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FIMBank share price climbs to 5-month high

The MSE Equity Price Index extended Tuesday's gains by a further 0.47 per cent to 4,305.523 points. Four equities trended higher, including GO and BOV, while only Mapfre Middlesea ended lower. Meanwhile, IHI, MIA and Farsons closed the day unchanged. Trading volumes improved to a four-day high of €0.28 million.

Bank of Valletta plc remained the most actively traded as the equity regained the €1.51 level (+0.7%) on activity totalling 88,110 shares having a market value of €0.13 million.

Also in the banking sector, FIMBank plc added 2.6 per cent to a five-month high of $0.59 across 22,050 shares.

MIDI plc jumped 2.7 per cent to recapture its all-time high of €0.57 on six deals totalling 101,650 shares.

GO plc also performed positively on Wednesday with a gain of 2.4 per cent back to the €3.44 level across 11,403 shares.

In contrast, both International Hotel Investments plc and Malta International Airport plc traded unchanged at €0.62 and €5.65 respectively on much lower volumes. MIA is soon expected to announce the traffic results for the month of August.

Simonds Farsons Cisk plc retained the €7.50 level after opening at a low of €7.35 (-2%). A total of 3,100 shares traded. On Wednesday, Farsons announced that its Board of Directors is scheduled to meet on Wednesday September 19  to consider and approve the interim financial statements covering the six-month period ended July 31, 2018. The directors will also be considering the distribution of an interim dividend.

Mapfre Middlesea plc lost 2.2 per cent to the €1.82 level albeit on trivial volumes.

The RF MGS Index moved higher for the second consecutive day as it added 0.15% to a one-week high of 1,089.226 points. Volatility across financial markets increased notably amid renewed global trade uncertainties as well as concerns over adverse developments in emerging markets in general.

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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