Low trading activity across equities

The MSE Equity Price Index remained virtually unchanged as it inched just 0.03% higher to 4,815.798 points. The gains in MIA and Trident were largely outstripped by the declines in HSBC and Malita whilst five other equities closed unchanged. Meanwhile, trading volumes amounted to only €0.14 million.

Malta International Airport plc climbed 2% to recapture the €7.40 level across 2,000 shares. The airport operator should be shortly announcing its October traffic results.

The other positive performing equity today was Trident Estates plc which rose by 0.7% to the €1.52 level across 8,000 shares. The company should be publishing the results of the rights issue by Wednesday 6 November.

In contrast, both HSBC Bank Malta plc and Malita Investments plc posted declines today. HSBC dropped by 2.3% to the €1.30 level across a single trade of 10,321 shares whilst weaker trading volumes amounting to 1,600 shares forced the equity of Malita 0.5% lower to the €0.905 level.

Today’s most actively traded equity was MIDI plc with the equity maintaining the €0.71 level across 101,453 shares.

In the retail banking sector, Bank of Valletta plc recovered from an intraday low of €1.09 (-1.8%) to end the...