Heightened activity in Tigné Mall shares

The MSE Equity Price Index fell by 1.11% to 3,846.375 points as the declines in six equities outweighed the gains in MIA and APS. Meanwhile, MPC and Farsons closed unchanged. Download today’s Equity Market Summary.

Most of today’s trading activity took place across the shares of Tigné Mall plc as it retracted by 8.4% to a three-week low of €0.82 across five deals totalling 620,000 shares, having a market value of €0.51 million.

Bank of Valletta plc shed 0.7% to the €1.33 level across five deals totalling 31,630 shares.

Also in the banking sector, HSBC Bank Malta plc moved 1.5% lower to the €1.28 level as 1,525 shares changed hands.

A single trade of 500 shares pulled the share price of International Hotel Investments plc 6.1% lower to the €0.54 level.

MIDI plc fell by 14.2% to the €0.266 level on a single deal of 30,000 shares.

VBL plc plummeted by 21.7% to the €0.18 level on one trade of 10,000 shares.

In contrast, Malta International Airport plc moved 1.8% higher to the €5.75 level across three trades amounting to 3,400 shares.

APS Bank plc gained 0.9% to the €0.545 level on one trade of 7,795 shares.

Meanwhile, Malta Properties Company and Simonds Farsons Cisk plc closed unchanged at the €0.392 and €6.95 levels respectively on muted activity.

The RF MGS Index declined by a further 0.31% to a fresh three-week low of 893.565 points. Eurozone sovereign bond yields remained volatile with the German 10-year bund yield climbing to a near one-month high of 2.20% during the day but retreating below the 2.15% level later in the day. The European Commission’s eurozone economic sentiment survey showed an improvement in December to the highest level since May 2023. Elsewhere, today Saudi Arabia declared a reduction in oil price for February while a number of other oil producing countries announced production increases, leading to a downward pressure in global oil prices.

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.