MSE Equity Price Index drops to one-week low

The MSE Equity Price Index fell by 0.86% to 3,762.067 points as the declines in BOV, HSBC, Farsons, and Trident outweighed the gain in BMIT. Meanwhile, two other equities closed unchanged. Download today’s Equity Market Summary.

Bank of Valletta plc fell by 2.3% to the €1.30 level across four deals totalling 6,140 shares.

Also in the banking sector, HSBC Bank Malta plc shed 2.3% to the €1.26 level as 17,285 shares changed hands.

Simonds Farsons Cisk plc declined by 2.8% to the €6.90 level over three trades amounting to 2,328 shares.

Trident Estates plc slumped by 5.5% to an almost two-month low of €1.20 on two trades of 7,504 shares.

Malta International Airport plc traded flat at the €5.60 level across six deals totalling 5,516 shares.

A single trade of 5,000 shares left the share price of PG plc unchanged at the €2.12 level.

BMIT Technologies plc gained 0.5% to the €0.40 level across three deals totalling 12,000 shares.

The RF MGS Index rose by 0.21% to 891.664 points as eurozone sovereign bond yields retreated marginally. Data released today showed that during December 2023, German exports to non-EU countries hit their lowest level since March 2020. Germany’s exports to its two largest markets, namely the US and China, fell by 9.9% and 12.7% respectively. Meanwhile, in China, the one-year loan prime rate was left unchanged at a record low of 3.45% for the fifth consecutive month as expected after the People’s Bank of China held its medium-term lending facility rate unchanged last week.

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.