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BOV & RS2 lift MSE Equity Price Index

Following four consecutive days of declines, the MSE Equity Price Index rebounded by 0.17% on Wednesday to 4,386.429 points on the back of the positive movements in Bank of Valletta plc and RS2 Software plc.

These offset the decline in Simonds Farsons Cisk plc and MIDI plc while a further six equities ended the day unchanged. A total of €0.47 million worth of shares changed hands.

Bank of Valletta plc closed 0.6% higher at the €1.74 level after managing to recover from an intra-day low of €1.725 across a total of 47,013 shares.

RS2 Software plc advanced by 3.4% to regain the €1.21 level on volumes of 54,097 shares.

On the other hand, Simonds Farsons Cisk plc slipped by 2.2% back to the €6.55 level after most of Wednesday's trades took place at €6.70. Farsons is scheduled to hold its Annual General Meeting on Thursday June 21.

MIDI plc trended lower for the second consecutive session with a decline of a further 0.5% to the €0.424 level on volumes of 47,500 shares.

Meanwhile, Malta International Airport plc (€5.05), Lombard Bank Malta plc (€2.26) and Mapfre Middlesea plc (€1.94) traded unchanged on shallow volumes.

Higher trading activity took place in PG plc with the equity ended the day unchanged at the €1.29 level on volumes of 77,850 shares.

Likewise, Malita Investments plc held on to the €0.85 level across two deals totalling 52,900 shares.

The RF MGS Index was relatively unchanged today at 1,097.515 points as investors await the outcomes of the monetary policy meetings of the US Federal Reserve on Wednesday evening and the European Central Bank (ECB) on Thursday.

www.rizzofarrugia.com

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

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