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MSE Equity Price Index reaches 4-week high

The MSE Equity Price Index extended its positive trend with a rise of a further 0.19% during Friday's session to reach a fresh 4-week high of 4,347.612 points. Three equities, including MIA and Farsons, trended higher today while BOV closed lower. Over the week, the MSE Equity Price Index edged 1.6% higher largely reflecting the gains in MIA, HSBC, Farsons and FIMBank.

The share price of Malta International Airport plc trended higher for the second consecutive session with a rise of a further 0.9% to reach yet another all-time high of €5.80 on volumes of 5,148 shares. The airport operator on Friday morning announced its August traffic results revealing a 9.5% increase in passenger movements to a record of 759,547 passengers on the back of a 10.5% growth in seat capacity which offset the marginal decline in the seat load factor to 87.4%.

Similarly, the equity of Simonds Farsons Cisk plc jumped by 2% to close at the €7.65 level on a single deal of 343 shares.

A single trade was also executed in PG plc as the equity edged 1.5% higher to recapture the €1.38 level across 1,100 shares.

On the other hand, Bank of Valletta plc eased lower for the second successive session as the share price closed below the €1.50 level for the first time since October 2012. The equity ended the session at the €1.495 level representing a 0.3% drop from the previous closing price on volumes of 37,152 shares.

Meanwhile, MIDI plc held on to its all-time high of €0.57 across 41,000 shares.

Likewise, Medserv plc closed Friday's session unchanged at the €1.09 level across three deals totalling 10,000 shares.

The RF MGS Index moved back into positive territory with a 0.16% increase to an almost 2-week high of 1,089.963 points as the benchmark 10-year German Bund yield regained the 0.37% level on the back of reassurances from Italy that it would control its level of debt and respect the principles of Europe’s economic policy guidance. As a result, the yields of the peripheral countries, such as Spain and Italy, eased lower.

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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