The MSE Equity Price Index shed a further 0.34% to a one-week low of 4,325.558 points on Thursday largely due to the decline in BOV which, coupled with the slump in the share price of GlobalCapital, outweighed the gains in four other equities.

Bank of Valletta plc shed 2.7% to close at the €1.46 level after only partially recovering from a fresh multi-year low of €1.45. A total of 83,622 shares changed hands.

On Wednesday, the bank announced that further to the decision by the Arbiter for Financial Services on 55 new cases relating to the La Valette Multi Manager Property Fund, BOV is now reviewing the details of this decision and the board of directors will be discussing the matter and deciding on the appropriate course of action to take in this respect.

A single deal of just 460 shares forced the equity of GlobalCapital plc 10.5% lower to a fresh 2018 low of €0.256.

Mapfre Middlesea plc maintained the €1.85 level across 21,848 shares.

International Hotel Investments plc and Malta International Airport plc also traded unchanged at the €0.63 and €5.85 levels respectively albeit on much lower volumes. On Tuesday, Ryanair revealed that it will be introducing 10 new routes in Malta for its summer schedule in 2019. The Irish carrier also said that it is expecting to carry 3.1 million passengers to and from Malta next year, representing a growth of 15%.

PG plc retained the €1.35 level on four deals totalling 25,000 shares.

Meanwhile, both HSBC Bank Malta plc (5,450 shares) and GO plc (2,500 shares) added 0.6% to the €1.79 and €3.54 levels respectively.

MaltaPost plc surged by 2.5% from its 2018 low of €1.61 to regain the €1.65 level albeit on just 3,000 shares.

Malta Properties Company plc climbed 1% to the €0.505 level on activity of 30,058 shares.

The RF MGS Index rebounded by 0.15% to 1,088.725 points. Movements in the prices of Malta Government Stocks continued to largely reflect changes in the yields of bonds of peripheral countries. Meanwhile, following the monetary policy meeting held today the European Central Bank (ECB) reiterated its intention of winding down its current quantitative easing programme by the end of this year.

www.rizzofarrugia.com

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