1,277 shares left the equity of Malta International Airport plc at the €6.20 level.
Likewise, Simonds Farsons Cisk plc traded unchanged as it retained the €8.00 level on 12,836 shares.
On the other hand, HSBC Bank Malta plc shed 1.7% to the €1.73 level albeit on trivial volumes.
Bank of Valletta plc slipped back to its multi-year low of €1.28 (-0.8%) on volumes totalling 58,725 shares.
The RF MGS Index moved lower for the first time in six days as it eased by 0.05% to 1,104.423 points. Sovereign bond yields in the euro area rebounded slightly from their recent lows amid some positive monetary data including a sustained expansion in private sector loans.
Today, the Treasury of Malta announced that the amount of issuance of Malta Government Stocks during 2019 will not exceed €450 million. The funds raised will be principally used to finance the redemption of six MGS issues.
Stock markets are volatile and subject to fluctuation