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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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PG, IHI and BOV lift index


The MSE Equity Total Return Index closed another week in the green, as it reached 8,303.294 points – equivalent to a 0.6% weekly change and a 7% month-on-month increase. During the week, a total of 16 equities were active, four of which headed north while eight closed in the opposite direction. Total weekly turnover was lower than the previous week, as it amounted to €0.86m – generated across 118 transactions.
Retail conglomerate, PG plc, reached another all-time-high price of €2.50, registering the best performance of 20.2%. The equity was trading flat at the beginning of the week until it spiked to €2.50 last Wednesday, as one deal of 50 shares was executed in the final minutes of trading. During the week, a total of 88,750 shares changed hands over seven deals, worth €0.18 million. From a year-to-date perspective, the equity is up by 25%. ....

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