MSE Equity Price Index posts four-day losing streak

The MSE Equity Price Index moved lower for the fourth consecutive session as it shed a further 0.51% to a fresh two-week low of 3,813.295 points. The declines in BOV and MIA outweighed the gains in APS and Malta Properties, while GO ended the session unchanged. Download today’s Equity Market Summary.

Bank of Valletta plc dropped by 2.3% to a two-week low of €1.30 level across six deals totalling 6,543 shares.

Also among large equities by market cap, Malta International Airport plc fell by 1.7% to the €5.65 level on a single trade of 800 shares.

APS Bank plc was today’s most actively traded equity as it advanced by 0.9% to the €0.55 level across seven deals totalling 86,334 shares.

Malta Properties Company plc rose by 1.7% to the €0.35 level on three trades amounting to 4,000 shares.

GO plc closed unchanged at the €3.12 level as 4,300 shares changed hands. Yesterday, GO announced that its Board of Directors is scheduled to meet on Thursday 11 January 2024 to consider the declaration of an interim dividend.

The RF MGS Index snapped a three-day losing streak as it gained 0.10% to 894.296 points. Yesterday, ECB policymaker Mario Centeno commented that following the lower-than-anticipated inflation readings in December, he expects that the ECB to cut rates in the near term. Other ECB policymakers voiced similar expectations in context that the eurozone is expected to endure weak economic growth and risks are tilted to the downside. Meanwhile in the US, last week’s mortgage applications rose by the largest amount in over a year, indicating strong demand for the residential property market.

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.