PG surges to 15-month high
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PG surges to 15-month high

The MSE Equity Price Index eased by 0.03% to 4,709.984 points as the 1.6% drop in the share price of GO minimally outweighed the gains in BMIT, PG and Tigné Mall. Trading volumes contracted to €0.54 million on Tuesday while activity in BMIT represented 44% of the total value of equities traded.

GO plc shed 1.6% to the €4.80 level albeit on light volumes totalling 3,650 shares. The equity is still trading with the entitlement to total net dividends of €0.55 per share.

In contrast, PG plc climbed 2.1% to a 15-month high of €1.43 across 110,000 shares.

BMIT Technologies plc regained the €0.53 level (+1%) on heightened activity totalling 451,099 shares.

The other positive performing equity on Tuesday was Tigné Mall plc with a gain of 4.3% to the €0.96 level across 37,000 shares. The company is due to publish its results for the 2018 financial year on Thursday April 4.

Meanwhile, Malta International Airport plc retained its all-time high of €6.65 on four deals totalling 8,610 shares. The cut-off date for MIA’s dividend is April 11.

Bank of Valletta plc maintained the €1.40 level across 6,677 shares.

Similarly, a single deal of 10,000 shares left the equity of Mapfre Middlesea plc at its over two-year high of €2.36.

The RF MGS Index trended lower for the third consecutive day as it slipped by a further 0.07% to an over one-week low of 1,113.081 points. Movements in Malta Government Stock prices were mostly driven by changes in the yields of Spanish government bonds as these trended higher while both German and Italian bond yields moved slightly lower. On the economic front, fresh data related to producer prices in the euro area disappointed.

www.rizzofarrugia.com

Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.

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