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.
The MSE Equity Total Return Index managed to finish the week 0.8% higher at 7,792.985 points, despite a decline in the share price of Bank of Valletta plc (BOV).
A total of 12 equities were active, seven of which registered gains while one lost ground.
During this three-day trading week, total turnover was 36% higher than the previous week’s figure, as it stood at €0.64 million.
BOV’s board approved the audited financial statements for the financial year ended December 31, 2020. It resolved that these audited financial statements be submitted for the approval of the shareholders at the forthcoming AGM on May 20.
The bank reported profit before tax of €15.2 million, versus the previous year’s figure of €89.2 million. However, when adjusted for several specific items, it would increase to €100.7 million – a reduction of €37.4 million or 27% when compared to the previous year.
The MSE Equity Total Return Index lost ground, as it declined by 0.5% to 7,844.819 points. Total weekly turnover was up by circa €1 million when compared t
The MSE Equity Total Return Index recouped some lost ground, as it closed 0.3% higher at 7,881.467 points. Fourteen equities were active, five of which headed north while another six closed in the opposite direction. Total weekly turnover stood at €0.4 million – generated across 98 deals.
Malta Properties Company plc recorded this week’s highest liquidity, as total turnover amounted to €90,013. The equity traded 10 times over a spread of 161,820 shares, resulting into a 3.7% increase to €0.56. On a year-to-date basis, the equity is up by 12%.
Also in the property sector, a sole deal of 1,000 MIDI plc shares pushed the price 1.4% higher to €0.426. Meanwhile, Malita Investments plc traded twice over 12,400 shares, to close 1.1% lower at €0.88.
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