MSE Equity Price Index closes at a fresh one-year high

The MSE Equity Price Index gained 0.34% to end the week at a fresh one-year high of 3,791.395 points driven by gains in APS, MIA and Tigné Mall. Meanwhile, two equities closed unchanged as the total trading activity amounted to €0.25 million. Download today’s Equity Market Summary.

Tigné Mall plc surged by 18.7% to close off the week at the €0.795 level. Albeit only on a single trade, Tigné Mall’s equity was today’s most actively traded with 245,200 shares changing hands, accounting for over 75% of the value of trades which were executed today.

Malta International Airport plc gained 0.9% to close at the €5.60 level across two trades totalling 1,175 shares. MIA is set to release its interim results for the first six months of 2023 on Tuesday 1 August.

Likewise, APS Bank plc moved 1.7% higher to the €0.61 level, after recovering from an intra-day low of €0.59 (-1.7%) over twelve trades totalling 53,102 shares. APS is set to release its half-yearly results this Thursday 27 July.

Meanwhile, PG plc traded flat at its four-month high of €2.04 on a single deal of 2,215 shares.

Similarly, Lombard Bank Malta plc held the €0.90 level over two trades totalling 10,000 shares.

The RF MGS Index further declined by 0.22% to 870.938 points largely reflecting the recent rebound in secondary market yields as better-than-expected unemployment data in the US fuelled fears regarding inflation.

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.