BOV & APS lift the MSE Equity Price Index higher

The MSE Equity Price Index rebounded by 0.18% 3,559.546 points as the gains in BOV and APS outweighed the drop in the ordinary shares of RS2. Meanwhile, MedservRegis closed unchanged as trading in equities improved to €0.10 million compared to just €0.04 million yesterday. Download today’s Equity Market Summary.

Bank of Valletta plc advanced by 1.2% to regain the €0.87 level after opening at an over two-month low of €0.85 (-1.2%).  A total of 88,920 shares changed hands, representing 78% of the total value of equities traded today.

Also in the retail banking sector, APS Bank plc climbed 1.7% to the €0.605 level albeit on just 2,396 shares.

In contrast, the ordinary shares of RS2 Software plc eased by 0.8% to the €1.24 level across 4,000 shares.

MedservRegis plc held on to the €0.65 level on a single deal of 23,333 shares.

The RF MGS Index moved 0.12% higher to 901.566 points as sovereign bond yields across international financial markets drifted lower after the Chairman of the US Federal Reserve yesterday hinted at decelerating the pace of interest rate hikes. On the other hand, Jerome Powell noted that the central bank still has a long way to go to ensure that inflation is brought back to the 2% target.

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.