Uplift in IHI drives the MSE Equity Price Index higher

 

The MSE Equity Price Index advanced by 0.31% to 3,904.372 points as the gains in IHI, GO, and RS2 outweighed the declines in BOV and Trident. Meanwhile, BMIT, MIA and PG remained unchanged as overall trading activity eased to €0.14 million. Download today’s Equity Market Summary.

International Hotel Investments plc surged by just under 5% to the €0.64 level on three deals totalling 18,000 shares.

The ordinary shares of RS2 Software plc added 0.6% to the €1.74 level across four trades totalling 8,870 shares.

GO plc gained 0.6% to the €3.32 level on three deals totalling 10,900 shares.

GO’s IT services subsidiary, BMIT Technologies plc, traded flat at the €0.49 level on volumes of 24,000 shares.

Similarly, PG plc held on to its all-time high of €2.50 on a single trade of 4,800 shares. PG will be holding its annual general meeting on Thursday 21 October 2021.

Malta International Airport plc remained at the €6.10 level on two trades totalling 2,290 shares after recovering from an intraday low of €6.05 (-0.8%).

Meanwhile, Bank of Valletta plc lost 1.7% to the €0.87 level across seven deals totalling 28,222 shares.

Trident Estates plc moved 1.9% lower to the €1.55 level on four trades totalling 9,310 shares.

The RF MGS Index posted its sharpest decline in 11-months as it fell by 0.49% to a 34-month low of 1,079.994 points. Eurozone retail sales rose less than expected in August while German factory orders slumped by 7.7% in the same month following two months of gains. Meanwhile in the US, employment growth within the private sector exceeded expectations in September, with most of the new jobs created in the leisure and hospitality sector.