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  •  The MSE Equity Price Index moved slightly lower as it eased by 0.01% to 4,395.867 points, mostly driven by the drop in the share price of RS2 and Farsons. Trading volumes dropped further as only €0.2 million worth of shares changed hands today. Despite the declines registered yesterday and today, the local equity index still registered a weekly gain of 0.81% on the back of the weekly uplifts in FIMBank, BOV, Farsons and Medserv. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index moved higher for the first time in three days as it rebounded by 0.02% to 1,103.211 points reflecting the decline across euro zone sovereign yields following the introduction of a number of trade tariffs on goods flowing between the US and China. In this respect, China accused the US for initiating the “biggest trade war in economic history” and also promised that it will be protecting its “core interests”.  On the economic front, German industrial production rose by a much better-than-expected 2.6% in May, representing the strongest monthly rebound since the start of this year.
  • RS2 Software plc moved back to the €1.20 level (-1.6%) albeit on just 5,800 shares.
  • Similarly, Simonds Farsons Cisk plc retracted by 0.7% from its over four-month high of €7.20 to the €7.15 level on 8,352 shares.
  • Malita Investments plc also trended in negative territory as it eased by 0.6% from its 2018 high of €0.895 to the €0.89 level on a single deal of 24,450 shares.
  • Low trading activity also took place in the equity of Loqus Holdings plc which tumbled by 30% to its all-time low of €0.07 across 63,844 shares.
  • On the other hand, Malta International Airport plc edged 1% higher to recapture the €5.05 level on three deals totalling 5,890 shares.
  • The only other positive performing equity today was MIDI plc as the company’s share price regained the €0.49 level (+0.4%) across 40,816 shares.
  • Meanwhile, Bank of Valletta plc continued to trade within a tight range as the equity ended unchanged at the €1.745 level for the second consecutive day across 16,962 shares.
  • Two deals totalling 19,250 shares left the equity of Malta Properties Company plc unchanged at the €0.50 level.
  • Trident Estates plc also held on to its previous closing price of €1.31 on volumes of 10,907 shares.
  • This morning, PG plc announced that with effect from next Monday, the Zara shopping complex located in Sliema will be temporarily closed for a period of approximately three months due to the extensive construction works being carried out for the enhancement and extension of the same building. The equity remained inactive today.

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