RS2 launches partnership with ACI Worldwide

The MSE Equity Price Index eased by 0.14% to 3,717.395 points as the declines in seven equities outweighed the gains in another four equities. Meanwhile, BOV and Farsons closed unchanged. Despite the varied activity across 13 equities, the overall trading value was less than €0.06 million. Download today’s Equity Market Summary.

The preference shares of RS2 plc closed the session 13.8% higher at the €0.91 level, albeit most of the activity took place at the previous closing price of €0.80. A total of 5,200 shares exchanged hands. Today, RS2 plc announced that it launched a one-stop solution for acquirers and issuers in Brazil in partnership with ACI Worldwide, a global leader in mission critical, real-time payments software. The new offering combines the best of ACI’s and RS2’s acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations, and payments processors on their digital transformation and modernisation journey. RS2 explained that the combined new cloud-enabled technology platform will enable potential merchants, banks, and payment service providers to launch new products and services efficiently using configuration portals that integrate seamlessly to third-party platforms, orchestrating the entire payment ecosystem within the client environment, making the platform secure, reducing operational costs, and ultimately increasing revenues.

MaltaPost plc rebounded by 6.7% to the €0.448 level across two deals totalling 10,000 shares.

A single trade of 500 shares pushed the share price of Malita Investments plc 6.7% higher to the €0.48 level.

International Hotel Investments plc advanced by 1% to the €0.41 level across volumes totalling 16,471 shares.

In contrast, M&Z plc fell by 3.4% to the €0.56 level on a single deal of 2,897 shares.

Malta International Airport plc declined by 1.7% to the €5.65 level across two trades totalling 1,840 shares.

AX Real Estate plc moved 1.2% lower to the €0.484 level across five deals totalling 24,500 shares. The Board of Directors of AX Real Estate is scheduled to meet tomorrow to consider the approval of the financial results for the six-month period ended 30 April 2024.

Also in the property sector, Hili Properties plc (-1%) and Malta Properties Company plc (-3.1%) fell to the €0.208 and €0.31 levels respectively. Hili Properties held its Annual General Meeting today.

One deal of 2,000 shares pulled the share price of BMIT Technologies plc 2.2% lower to the €0.35 level.

APS Bank plc dropped by 2% to the €0.50 level as 3,400 shares changed hands.

Also in the banking sector, Bank of Valletta plc continued to trade in a tight range and closed unchanged at the €1.41 level across volumes totalling 8,231 shares.

Simonds Farsons Cisk plc remained at the €7.05 level on trivial volumes. Farsons is holding its Annual General Meeting on Thursday 27 June.

The RF MGS Index erased most of yesterday’s losses as it rebounded by 0.05% to 892.570 points, reflecting marginal declines in yields across the yield curve. Within the eurozone, Spain’s producer prices fell by 4.6% in May when compared to a year earlier, which however is less than the drop of 6.7% reported a month earlier. The reduction was mainly attributed to lower energy prices.

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.