MSE hits two-week high on back of broad activity across local equities
The MSE Equity Price Index rose to its highest level in over two weeks as it surged by 1.6% to 3,933.031 points on the back of the gains registered in several equities. Meanwhile, Harvest was todays only negatively performing equity whilst BMIT, MIA and Tigné Mall all closed unchanged as overall trading activity remained elevated at just under 0.3 million. In the retail banking sector, HSBC Bank Malta plc advanced by 3.8% to a near three-week high at the 0.83 level as 18,000 shares changed hands whilst Bank of Valletta plc rose by 2.2% to the 0.925 level across 5,000 shares. BOVs insurance associate, Mapfre Middlesea plc inched 0.8% higher at it closed at a six-month high of 2.40 on volumes of 4,470 shares. In the technology sector, the ordinary shares of RS2 Software plc rebounded by 6.4% to the 1.83 level across 10,000 shares whilst BMIT Technology plc closed flat at the 0.48 level as 42,400 shares changed hands. Meanwhile, Harvest Technology plc slipped by nearly 2% as it returned to the 1.50 level on activity of 2,332 shares.
MSE hits two-week high on back of broad activity across local equities
The MSE Equity Price Index rose to its highest level in over two weeks as it surged by 1.6% to 3,933.031 points on the back of the gains registered in several equities. Meanwhile, Harvest was todays only negatively performing equity whilst BMIT, MIA and Tigné Mall all closed unchanged as overall trading activity remained elevated at just under 0.3 million. In the retail banking sector, HSBC Bank Malta plc advanced by 3.8% to a near three-week high at the 0.83 level as 18,000 shares changed hands whilst Bank of Valletta plc rose by 2.2% to the 0.925 level across 5,000 shares. BOVs insurance associate, Mapfre Middlesea plc inched 0.8% higher at it closed at a six-month high of 2.40 on volumes of 4,470 shares. In the technology sector, the ordinary shares of RS2 Software plc rebounded by 6.4% to the 1.83 level across 10,000 shares whilst BMIT Technology plc closed flat at the 0.48 level as 42,400 shares changed hands. Meanwhile, Harvest Technology plc slipped by nearly 2% as it returned to the 1.50 level on activity of 2,332 shares.