Muted activity across local equities

The MSE Equity Price Index fell by 0.19% to 3,768.718 points as the declines in BOV, and Farsons outweighed the gains in Lombard and BMIT. Meanwhile, three other equities closed unchanged as the total trading activity in local equities was minimal at just €0.05 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed 0.8% to the €1.31 level after partially recovering from an intraday low of €1.30 (-1.6%) across four deals totalling 17,404 shares.

Also among the large companies by market value, Simonds Farsons Cisk plc declined by 1.4% to a one-month low of €6.80 on a single deal of 401 shares.

In contrast, a single trade of 5,710 shares pushed the share price of Lombard Bank plc 0.6% higher to the €0.855 level.

hnologies plc rose by 0.5% to the €0.388 level across four deals amounting to 16,768 shares.

Tigné Mall plc held the €0.82 level as 10,000 shares changed hands.

A single trade of 2,485 shares left the share price of Trident Estates plc at the €1.21 level.

APS Bank plc traded flat at the €0.55 level on two trades totalling 6,500 shares.

The RF MGS Index remained virtually unchanged at 890.590 points. Data released today showed that private sector activity in Europe during January is expected to shrink for the eighth consecutive month. Forecasts indicate that contraction in the services sector is expected to outweigh the improvement anticipated in manufacturing. Meanwhile, in the US, private sector activity during January is projected to rise to the highest level in seven months driven by growth in both the services and manufacturing sectors.

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.