Daily Market Highlights
The MSE Equity Price Index rose by 0.45% to 3,745.057 points as the gains in BOV and the ordinary shares of RS2 outweighed the decline in M&Z. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.22 million. Download today’s Equity Market Summary.
The ordinary shares of RS2 plc rebounded by 5.0% to the €0.84 level on two deals totalling 1,322 shares.
Bank of Valletta plc moved 1.4% higher to the €1.43 level across fifteen trades amounting to 66,901 shares.
A single trade of 7,381 shares pulled the share price of M&Z plc 1.7% down to its lowest ever closing price of €0.57. Last week, M&Z shareholders approved a share buyback programme of up to 500,000 shares at a price of €0.60 per share.
Today’s most actively traded equity – GO plc – traded flat at the €2.90 level across three trades totalling 40,000 shares.
APS Bank plc held the €0.515 level on a single trade of 6,351 shares.
Malta International Airport plc closed unchanged at the €5.70 level as 525 shares changed hands.
Today, the Malta Stock Exchange announced that 8,006,582 new BMIT Technologies plc ordinary shares were admitted to the Official List of the Malta Stock Exchange following the recent scrip dividend issue at an attribution price of €0.351 per share, representing a take-up of around 56%. Following this scrip dividend, the total number of shares in issue increased to 211,601,892 shares.
The RF MGS Index reversed yesterday’s gains as it declined by 0.17% to 890.938 points. Data released today showed that producer prices in Germany during May dropped more than expected, albeit falling by the least amount in the last eleven months. Meanwhile, the Bank of England left its interest rates unchanged, despite inflation reaching the target rate of 2.0% last May, due to expectations of more inflation pressures going forward.
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.