MSE equity price index rebounds strongly

The MSE equity price index advanced by 1.28% to 3,614.889 points reflecting the gains in eight shares while another two companies closed the day unchanged. Overall trading activity in equities improved to €0.41 million compared to just €0.03 million on Tuesday.

Bank of Valletta plc surged by 4.9% to recapture the 86c level on a total of 16,129 shares. Within the same segment, HSBC Bank Malta plc moved 4.2% higher to the 75c level across 80,804 shares.

Also among the large companies by market value, GO plc rose by 1.3% to the €3.04 level on four deals totalling 25,000 shares.

Simonds Farsons Cisk plc was the most actively traded equity on Wednesday as it moved 2% higher to the €7.75 level on two deals totalling 11,512 shares having a market value of €0.09 million.

Four deals totalling 69,341 shares lifted the share price of MaltaPost plc 3.8% higher to the €1.10 level.

PG plc added 1.9% to the €2.20 level across 14,854 shares. 

Malta Properties Company plc climbed 6.9% to the 54c level on a total of 10,000 shares. Also in the property sector, Malita Investments plc gained 0.6% to the 78c level after opening at a low of 76c (-1.9%). A total of 65,000 shares changed hands. Hili...