MSE Equity Price Index slips on low volumes
The MSE Equity Price Index retracted by 1.5% to 3,835.840 points on Tuesday as five companies ended the day in negative territory whilst only BMIT trended positively. Meanwhile, GO, HSBC and Harvest traded unchanged as overall trading activity contracted further to just €0.05 million. Lombard Bank Malta plc was the most actively traded equity as it dropped by 3.1% to the €1.85 level across 13,411 shares. The Bank is due to publish its full-year results on Thursday 22 April. Within the same sector, Bank of Valletta plc lost 2.2% to the €0.89 level albeit on just 1,089 shares. BOV’s insurance associate – Mapfre Middlesea plc – plunged 10.2% to the €2.12 level on trivial volumes. Low trading activity also took place in the equities of Simonds Farsons Cisk plc and Malta Properties Company plc, both of which posted notable declines to €8.05 (-8%) and €0.53 (-3.6%) respectively. BMIT Technologies plc added 1% to recapture the €0.53 level across 4,000 shares. Shareholders as at close of trading on Thursday 22 April will be entitled to receive a final net dividend of €0.02922 per share. BMIT’s parent company – GO plc – retained the €3.64 level on a total of 1,500 shares. HSBC Bank Malta...