The MSE Equity Price Index recovered by 0.34% to 4,762.177 points as various equities ended in positive territory whilst only MIDI moved lower. Trading volumes remained on the low side as €0.25 million worth of shares changed hands.

Bank of Valletta plc rebounded by 1.8% to the €1.425 level across 10,484 shares.

BOV’s insurance associate – Mapfre Middlesea plc – also performed positively today as the equity regained its over two-year high of €2.36 (+0.9%) on activity totalling 26,460 shares.

In the technology sector, RS2 Software plc moved 0.7% higher to the €1.42 level across 2,100 shares whilst BMIT Technologies plc recaptured the €0.52 level (+1%) on 28,100 shares.

Plaza Centres plc also added 1% to the €1.03 level across 87,200 shares whilst a single deal of just 5,931 shares lifted the equity of Malita Investments plc 1.2% higher back to the €0.87 level (+1.2%). Shareholders of Malita as at close of trading on 3 April will be entitled to a final net dividend of €0.01417 per share.

In contrast, MIDI plc shed 1.6% to the €0.63 level across 21,600 shares. The company is due to publish its 2018 financial results on 25 April.

Meanwhile, both Malta Properties Company plc (1,404 shares) and Trident Estates plc (10,000 shares) closed the day unchanged at €0.58 and €1.33 respectively.

GO plc traded flat at the €4.90 level on light volumes totalling 2,706 shares.

Two deals totalling 3,630 shares left the equity of Malta International Airport plc at the €6.60 level.

Today, Medserv plc announced that its Board of Directors is scheduled to meet on 24 April to consider and approve the financial statements for the year ended 31 December 2018. The company also noted that its forthcoming Annual General Meeting will be held on 27 May. The equity remained inactive today.

The RF MGS Index advanced by 0.11% to a fresh fifteen-month high of 1,117.075 points as euro bonds yields remained under considerable downward pressure following the issuance of a string of negative economic data today. This included disappointing inflation in Spain and Germany, as well as subdued readings of consumer and business sentiment.

On Wednesday, International Hotel Investments plc announced that the entire amount of €20 million of the new 4% unsecured bonds maturing in 2026 had been allocated to Authorised Financial Intermediaries through an Intermediaries’ Offer. Following the payment of the first interest due on 20 December 2019 covering the period from 22 March 2019 to 19 December 2019, the new bonds will merge with the existing €40 million 4% unsecured bonds 2026, and subsequent interest payments will cover the annual period from 20 December to 19 December of ensuing years during the lifetime of the bonds. Trading in this new bond will commence as from tomorrow 29 March.

www.rizzofarrugia.com

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