The MSE Equity Price Index rebounds on lower volumes

The MSE Equity Price Index erased some of Monday’s decline as it climbed by 0.34% to 4,836.080 points. Various equities trended higher, including IHI, MIA and Medserv. On the other hand, Farsons ended lower while a further six shares closed the day unchanged. Trading activity contracted to €0.32 million compared to almost €0.42 million on Monday.

Malta International Airport plc added 1.3% to the €7.60 level across 6,476 shares.

Medserv plc regained the €1.13 level (+1.8%) across 6,900 shares and International Hotel Investments plc surged 3.7% to a new 4-year closing high of €0.84 albeit on trivial activity. The hotel chain operator is due to hold its AGM on June 13. Shareholders as at close of trading on June 26 will be entitled to receive a net dividend of €0.02 per share.

In the property segment, Trident Estates plc moved to a new 2019 high of €1.69 (+0.6%) across 1,944 shares. The company is due to hold its AGM on June 25.

Malta Properties Company plc advanced by 0.8% to the €0.625 level on activity totaling 21,650 shares. MPC’s AGM is scheduled to be held on June 11.

In contrast, MIDI plc traded unchanged at the €0.60 level across 54,900 shares. MIDI is due to hold its AGM...