Tigné Mall share price surges higher

 

The MSE Equity Price Index opened the week lower as it eased by a further 0.24% to 3,878.135 points. The declines in RS2, MIA and MedservRegis outweighed the gains in several equities. Meanwhile, BOV and Harvest closed unchanged as overall trading activity improved to €0.17 million from €0.09 million last Friday. Download today’s Equity Market Summary.

Tigné Mall plc surged by a further 6.4% to a 7½ month high at the €0.84 level across two deals totalling 19,800 shares.

A single trade of 23,250 shares in Malita Investments plc lifted the equity 4.9% higher to the €0.86 level.  

Also in the property segment, Plaza Centres plc added a further 1.7% to a new 6-month high at the €0.915 level across 3,513 shares.

Among the large equities by market cap, GO plc edged 0.6% higher to the €3.32 level as 3,500 shares changed hands whilst HSBC Bank Malta plc advanced by 1.3% to the €0.81 level on a single deal of 14,754 shares.

Bank of Valletta plc closed flat at the €0.90 level as 33,306 shares changed hands.

Harvest Technology plc remained at the €1.50 level albeit on trivial volumes.

Meanwhile, Malta International Airport plc slipped by 2.4% back to the €6.00 level across 2,800 shares.

The ordinary shares of RS2 Software plc eased by 1.7% to the €1.75 level across 26,500 shares.

Elsewhere, MedservRegis plc fell by 3.3% to the €0.725 level on three deals totalling 13,250 shares. The company is scheduled to publish its interim financial results today.

The RF MGS Index snapped a 5-day losing streak as it inched 0.05% to 1,095.830 points. Preliminary economic data published today in Germany showed that inflation accelerated to 3.9% in August 2021, representing the highest level since December 1993. Price increases have been supported by a steady recovery in domestic demand and base effects from low prices in 2020, in particular the temporary lowering of VAT rates and the decline in the price of petroleum products. In the meantime, the economic sentiment indicator in the euro area dropped to 117.5 in August 2021, from an all-time high of 119.0 in the previous month. Sentiment deteriorated for the first time since January’s slight decline, amid fresh concerns surrounding the Delta coronavirus variant.