Four equities pull the MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.30% to 3,740.369 points reflecting the declines in APS, BOV, BMIT, and the ordinary shares of RS2. Meanwhile, three other equities closed unchanged as trading activity in local equities was muted at €0.07 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed 0.7% to the €1.44 level across four trades amounting to 20,322 shares.

Also in the banking sector, APS Bank plc fell by 2.0% to a one-week low of €0.50 on two deals totalling 5,779 shares.

Also among large companies by market value, the ordinary shares of RS2 plc moved 1.2% lower to the €0.84 level after recovering from an intraday low of €0.80 (-5.9%) across two trades totalling 3,900 shares.

BMIT Technologies plc decreased by 1.7% to the €0.344 level on a single deal of 4,508 shares.

Malta International Airport plc closed unchanged at the €5.70 level across five deals amounting to 5,592 shares.

MaltaPost plc held the €0.42 level on one trade of 4,760 shares.

PG plc remained at the €1.98 level on trivial volumes. Shareholders of PG as at the close of trading tomorrow Wednesday 3 July 2024 will be entitled to receive a net interim dividend of €0.0416667 per share, payable on Friday 12 July 2024.

The RF MGS Index fell for the fifth consecutive session as it eased 0.14% to a three-week low of 884.541 points. Data released today showed that inflation in the eurozone slowed to 2.5% in June as expected driven by a slower rise in food and energy prices whilst services costs remained constant. Nonetheless, core inflation remained higher at 2.9%, which was above expectations of 2.8%. Meanwhile, in the US, the number of job openings during May rose to 8.14 million, exceeding the market consensus.

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.