• The MSE Equity Price Index shed a further 0.9% today to move back to 4,393.626 points as the declines in IHI, Mapfre Middlesea and three other equities outweighed the increases in the share prices of MIA, GO and another three equities. Although various equities were active today, volumes registered were shallow and the total value trade amounted to just over €91,000 – well below this year’s daily average of around €0.35 million. Download a copy of today’s Equity Market Summary.
  • The RF MGS Index trended lower for the second consecutive session with a further 0.3% drop to 1,098.181 points as peripheral yields, including those of Spain and Italy, opened higher this morning on the back of yesterday’s rally. Meanwhile, the benchmark 10-year German Bund yield slipped back from its 2-week high of 0.517% (largely reflecting the intensifying rumours that the European Central Bank will announce the end of its asset purchase programme later on this month) back to just above the 0.4% level as demand for ‘safe-haven’ assets increased amid rising concerns on global trade. Last week, the US imposed tariffs on tariffs on steel and aluminium imports from Canada, Mexico and the European Union. Discussions in this respect are expected to take place during this weekend’s G7 summit.
  • Following three consecutive sessions of increases, the share price of International Hotel Investments plc eased 0.7% back to the €0.695 level on shallow volumes of 4,822 shares.
  • In the property segment, MIDI plc also released some of the recent uplift as it retreated by 2.8% back to the €0.42 level on just 8,198 shares. Similarly, the share price of Malita Investments plc slipped 1.2% back to the €0.85 level across 7,100 shares.
  • RS2 Software plc trended in negative territory for the second successive session with a further 0.9% drop back to the €1.14 level across two deals totalling 25,000 shares.
  • The only other negative performing equity was Mapfre Middlesea plc with a 5.9% plunge back to the €1.90 level on a single trade of 1,504 shares.
  • On the other hand, GO plc’s share price rebounded by 1.2% to regain the €3.40 level on shallow volumes of 1,500 shares.
  • Malta International Airport plc approached its all-time high of €5.10 as the equity moved 1% higher today to close at the €5.05 level albeit on just 2,050 shares.
  • Positive movements also in Medserv plc as the equity edged 1.9% higher to recapture the €1.05 level on an insignificant deal of 100 shares.
  • In the property segment, the newly listed Main Street Complex plc rebounded by 4.6% to close at the €0.68 level across 11,500 shares.
  • A single deal of just 154 Malta Properties Company plc shares was executed at the €0.55 level representing a 1.9% increase from the previous closing price.
  • Meanwhile, no changes in the share prices of Bank of Valletta plc (€1.76), GlobalCapital plc (€0.34) and FIMBank plc (USD0.545) were registered across very low volumes.
  • Likewise, Simonds Farsons Cisk plc (€6.70), Tigné Mall plc (€0.95) and Grand Harbour Marina plc (€0.79) also closed unchanged amid very shallow trading activity.

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