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News from Malta

RS2 & IHI pull the MSE Equity Price Index lower




Following the gains in the previous four trading sessions, the MSE Equity Price Index retreated by 0.48% to 4,352.393 points on Monday as the drops in four equities, including those of RS2 and IHI, outweighed the 1.2% gain in HSBC Bank Malta plc which recaptured the €1.73 level (+1.2%) across 56,058 shares. Meanwhile, BOV and MIA closed the day unchanged.
RS2 Software plc shed 5.6% to the €1.35 level albeit on trivial volumes. The company still has to announce the date of the publication of the 2017 financial results due by the end of April.
Similarly, International Hotel Investments plc retreated by 3.2% back to the €0.60 level on volumes totalling just 6,775 shares. On Monday morning, IHI announced its wholly-owned subsidiary ' QP Management Ltd ' has now been entrusted with the technical management of converting the former Grand Hotel du Boulevard into the new Corinthia Hotel Bucharest. The project is expected to be completed by December 2019.
A single deal of 50,000 shares forced the equity of Malita Investments plc to move 1.2% lower to the €0.83 level.
PG plc eased to its lowest level in several months of €1.30 across 12,750 shares.
Bank of Valletta plc and Malta...

Full story

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