GO drops to the €3.50 level

 

The MSE Equity Price Index extended yesterday’s decline as it slipped by a further 0.5% to 4,025.985 points. The negative performances of MIA, GO, BOV and Farsons outweighed the gains in four companies whilst five other shares closed the day unchanged. Trading activity improved to €0.27 million largely on the back of increased volumes in GO. Download today’s Equity Market Summary.

GO plc shed 2.2% to the €3.50 level across 44,175 shares having a market value of €0.16 million.

Also among the large companies, Malta International Airport plc lost 2.6% to the €5.70 level on seven deals totalling 4,323 shares.

Bank of Valletta plc retracted back to the €1.00 level (-2%) across 25,704 shares.

The other negative performing equity today was Simonds Farsons Cisk plc with a drop of 0.6% to the €8.00 level albeit on just 1,257 shares.

Low trading activity also took place in the equities of Harvest Technology plc (€1.47), Mapfre Middlesea plc (€2.28), PG plc (€2.00) and Trident Estates plc (€1.54), all of which traded flat.

Three deals totalling 31,353 shares left the equity of BMIT Technologies plc at the €0.49 level.

Meanwhile, MIDI plc surged by 5.3% to regain the €0.40 level across 6,400 shares.

Within the same segment, Plaza Centres plc (12,040 shares) and Main Street Complex plc (9,200 shares) added 3.2% and 4.8% to €0.98 and €0.52 respectively.

RS2 Software plc advanced by 1.8% to recapture the €2.30 level across 6,000 shares.

The RF MGS Index slumped 0.3% to 1,094.990 points (the lowest level since early January 2019) as Italian and Spanish government bond yields continued to inch higher thus resulting in a widening spread over German counterparts. Today, ECB Executive Board Member Ms Isabel Schnabel was quoted as saying that the central bank might not expand its monetary policy tools imminently after boosting the ‘Pandemic Emergency Purchase Programme’ to €1.35 trillion last week.