MSE Equity Price Index eases from 4-month high

Following Wednesday's strong upsurge of nearly 3%, Thursday's trading session the MSE Equity Price Index dropped by 0.33% to 3,795.089 points as the decline in the share price of BOV offset the gains in GO, MPC and the preference shares of RS2. Meanwhile, the ordinary shares of RS2 Software plc stayed at the €1.65 level on volumes totalling 10,646 shares. Overall trading activity in equities contracted to €0.09 million compared to €0.55 million yesterday.

Bank of Valletta plc retracted by 4.5% to the €0.945 level across 45,707 shares. On Tuesday, the bank announced that it has reached an agreement with the curators of the bankruptcy of the Deiulemar Group whereby, without admission of any liability on either part, BOV will pay the sum of €182.5 million to the curators in full and final settlement of the disputes and of all claims that had been made by the curators against the Bank. BOV noted that following this development, it will be in a more secure capital position overall and will be better placed to carry out its business with confidence and sustainability.

Also among the large companies by market value, GO plc rebounded by 3.8% to recapture the €3.28 level albeit on...