MSE Index continues positively

The MSE Total Return Indexcontinued to trade in positive territory as it was up 0.936% to close at 9,457.253 points. Eight equities were active, of which four headed north and three closed lower. A total turnover of €349,287 was generated across 60 transactions.

The main driver of the performance was once again Bank of Valletta plc as it soared 5.26% to close at €1.40. The equity was also the most liquid as 194,502 shares were exchanged over 38 deals.

Its peer, HSBC Bank Malta plc also pushed the index higher with a 1.23% increase in value to €1.65. Trading volume amounted to 10,832 shares over four deals.

On other hand, BMIT Technologies plc drifted 0.96% lower to €0.515, as five deals of 23,000 shares were concluded.

Similarly, a couple of transactions of 4,032 GO plc shares shaved 0.4% off the share price, down to €4.94.

In the property sector, Malta Properties Company plc advanced a substantial 3.45% to €0.60. A total of 10,840 shares changed hands over four deals.

The share price of International Hotel Investments plc declined 0.64% to a price of €0.775. The equity traded three times as 25,641 shares changed ownership.

In thecorporate debt market, 15 issues were active,of whichtwoadvanced while another fivedeclined. The largest gain of 0.72% was registered by 4.9% Gasan Finance Company plc € 2019-2021asit closed at €103.74.At the other end of the spectrum, the 6% International Hotel Investments plc € 2024 dropped 7.11% to close at par.

Yields in the sovereign debt market were up as seven of the ten active issues traded lower, while only two posted gains. The largest price movement was recorded by the 2.4% MGS 2041 (I) as itfellby 0.27% to €109.96.

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