The MSE Equity Price Index trended minimally higher to 4,310.103 points on Tuesday as the gains in Farsons, BOV and PG slightly outweighed the decline in MIA. Meanwhile, GO and Trident closed the day unchanged, with trading in GO shares representing two-thirds of the total value of equities traded.
GO plc retained its five-month high of €3.56 on robust volumes totalling 61,437 shares.
Trident Estates plc also closed flat at the €1.34 level after opening at a low of €1.32 (-1.5%). Only 5,285 shares traded. The company is due to publish its interim results on September 26.
Malta International Airport plc shed 1.7% from its all-time high of €5.95 to the €5.85 level across 3,177 shares.
Meanwhile, both Bank of Valletta plc (26,958 shares) and PG plc (30,800 shares) added 0.7% to €1.48 and €1.39 respectively.
A single deal of just 250 shares lifted the equity of Simonds Farsons Cisk plc 1.4% higher to the €7.10 level. The company is scheduled to publish its interim results on Wednesday. The board of directors will also be considering the declaration of a dividend.
The RF MGS Index moved higher for the first time in three days as it advanced by 0.08% to 1,087.335 points. Eurozone sovereign yields trended mostly lower following a decision yesterday by US President Donald Trump to proceed with the introduction of further trade tariffs on goods imported from China. In reaction, China said that it intends to replicate the decision taken by the US, thus marking a sharp escalation in the current trade dispute between the world’s two largest economies. The US also said that if China were to retaliate, new trade tariffs would be introduced on further imports worth approximately $267 billion.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.