The MSE Equity Price Index added 0.03% to 4,452.856 points as the gains in four equities (including GO and BOV) slightly outweighed the drops in IHI, PG and GHM. Trading volumes contracted sharply from Monday as several equities traded on shallow activity.
Bank of Valletta plc regained the €1.30 level (+0.8%) across 22,695 shares.
A single deal of just 700 shares lifted the equity of GO plc 1% higher to the €4.06 level.
Low trading activity also took place in the equities of Plaza Centres plc and Malta Properties Company plc. Plaza climbed 2% to the €1.02 level while MPC gained 0.9% to €0.535.
PG plc eased by 0.7% to the €1.34 level across 4,400 shares while International Hotel Investments plc lost 1.7% to €0.59 on volumes of 105,650 shares.
Grand Harbour Marina plc tumbled 14.3% to an all-time low of €0.60 albeit on insignificant volumes.
Meanwhile, HSBC Bank Malta plc (5,680 shares) and Medserv plc (4,750 shares) traded unchanged at €1.76 and €1.06 respectively. On Tuesday, Medserv announced that it has been awarded a contract extension by Eni North Africa to continue providing logistic marine services from the Medserv base situated at the Malta Freeport. The contract has been extended for a further two years and came into effect on January 1, 2019.
Two deals totalling 2,285 shares left the equity of Simonds Farsons Cisk plc at the €8.75 level.
The RF MGS Index trended higher for the fourth consecutive day to a near six-month high of 1,099.016 points as euro bond yields remained under downward pressure amid various uncertainties across financial markets including prolonged government shutdown in the US as well as the imminent UK Parliamentary vote on Brexit.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.