PG climbs to fresh all-time high of €2.08
The MSE Equity Price Index eased by 0.29% to 3,893.854 points as the declines in HSBC and RS2 outweighed the gains in BOV, BMIT and PG. Meanwhile, overall trading activity amounted to €0.15 million, largely emanating from heightened activity in MIA which generated just over half of today’s trading value. Download a copy of today’s Equity Market Summary.
PG plc rose by a further 1% as it closed at a new all-time high of €2.08 across 9,382 shares.
BMIT Technologies plc recovered from an intraday low of €0.51 (-1.9%) before closing nearly 1% higher at the €0.525 level as 46,200 shares changed hands. Shareholders as at close of trading on Thursday 22 April will be entitled to receive a final net dividend of €0.02922 per share.
In the retail banking sector, Bank of Valletta plc climbed by 1.1% to recapture the €0.91 level across 18,979 shares. On the other hand, HSBC Bank Malta plc slid by 3.5% to the €0.83 level across a single deal of trivial volumes.
Meanwhile, RS2 Software plc retraced by 2.7% to the €1.79 level across a single trade of 5,000 shares.
Elsewhere, Malta International Airport plc traded flat at the €6.20 level as 12,415 shares changed hands.
Similarly, GO plc remained unchanged at the €3.64 level across 1,000 shares.
The RF MGS Index started the week in positive territory after it increased by 0.12% to 1,114.091 points as Eurozone markets shifted their attention to the upcoming European Central Bank (“ECB”) Monetary Policy Meeting. Although the ECB is expected to reiterate the existing emergency stimulus setting with a horizon of March 2022, the recent acceleration in the rate of inoculations across the continent will have investors focused on the tone of this week’s press conference which may offer some indication as to how the easing of ultra-accommodative monetary policies may pan out in the future.