MSE Equity Price Index drops to near 5-month low

The MSE Equity Price Index dropped by 1.5% to a near five-month low of 3,713.477 points on Thursday as several equities declined. On the other hand, HSBC trended higher whilst a further four companies ended unchanged. Trading activity improved further to €0.28 million largely on the back of increased volumes in RS2.

RS2 Software plc eased by 0.9% to the €2.32 level across 49,567 shares having a market value of €0.11 million.

Also among the large companies, International Hotel Investments plc lost 7.7% to the €0.48 level (just above its all-time low of €0.476) on a total of 18,612 shares.

Simonds Farsons Cisk plc shed 1.3% back to the €7.50 level across 3,787 shares.

Mapfre Middlesea plc retracted back to the €2.00 level (-5.7%) albeit on 2,200 shares.

The worst performing equity today was Trident Estates plc as it tumbled 11.4% to the €1.48 level across 24,688 shares.

Similarly, Tigné Mall plc plummeted 10% to an over five-year low of €0.72 across 7,440 shares.

A single deal of 9,950 shares forced the equity of MIDI plc to move 6.9% lower back to the €0.35 level.

Within the same sector, Plaza Centres plc dropped by 1.1% to the €0.93 level across 39,960 shares.

In contrast, Malta...