The MSE Equity Price Index extended Tuesdays ecline by a further 0.09% to 4,290.618 points. Although activity was spread across nine shares, the total value of trades was low as only €0.09 million worth of shares changed hands.
Trident Estates plc shed 5.8% to its post spin-off low of €1.31 across 20,500 shares. The company’s AGM will be held on June 27.
Medserv plc shed 1% to the €1.04 level on two deals totalling 6,930 shares. On Monday, Medserv shareholders mandated the company to disclose information to any bona fide offeror, including unpublished price sensitive information, as may be necessary to enable any bona fide offeror to make, confirm, withdraw or modify any bona fide offer made to purchase and acquire a substantial shareholding in Medserv.
In the banking sector, Bank of Valletta plc retracted back to the €1.74 level (-0.3%) across 14,487 shares while Lombard Bank Malta plc lost 0.9% to the €2.28 level on a single deal of 4,000 shares.
GO plc retained its 2018 low of €3.40 across 1,400 shares.
PG plc (4,850 shares) and Malita Investments plc (15,000 shares) also closed the day flat at €1.31 and €0.84 respectively.
Meanwhile, Tigne’ Mall plc jumped 2.1% to regain the €0.98 level albeit on insignificant volumes. The equity is still trading with the entitlement to a final net dividend of €0.012875 per share.
Malta International Airport plc edged up to the €4.96 level on low trading activity.
On Wednesday, the Malta Stock Exchange confirmed that the shares of Main Street Complex plc were admitted to the Official List. The company is the owner of a retail and entertainment complex in the heart of Paola. Trading in the shares of Main Street is possible as from Thursday.
The RF MGS Index drifted lower for the second consecutive day with a further decline of 0.16% to an over three-year low of 1,104.593 points. Volatility across international financial markets continued, with political uncertainty in Italy dominating negative sentiment. In contrast, fresh economic data published on Wednesday was encouraging with notable improvements in German and Spanish inflation as well as year-on-year growth in French GDP. Moreover, indices gauging the level of business and consumer confidence within the single currency area exceeded expectations.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.