Four equities pull MSE Equity Price Index lower

The MSE Equity Price Index moved 0.49% lower to 3,743.718 points as the declines in BMIT, Harvest, as well as the ordinary and preference shares of RS2 outweighed the gain in APS. Meanwhile, six other equities closed unchanged as today’s trading activity in local equities amounted to €0.12 million. Download today’s Equity Market Summary.

APS Bank plc was today’s most actively traded equity as it advanced by 0.9% to the €0.55 level over eleven deals amounting to 76,220 shares.

The ordinary shares of RS2 plc plummeted by 8.5% to a two-month low of €1.08, albeit on a single deal of 6,326 shares.

The preference shares of RS2 plc shed 0.8% to the €1.29 level across four trades totalling 19,700 shares. The volume-weighted average price for the day was €1.054 (-18.9%).

Harvest Technologies plc eased by 0.7% to the €0.72 level as 13,000 shares changed hands.

BMIT Technologies plc fell 2.1% to the €0.38 level over three trades totalling 68,000 shares.

Bank of Valletta plc closed unchanged at the €1.32 level after recovering from an intraday low of €1.31 (-0.8%) over three deals amounting to 4,057 shares.

Also in the banking sector, Lombard Bank Malta plc held the €0.85 level on one trade of 3,500 shares.

Malta International Airport plc traded flat at the €5.65 level as 280 shares changed hands.

Trident Estates plc closed unchanged at the €1.21 level after failing to hold onto an intra-day high of €1.27 (+5.0%) over two trades amounting to 5,449 shares.

MaltaPost plc and Malta Properties Company plc both closed unchanged at the €0.47 and €0.36 levels respectively on muted activity.

The RF MGS Index declined for the fourth consecutive session as it fell by 0.05% to a fresh one-week low of 891.082 points. Today, Spanish policymaker Pablo Hernandez de Coz remarked that the timing of the anticipated decrease in deposit rates is still uncertain. In this respect, fellow ECB Board member Boris Vujcic stated that the ECB needs to maintain its credibility and will only commit to cutting rates once there is certainty that inflation is completely under control.

This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap—370 of the Laws of Malta and a member of the Malta Stock Exchange.