BOV drops back to the €1.02 level

 

The MSE Equity Price Index shed 0.06% to 4,605.642 points today as the decline in BOV outweighed the gains made in HSBC, BMIT, IHI, Plaza and Malita. One other equity ended the day flat whilst trading activity remained subdued as only €0.14 million worth of shares changed hands. Download today’s Equity Market Summary.

Today’s only negative performing equity was Bank of Valletta plc which fell by 1.9% to the €1.02 level across 48,897 shares.

Also in the banking sector, HSBC Bank Malta plc rose by 0.9% as it regained the €1.18 level across a single trade of just 1,575 shares.

Meanwhile, BMIT Technologies plc continued to trade within a tight range as a single deal of 17,200 shares lifted the equity by 1% to the €0.515 level.

Similarly, International Hotel Investments plc moved 0.7% higher to the €0.77 level across 2,000 shares.

In the property segment, following yesterday’s decline Plaza Centres plc recaptured the €1.01 level as it rose by 1% across 55,000 shares, while Malita Investments plc climbed by 2.8% to the €0.925 level off of a single trade of 20,000 shares.

Trident Estate plc ended the day unchanged at the €1.55 level across trivial volumes.

The RF MGS Index remained virtually unchanged as it crept up by just 0.01% to 1,148.475 points. This morning, Boris Johnson reignited investors’ concerns of a hard Brexit as several media outlets reported that the government will add a revision to the Withdrawal Agreement Bill to ensure that the UK will rule out the possibility of an extension to the transition period that ends on 31^st December 2020. If the legislation is implemented, this would leave just 11 months for a trade deal to be struck between the EU and the UK.