The MSE Equity Total Return Index headed north for the third time in a row, as it reached 8,240.708 points – translating into a 0.5% change.
A total of 1
The MSE Equity Total Return Index did not manage to sustain the previous week’s gain, as it lost 1.3%, reaching 8,202.788 points. A total of 16 issues wer
The MSE Equity Total Return Index returned to positive territory, as it closed 1.7% higher at 8,309.976 points. A total of 13 issues were active, seven of which headed north while another five closed in the opposite direction.
RS2 Software plc (RS2) shares headed the list of gains with a double-digit gain, while hotels operator International Hotel Investments plc (IHI) also played its part in this week’s gain. Total weekly turnover amounted to €0.4m, generated across 145 transactions.
RS2 shares gained 13.3% to end the week at €2.04, following a company announcement on Tuesday. During the week, the equity also reached a six-month high of €2.12 and a low of €1.82. A total of 29,053 shares changed hands across 13 transactions worth €55,625.
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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