MSE Equity Price Index extends gains on low volumes

 

The MSE Equity Price Index extended yesterday’s strong uplift by a further 0.2% to 4,036.273 points. Activity was spread across just five shares, with GO and IHI posting gains whilst BOV, MIA and RS2 closed the day unchanged. Trading volumes remained muted as only €0.07 million worth of shares changed hands. Download today’s Equity Market Summary.

GO plc ended 0.6% higher at the €3.32 level after fluctuating between an intra-day low of €3.28 (-0.6%) and a high of €3.50 (+6.1%). A total of 14,053 shares traded.

International Hotel Investments plc advanced by 1.7% to the €0.595 level across 10,480 shares. Tomorrow, IHI is due to publish its 2019 financial results.

Also among the large companies, Malta International Airport plc held on to the €5.80 level across 2,000 shares.

A single deal of 8,661 shares left the equity of Bank of Valletta plc at the €1.02 level.

RS2 Software plc stayed at the €2.40 level after opening at a low of €2.30 (-4.2%) on trivial volumes.

The RF MGS Index erased most of yesterday’s decline as it rebounded by 0.16% to 1,099.149 points. Sentiment across international financial markets turned cautious as rising COVID-19 cases around the world left investors on edge. Meanwhile, fresh data in the US showed that another 1.48 million people filed for jobless claims last week compared to an estimated increase of 1.3 million. However, continuing claims (which show the number of people receiving benefits after an initial week of aid) edged below the 20 million to 19.5 million compared to 20.3 million in the previous week.