MSE Equity Price Index drops to near 2-week low

The MSE Equity Price Index opened the week in negative territory as it extended last Friday’s decline by a further 0.27% to 4,740.649 points.

Four companies ended the day in negative territory, including MIDI which plunged by over 6% and RS2 which lost more than 3%. On the other hand, three equities trended higher whilst five other shares remained flat. Trading volumes improved notably to €0.53 million compared to €0.36 million last Friday.

MIDI plc shed 6.3% back to its 2019 low of €0.59 albeit on just 13,500 shares. The company will hold its AGM on 11 June.

Within the same segment, Malta Properties Company plc retracted back to the €0.60 (-1.6%) level on high volumes totalling 176,424 shares. MPC will also hold its AGM on 11 June.

BMIT Technologies plc erased last week’s gains as it slipped by nearly 2% to the €0.53 level across 26,800 shares. The company will be holding its AGM on 27 May.

The other negative performing equity today was RS2 Software plc which fell by 3.1% to the €1.55 level on activity totalling 15,186 shares. Shareholders as at close of trading on Wednesday 15 May will be entitled to receive one bonus share for every eight shares held.

Also among the large...