MSE Equity Price Index eases on lacklustre volumes
The MSE Equity Price Index slipped by a minimal 0.09% to 3,924.591 points as the drops in BOV, Farsons and PG outweighed the gains in GO and BMIT. Meanwhile, MIA closed the day unchanged as trading activity contracted further to €0.07 million. Download today’s Equity Market Summary.
Bank of Valletta plc lost 1% to the €0.95 level on a total of 6,542 shares. BOV is due to publish its interim results on 31 July.
Simonds Farsons Cisk plc moved back to the €7.95 level (-0.6%) across 1,552 shares.
A single deal of just 745 shares forced the equity of PG plc to retract by 1.6% to the €1.90 level.
GO plc was the best performing equity today with a gain of 1.8% to recapture the €3.42 level on 2,330 shares. Today, GO announced that the Listing Authority approved the Prospectus in relation to the new €40 million 4% unsecured bonds to be issued by Cablenet Communication Systems plc – GO’s telecoms subsidiary in Cyprus.
BMIT Technologies plc added 0.8% to the €0.486 level across 30,850 shares. BMIT is due to publish its interim results on 7 August.
Meanwhile, Malta International Airport plc maintained the €5.60 level after recovering from an intra-day low of €5.50. A total of 4,423 shares changed hands.
The RF MGS Index climbed 0.25% higher to a near two-month high of 1,106.701 points as euro zone sovereign bond yields trended lower after EU leaders managed to broker a landmark deal on a coronavirus recovery package following five days of marathon negotiations. Under the agreement, Malta is subject to an allocation of €327 million in grants apart from a further €1.92 billion from the EU’s seven-year budget. The latter would be directed towards various areas of the economy including innovation, the environment, education, national security, agriculture and fisheries, infrastructure, and sustainable development.