The MSE Equity Price Index rallied by 1.32% to 4,029.051 points as the strong gains in FIMBank and IHI, coupled with the positive performances of BOV and Harvest, offset the declines in MIA, HSBC and Farsons. Trading activity improved markedly to €0.27 million largely on the back of increased volumes in BOV shares.
Bank of Valletta plc added 1.1% to regain the €0.90 level on volumes totalling 189,324 shares having a market value of €0.17 million. Today, BOV announced that the full transition from Raiffeisen Bank to Western Union in relation to payments in USD is planned to start in the coming days. Moreover, the bank published a Quarterly Update wherein it explained that revenues decreased by 4% in Q1 2021 but operating costs increased by 4% mainly due to increases in employee compensation, investment in technology, and higher amortisation charges.