Malta Property Company is local stock exchange’s standout performer in January, rising 10%

Malta Stock Exchange (MSE) has released its official roundup for January, showing shares in Malta Property Company amongst the most popular. Over one million shares of the company changed hands, and share value rose by 10 per cent over the month, to its seven-month high of €0.55. 

Altogether, 4,302,760 shares changed hands on the MSE during the month, representing €3,720,685 worth of trades. 

Transactions in corporate bonds, by both volume of trade and value exceeded this, with 7,543,800 changing hands, for a value of 7,600,382. 

Medserv was the standout performer, opening the month at €0.57 and closing it at €0.74. It comes as the Company was awarded a contract to provide support for a BP gas production production in Egypt.

This increase of more than 30 per cent needs to be considered through the frame of its trivial trading volumes however. Only four deals with the share took place in January, at a combined worth of €2413.77.

Similarly, the volume of trading for MIDI shares, which decreased in value 10.185 per cent, was trvial, with four deals concluded, at a value of €12,925.

By share volume and value, BMIT was the most popular share in January. 1,497,422 shares in the company changed hands, at a value of €719,901.51. The shares dropped 3.226 per cent in value over the month. 

After a favourable earnings report, RS2 Software climbed two per cent, to reach a value of €2.04 at the month’s close. 

As reported by WhosWho.mt, the company presented an optimistic outlook for 2021 in their annual report, saying it expects to reap the benefits on the investments it has made in previous years.