M&Z share price gains over 4% on first day of trading

The MSE Equity Price Index opened the week in negative territory as it slid by 0.65% to 3,662.992 points. The declines in HSBC, RS2 and MPC offset the gains in M&Z and PG whilst another five companies traded unchanged. Overall trading activity in equities amounted to €0.11 million as most shares traded on low volumes.

Following the listing of the company’s shares last Friday, the share price of M&Z plc rallied by 4.2% to the €0.75 level from its IPO price of €0.72 albeit on a single deal of just 3,500 shares.

The other positive performing equity today was PG plc with a gain of 1.8% back to the €2.30 level across 3,350 shares.

HSBC Bank Malta plc tumbled by 6.4% to the €0.88 level on shallow volumes.

Also among the large companies by market value, the ordinary share price of RS2 Software plc trended 3% lower to the €1.63 level. A total of 31,901 shares changed hands.

Malta Properties Company plc eased by 0.9% to the €0.525 level albeit on trivial volumes. The company is due to publish its 2021 full-year results on Thursday 17 March.

A single deal of 10,000 shares left the share price of VBL plc at the €0.254 level. VBL is due to publish its 2021 full-year results on Thursday 24...