GO share price eases to near 3-month low
The MSE Equity Price Index started the shortened trading week 1% lower at 3,952.564 points on the back of the declines in HSBC, Farsons, Mapfre and GO which outweighed the gains in MIDI. Meanwhile, MIA and MPC traded flat as overall trading activity amounted to €0.08 million. Download today’s Equity Market Summary.
Simonds Farsons Cisk plc recovered from an intraday low of €8.05 (-10.1%) before closing 2.8% lower at the €8.70 level as 4,313 shares changed hands.
HSBC Bank Malta plc plunged by 5.9% as it retraced back to the €0.80 level across 1,236 shares.
Meanwhile, GO plc fell by 0.6% as it closed at a near 3-month low of €3.38 with 8,627 shares changing hands.
A single trade of insignificant volumes forced Mapfre Middlesea plc 6.8% lower to the €2.18 level.
Similarly, Malta International Airport plc remained flat at the €6.40 level across two deals of trivial volumes.
Malta Properties Company plc closed unchanged at the €0.55 level as 1,000 shares changed hands. The Board of Directors of MPC is recommending the payment of a net dividend of €0.012 per share (2019: €0.01 per share). Shareholders as at close of trading on Friday 11 June 2021 will be entitled to receive this dividend on Wednesday 21 July 2021 subject to shareholders’ approval during the upcoming Annual General Meeting scheduled to be held remotely on Thursday 15 July 2021.
Also in the property segment, MIDI plc climbed by 2.9% to regain the €0.36 level across 25,250 shares.
The RF MGS Index started the week in positive territory as it advanced by 0.03% to 1,104.606 points. Eurozone Gross Domestic Product (‘GDP’) declined by 0.3% in the first three months of the year, an improvement over the earlier forecast of a 0.6% reduction in output. On the local front, Malta’s GDP grew for the third quarter in succession as it advanced by a further 1.9% when compared to Q4 2020. Eurostat data also showed that Eurozone employment levels in the first quarter of this year were 0.3% lower than the previous quarter, in line with expectations. Meanwhile, economists noted that supply chain bottlenecks are impeding industrial output, resulting in Germany’s industrial output for April to drop by 1% when compared to the previous month.