MSE Equity Price Index rebounds from two-month low
The MSE Equity Price Index erased some of yesterday’s sharp decline as it advanced by 0.58% to 4,633.816 points.
A substantial portion of today’s trading activity took place in the equity of MIA.
The slight upturn in MIA coupled with the gains in IHI and HSBC, outweighed the drop in PG. Meanwhile, RS2, BMIT and Medserv closed unchanged as overall trading volumes contracted to a total of €0.28 million.
Trading in Malta International Airport plc remained volatile as the equity traded in the €6.50 to €6.85 range before settling 1.5% higher at the €6.65 level across 17,160 shares having a market value of €0.11 million. Tomorrow, the airport operator is due to publish its 2019 full-year financial results. The Directors will also consider the payment of a final dividend.
Also among the large companies, HSBC Bank Malta plc added 0.9% to regain the €1.07 level on two deals totalling 20,000 shares. Shareholders as at close of trading on 5 March will be entitled to receive a final net dividend of €0.014 per share.
International Hotel Investments plc recovered almost 4% compared to yesterday’s plunge of 5% as the equity moved to the €0.79 level albeit on light volumes.
Conversely, PG plc...