Momentous trading activity in Tigné Mall shares

The MSE Equity Price Index gained 0.22% to 3,684.787 points as the gains in BOV offset the declines in MIA, Lombard, Harvest and the ordinary shares of RS2, while four other equities closed unchanged. Download today’s Equity Market Summary.

Today’s trading activity in local equities was dominated by Tigné Mall plc as over 7.2 million shares changed hands having a market value of €5.93 million, representing around 12.8% of Tigné Mall’s market capitalisation. The share price held the €0.82 level.

Elsewhere, APS Bank plc closed unchanged at the €0.60 level after recovering from an intraday low of €0.595 (-0.8%) across four deals totalling 7,592 shares.

Simonds Farsons Cisk plc (150 shares) and Trident Estates plc (370 shares) also closed unchanged at the €6.70 and €1.20 levels respectively.

Bank of Valletta plc was today’s only positive performing equity as it advanced by 2.4% to a two-week high of €1.26 across heightened activity totalling 180,000 shares.

Also in the banking sector, Lombard Bank Malta plc shed 1.3% to the €0.79 level across six deals totalling 85,889 shares.

Harvest Technologies plc eased by 0.7% to a 10-month low of €1.35 on two trades totalling 7,300 shares.

Malta International Airport plc moved 0.9% lower to the €5.65 level, albeit on lacklustre volumes.

The ordinary shares of RS2 plc declined by 0.8% to the €1.22 level on trivial volumes.

The RF MGS Index gained 0.12% to 847.246 points, marking the first increase for the week. Today, ECB Chief Vice President Luis de Guindos commented that despite inflation levels decreasing from highs of over 10%, achieving the target of 2% will not be straightforward. He added that the recent increases in oil prices will pose a challenge to subdue inflation further. Elsewhere in the US, jobless claims at the end of September remained close to an all-time low, reflecting the continued strength of the American labour 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.