MSE Equity Price Index retreats below 4,700 points
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MSE Equity Price Index retreats below 4,700 points

The MSE Equity Price Index on Thursday lost 0.8% to 4,688.123 points as declines in seven equities outweighed gains in three companies whilst four other shares closed the day unchanged. Most of the trades took place on thin volumes as only €0.17 million worth of shares changed hands today.

GO plc adjusted 5.7% lower to the €4.60 level after opening at €4.28 (-12.3%) on activity totalling only 1,675 shares. Today, the equity started trading without the entitlement to net dividends per share of €0.55. The company’s AGM is scheduled to be held on 28 May and the dividend will be paid on 30 May.

A single deal of 3,100 shares forced the equity of Malta International Airport plc to drop by 1.5% back to the €6.60 level. MIA is due to hold its AGM on 15 May.

Lombard Bank Malta plc slipped by 0.9% to the €2.26 level across 12,420 shares.

PG plc retracted by 0.6% from its all-time high of €1.56 to the €1.55 level on activity of 24,900 shares.

Similarly, Mapfre Middlesea plc dropped 0.8% from its three-year high of €2.40 to the €2.38 level albeit on insignificant volumes. The company is scheduled to hold its AGM tomorrow.

Tigné Mall plc erased some of yesterday’s gains as the equity moved back by 1.6% to the €0.945 level across 3,450 shares. Shareholders as at close of trading on 18 June 2019 will be entitled to a final net dividend of €0.0131 per share.

Also in the property segment, Plaza Centres plc declined by 1% to the €1.03 level on trivial activity. Shareholders as at close of trading on 2 May will be entitled to receive a net dividend per share of €0.0294.

In contrast, Malta Properties Company plc rebounded by 1.7% to regain the €0.59 level across 3,650 shares. Shareholders as at close of trading on 9 May will be entitled to receive a net dividend per share of €0.01.

BMIT Technologies plc (9,340 shares) and MaltaPost plc (18,490 shares) added 1.9% and 1.7% to €0.535 and €1.20 respectively. BMIT is due to hold its AGM on 27 May.

Meanwhile, a single deal of 8,500 shares left the equity of MIDI plc at the €0.59 level. The company’s Board of Directors was scheduled to meet today to consider and approve the 2018 financial statements.

RS2 Software plc and International Hotel Investments plc also closed flat at €1.41 and €0.73 respectively on light trading volumes. RS2 is due to publish its 2018 financial results tomorrow whilst IHI will issue its 2018 financial statements on Tuesday 30 April.

Bank of Valletta plc maintained the €1.34 level across 16,428 shares. The bank is due to hold its AGM on 9 May.

The RF MGS Index surged by 0.2% (the sharpest uplift in more than six weeks) to 1,113.033 points as eurozone sovereign yields tanked amid disappointing economic data as well as remarks by ECB Vice-President Luis de Guindos who was reported as saying that the central bank may resume its Asset-Purchase Programme if required to do so.

www.rizzofarrugia.com

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