MSE Equity Price Index surges by 1%
The MSE Equity Price Index extended its recent positive run as it climbed 1.04% to an over six-month high 4,478.618 points on Thursday. Several equities posted strong gains whilst only PG and MIA trended lower and RS2 closed the day unchanged. Trading volumes remained particularly strong as "0.47 million worth of shares changed hands across the 12 active equities.
Bank of Valletta plc continued to recover as it added a further 2.2% to the "1.38 level across 52,840 shares.
Also in the banking sector, HSBC Bank Malta plc regained the "1.81 level (+0.6%) across 27,102 shares whilst FIMBank plc moved to a fresh 2018 high of USD0.72 on a single deal of 32,500 shares.
GO plc rose to a fresh twelve-year high of "4.04 (+1%) on six deals totalling 11,420 shares. Yesterday, GO announced that it will be convening an extraordinary general meeting ("EGM") on Monday 3 December 2018 in relation to the proposed sale of up to 49% of its shareholding in BMIT Technologies plc ("BMIT") through an Initial Public Offering. In this respect, shareholders of GO as at close of trading on 31 October 2018 will be receiving notice of the EGM as well as a circular containing further details on the proposed...