Activity in BMIT takes centre-stage
The MSE Equity Price Index remained virtually unchanged at just under 4,025 points as the gains in Farsons and Harvest were offset by the declines in the share prices of BOV and Trident whilst a further four companies ended the day unchanged. Trading volumes improved to €0.3 million with activity in BMIT representing 60% of the total value of equities exchanged. Download today’s Equity Market Summary.
BMIT Technologies plc retained the €0.48 level on a total of 374,215 shares having a market value of €0.18 million.
Malta International Airport plc and Mapfre Middlesea plc traded flat at €6.10 and €2.06 respectively albeit on shallow volumes.
In the property segment, Malta Properties Company plc maintained the €0.50 level across 75,000 shares.
In contrast, Trident Estates plc trended 1.3% lower back to the €1.48 level on a total of 10,500 shares.
The other negative performing equity today was Bank of Valletta plc as it eased 0.2% to the €0.948 level across 39,055 shares.
Meanwhile, Harvest Technology plc added 0.7% to recapture the €1.48 level on volumes totalling 18,595 shares.
Simonds Farsons Cisk plc also advanced by 0.7% to €7.70 albeit on trivial volumes.
The RF MGS Index extended yesterday’s drop by a further 0.15% to 1,129.814 points as a survey gauging the level of sentiment among German institutional investors and analysts exceeded expectations. Elsewhere in Italy, Prime Minister Giuseppe Conte will face a vote of confidence in the Senate today that could potentially end his tenure whilst also pushing the country into an early election.