Last Friday’s rebound in the MSE Equity Price Index was short-lived as the local equity index shed 0.4% on Monday to 4,292.758 points largely reflecting the declines in BOV and IHI. A further three equities trended lower today while MIDI and Malita Investments advanced. Meanwhile, four equities closed the day unchanged as trading volumes across local equities marginally improved to just under €0.39 million.
Following the rebound registered in the latter sessions of last week, the equity of Bank of Valletta plc dropped by 1.3% back to its multi-year low of €1.50 across 19 deals totalling 53,887 shares.
Similarly, International Hotel Investments plc eased by 0.8% back to the €0.635 level on an insignificant deal of 608 shares.
Likewise, weak volumes were registered in FIMBank plc as the equity slipped by 1% to the $0.51 level – just above its 2018 low of $0.50.
Simonds Farsons Cisk plc was active for the first time since early August with the share price easing by 1.3% to the €7.40 level on activity of 1,750.
The only other negative performing equity was Trident Estates plc as it slipped by 2.3% back to the €1.30 level on shallow volumes of 2,431 shares.
On the other hand, MIDI plc registered its third consecutive uplift with a rise of a further 1.9% to yet another new record high of €0.53 across four deals totalling 84,684 shares.
Also in the property segment, Malita Investments plc advanced by 1.2% to regain the €0.88 level on volumes of 40,000 shares. The equity will trade with the entitlement to the net interim dividend of €0.00858 per share until Tuesday.
Meanwhile, GO plc held on to the €3.40 level across six deals totalling 34,118 shares.
Similarly, Malta International Airport plc closed unchanged at the €5.65 level after recovering from an intra-day low of €5.60 across seven deals totalling 8,571 shares.
RS2 Software plc also ended Monday's session unchanged at the €1.19 level across a single trade of 3,000 shares.
The only other active equity was Malta Properties Company plc as the equity held on to the €0.51 across 81,745 shares.
The RF MGS Index extended last week’s 0.2% decline with a drop of a further 0.08% to 1,094.272 points as eurozone sovereign yields were supported at last week’s levels this morning. However, yields across Europe retreated this afternoon on the back of concerns regarding Turkey and uncertainties ahead of trade talks between the US and China.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.