Lombard dominates trading activity

The MSE Equity Price Index decreased by 0.3% to 3,636.104 points as the declines in BOV, GO, and Malita outweighed the gains in HSBC, MaltaPost, and Farsons. Meanwhile, three other equities closed unchanged as trading activity in local equities amounted to just under €1 million. Download today’s Equity Market Summary.

Lombard Bank Malta plc was today’s most actively traded equity as it closed unchanged at the €0.78 level after recovering from an intra-day low of €0.75 (-3.8%). Just under 1.1 million shares changed hands, having a market value of €0.85 million.

APS Bank plc and Malta International Airport plc also closed unchanged at the €0.59 and €5.50 levels respectively, albeit on muted activity.

Bank of Valletta plc shed 1.6% to the €1.21 level across two trades totalling 5,000 shares.

Also among large companies by market capitalisation, GO plc dropped by 2.1% to a two-week low of €2.80 across 3,100 shares.

Malita Investments plc slumped by 6.9% to a multi-year low of €0.54 on two trades totalling 4,000 shares.

On the other hand, MaltaPost plc surged by 2.4% to a seven-week high of €0.43 across two deals totalling 100,759 shares.

HSBC Bank Malta plc moved 0.9% higher to the €1.14 level over three trades amounting to 28,309 shares.

Simonds Farsons Cisk plc advanced by 0.8% to a one-week high of €6.70 across three trades totalling 1,954 shares.

The RF MGS Index declined by 0.56% to a one-week low of 850.143 points. Data published today showed that German wholesale prices declined for the sixth consecutive month, as they were 4.1% lower than a year earlier in September 2023, marking the steepest decline since May 2020. The lower prices were driven by high base prices in the previous year caused by the war in Ukraine, particularly for petroleum products, animal feed, chemical agricultural products and metals.

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.