The MSE Equity Price Index erased most of Monday's gains as it slipped by 0.46% to 4,371.498 points. Five equities trended in negative territory while another three equities traded unchanged. Volumes contracted noticeably as only €0.17 million worth of shares changed hands compared to €0.36 million on Monday.
Bank of Valletta plc remained the most activity equity as 10 deals totalling 66,153 shares forced the equity to move 0.8% lower back to the €1.30 level.
Among the large equities by market capitalisation, International Hotel Investments plc also trended in negative territory to close at the €0.60 level (-1.6%) albeit on trivial volumes.
GO plc shed 1.5% to the €4.04 level on 5,410 shares and PG plc retreated by 0.8% to €1.32 across 15,300 shares.
The worst performing equity on Tuesday was Trident Estates plc with a 2.3% decline to the €1.29 level on a total of 15,400 shares.
Meanwhile, Malta Properties Company plc and Main Street Complex plc remained unchanged at the €0.515 and €0.64 levels respectively on light trading volumes.
HSBC Bank Malta plc also ended the trading session unchanged at the €1.75 level on 10,385 shares.
The RF MGS Index climbed 0.06% to 1,101.085 points – the highest level since late July 2018 – as euro sovereign bond yields drifted lower (bond prices edged higher) amid renewed concerns across international financial markets over global economic growth.
Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.