As the feel good factor reigned for the third consecutive week, the Malta Stock Exchange (MSE) Index managed to lock a notable 1.1 per cent gain to close the week at 3,303.475 points. Highly capitalised equities emerged as the main determinants towards the broader market with Midi plc and International Hotels Investment plc posting remarkable gains, followed by information technological equities which extended their rally. Conversely, from the financial industry, both HSBC Bank Malta plc and Lombard Bank Malta plc erased last week’s advancement.
The week witnessed the trading of 15 equities, in which losers and non-movers tallied to three, while gainers amounted to nine. Total trading value for the week increased to just over €1.6 million, while total trading volume was on a high note of 2.3 million shares of which 63 per cent were traded in Midi plc shares.
Meanwhile, in the Government Stock Market turnover turned lower towards €8.6 million which was traded over 22 stocks. As opposed to the previous weeks, yields were lower as investors re-shifted their assets into safer-heavens following the political instability in Italy which has also affected negatively the euro currency.
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