The MSE Equity Total Return Index ended the week 0.5% higher at 8,255.308 points. Out of 15 active issues, five headed north while another four closed in the opposite direction.
A total weekly turnover of €0.5 million was generated across 97 transactions.
This week was the last trading week for January, during which the local equities index declined by 2.6%.
Various equities from different sectors declined, however both LifeStar Holding plc and Malta Properties Company plc (MPC) gained 10%.
The most liquid equity was Bank of Valletta plc, generating a total weekly turnover of €166,406. It started off the week on a positive note and traded 0.2% higher, but failed to sustain the gain by end of week, closing at the €0.94 price mark – equivalent to a 0.8% decline over the previous week.
Logistics firm Medserv has been awarded a contract to provide support for a gas production project in Egypt.
Medserv Egypt Oil & Gas Services JSC it will supply materials and warehouse management services for for BP’s drilling and gas production projects in Egypt. It follows an international tender.
The project is expected to contribute towards an improved financial performance of Medserv Egypt Oil & Gas Services JSC, the company said.
It said it is another major step to broaden Medserv’s oil and gas client portfolio within this region and together with already contracted business. It further underpins the company’s business pipeline.