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MSE declines on lower turnover

The MSE Equity Total Return Index (MSE) closed the week in the red, with a 1.3% decline to finish the week at 7,997.717 points. Tourism sensitive sectors and banks led the way lower, as International Hotel Investments (IHI), Malta International Airport plc (MIA) and the two major banks’ shares declined. Turnover declined sharply to €0.3m from €1.5m the previous week. Seventeen equities were active, as nine declined and another five gained. The MSE is down by 5.6% since the beginning of the year. IHI shares declined by nearly 14%, as the equity finished the week at €0.57, a level last seen in the beginning of April.

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