MSE Equity Price Index sheds over 2%
The MSE Equity Price Index moved to its lowest level in nearly four months as it declined by 2.2% to 4,355.106 points.
A total of eight equities, including Farsons, MIA, GO and BOV, performed negatively while a further five equities closed the day unchanged. Furthermore, most equities traded on shallow activity while almost half of Wednesday's volumes took place in just two equities – namely MPC and BOV.
Bank of Valletta plc continued to trade within a tight range as it eased 0.7% to the €1.29 level across 45,350 shares.
Among the large caps, Simonds Farsons Cisk plc, Malta International Airport plc and GO plc also trended lower although on much lower volumes. Farsons shares slumped 9.7% to the €7.90 level on volumes of 2,051 shares and GO retreated by 2% to the €3.98 level on 2,240 shares.
MIA dropped 2.5% back to the €5.75 level on just over 5,000 shares. On Wednesday, MIA announced that its Board of Directors is scheduled to meet on Wednesday February 20, 2019 to consider and approve the company’s financial statements for the year ended December 31, 2018. The Board of Directors will also consider the declaration of a final dividend.
MaltaPost plc tumbled 24.1% to its lowest...