Stocks reverse losses

Upbeat eurozone business activity saw European shares reverse session losses on Monday, leaving them just about half a percent away from all-time peaks, while a nearly 12% surge in Morrisons sent London mid-caps to record highs. Extending gains to a third straight session, the pan-European STOXX 600 rose 0.3%.In London, the blue-chips index hit over two-week highs, with eyes on British Prime Minister Boris Johnson was due on Monday to set out plans to end social and economic COVID-19 restrictions in England. Banks, material stocks and travel shares led gains on the day.

Trading volumes were subdued with U.S. markets closed for an extended 4th of July weekend.

Maltese markets ended lower with the MSE Equity Total Return Index closing down 0.38 percent at 8,010.113 points. Only 3 stocks recorded a change in price. RS2 Software Plc led the losses with shares dropping 10 percent to €1.71 with Malita Investments plc following behind with a 1.16 percent drop to €0.85. Mapfre Middlesea plc meanwhile jumped 11.21 percent to €2.38. The MSE Malta Government Stocks Total Return Index nudged 0.05% lower to 1,102.905 points while the MSE Corporate Bonds Total Return Index gained 0.12% to 1,120.927 points.

Source: Reuters, Malta Stock Exchange

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