The MSE Equity Price Index opened the week in positive territory as it advanced by 0.35% to 3,971.633 points. The gains in the share prices of GO, IHI and MIA outweighed the decline in HSBC whilst MPC closed the day unchanged. Overall trading activity remained muted as only €0.02 million worth of shares changed hands.
Malta International Airport plc gained 0.8% as it returned to its 14-month high at the €6.45 level across 802 shares.
Monday’s most actively traded company, GO plc, climbed by 3.4% to the €3.68 level as 1,770 shares changed hands. Last week, GO announced that it submitted an application with the Listing Authority requesting the approval of a prospectus in relation to a proposed €60 million unsecured bond issue carrying a coupon of 3.5%. GO also added that a portion of the new bonds will be available for subscription by shareholders as at close of trading on Wednesday 19 May 2021, as well as employees on a preferential basis.
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The MSE Index shed 1.7%, as losses in five equities outweighed gains elsewhere to close the week at 8,172.64 points. Total turnover reached €0.5m, as 119 d
The MSE Equity Total Return Index advanced by another 0.1% to 8,310.761 points. A total of 17 equities were active, seven of which traded lower, while another six closed higher. Total weekly turnover was lower when compared to the previous week, as it stood at €0.5m – generated across 108 transactions.
Last Thursday, Bank of Valletta plc published its interim directors’ statement for the first quarter of 2021. Profit before tax for the first quarter of FY 2021 amounted to €9.3m. This was in line with underlying performance trends experienced over the course of last year, conditioned by subdued activity and provisioning occasioned by the COVID-19 environment.
Armed groups gathered outside a Maltese-owned hotel in Tripoli on Friday night, as political tensions in the Libyan capital escalated.
Video posted to social media showed armed and uniformed men standing at the entrance to the five-star Corinthia Hotel. More than 20 armed vehicles are believed to have gathered outside the hotel.
Sources told
Times of Malta that the armed group demanded a meeting with council president Mahamed Younes al-Menfi and two other deputies. The Libyan News Observatory reported that the groups also searched cars belonging to al-Menfi and Foreign Minister Najla al-Mangoush.
A spokesperson for the presidency council confirmed that the building had been raided but claimed that nobody from the council was in the building at the time of the incident.