MSE Equity Price Index resurfaces above the 4,000 mark

 

The MSE Equity Price Index erased some of yesterday’s decline as it rebounded by 0.31% to 4,009.751 points. Trading activity was limited to just five equities, with RS2, HSBC and Farsons registering gains whilst GO and BMIT closed the day unchanged. Volumes remained muted as only €0.1 million worth of shares changed hands. Download today’s Equity Market Summary.

RS2 Software plc added 0.9% to regain the €2.32 level across 25,680 shares.

Also among the large companies, HSBC Bank Malta plc surged 2.1% to the €0.96 level albeit on just 5,200 shares.

A single deal of just 500 shares lifted the equity of Simonds Farsons Cisk plc 0.6% higher back to the €8.00 level.

Meanwhile, GO plc traded flat at the €3.50 level across 6,000 shares. Yesterday, GO announced that it will be recommending to the Annual General Meeting (to be held on 28 July) the approval of the payment of a net dividend of €0.10 per share. The dividend will be paid on 30 July to all shareholders as at close of trading on 28 April.

GO’s data centre subsidiary – BMIT Technologies plc – held on to the €0.49 level on four deals totalling 26,300 shares.

The RF MGS Index trended lower for the first time in four days as it slipped by 0.13% to 1,097.452 points. Optimism resurfaced across international financial markets as the US Federal Reserve yesterday announced that it will start buying a broad and diversified portfolio of corporate bonds to support market liquidity and facilitate the availability of credit for large employers through the Secondary Market Corporate Credit Facility. Meanwhile, retail sales and manufacturing data in the US were particularly encouraging, offering further evidence of the rebound in economic activity as various businesses restart operations.