RS2 sinks to 16-month low

RS2 sinks to 16-month low

The MSE Equity Price Index rebounded during Tuesday’s session with a 0.18% uplift to 4,463.909 points on the back of increases in the share prices of HSBC, Malita, Malta Properties and Trident Estates. On the other hand, RS2 Software slid lower for the third time in the last four sessions while a further four equities ended Tuesday’s session unchanged.

RS2 Software plc was the only negative performer as the equity declined by a further 0.8% to a new 16-month low of €1.30 across four deals totalling 7,000 shares.

On the other hand, HSBC Bank Malta plc completely recovered from Monday’s €0.02 decline as the equity regained the €1.82 level on volumes of 18,973 shares. Next week, the bank is scheduled to publish its 2017 financial results.

Positive movements were also recorded across a number of property-related equities including Malita Investments plc with a 1.2% rise to €0.83 across nine deals totalling 39,500 shares.

Malta Properties Company plc also edged 1.3% higher to recapture the €0.48 level on a single deal of 15,000 shares.

Simiarly, Trident Estates plc advanced by 2.1% to a fresh all-time high of €1.95 albeit on very shallow volumes of 515 shares.

Meanwhile, Bank of Valletta plc recovered from an intra-day low of €1.81 to close the session unchanged at the €1.82 level across seven deals totalling 17,519 shares.

Simonds Farsons Cisk plc held on to the €7.45 level on elevated volumes of 61,065 shares.

Malta International Airport plc also closed the session unchanged at the €4.90 level on activity of 3,210 shares. The airport operator is scheduled to reveal its 2017 financial results next week.

Likewise, International Hotel Investments plc maintained the €0.63 level on low volumes of 6,000 shares.

The RF MGS Index was relatively unchanged today at 1,109.734 points although eurozone yields eased marginally below the 0.75% level.

Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.

Comments not loading? We recommend using Google Chrome or Mozilla Firefox with javascript turned on.
Comments powered by Disqus