MSE Equity Price Index drops nearly 1%
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The MSE Equity Price Index erased the gains recorded over the previous four days as it slid by 0.93% to 4,747.427 points. Six companies trended lower, including FIMBank, RS2 and BOV. On the other hand, only three equities ended the day higher whilst a furtheMSE Equity Price Index drops nearly 1%
The MSE Equity Price Index erased the gains recorded over the previous four days as it slid by 0.93% to 4,747.427 points. Six companies trended lower, including FIMBank, RS2 and BOV. On the other hand, only three equities ended the day higher whilst a further four shares closed unchanged. Trading volumes improved slightly to just above €0.3 million, the majority of which took place in BOV. Bank of Valletta plc moved back to the €1.32 level (-1.5%) on activity totalling 119,617 shares. Tomorrow, the bank is due to hold its AGM. Also in the banking sector, FIMBank plc plummeted by nearly 8% to the USD0.65 level albeit on much lower volumes amounting to 30,950 shares. Yesterday, the trade finance specialist held its AGM during which shareholders approved all items on the agenda including the issuance of a 1-for-30 bonus share. Lombard Bank Malta plc also performed negatively today with a drop of 0.8% to the €2.36 level on light trading activity totalling 3,756 shares. Mapfre Middlesea plc traded for the first time since the equity turned ex-div on 2 May, with the share price adjusting 5% lower to the €2.26 level on a single deal of just 2,000 shares. The company is due to pay total... Read more














