The MSE Equity Total Return Index (MSE) registered a further 3.2% increase, as investors’ sentiment improved possibly on the back of the relaxation of some Covid measures.
Most large caps gained, as International Hotel Investments plc (IHI) jumped by 33%. On the other hand, technology companies declined. The local equities index finished the week at 8,042.663 points. Following the gains in the past two trading weeks, the MSE Index has recovered some lost ground since the beginning of the year and is now down by 5 per cent.
A total of 19 equities were active, nine of which traded higher while another six closed in the red. During this four-day trading week, total turnover was €0.7 million.