MSE Equity Price Index posts five-day winning streak

The MSE Equity Price Index rose for the fifth consecutive session as it climbed by 0.07% to a fresh two-month high of 3,865.662 points. The gains in BMIT and Malita outweighed the decline in Malta Properties, while five other equities closed unchanged. Today’s trading activity in local equities was muted at just €0.06 million. Download today’s Equity Market Summary.

BMIT Technologies plc surged by 6.5% to a one-month high of €0.394 on a single trade of 30,000 shares.

Malita Investments plc moved 1.6% higher to the €0.50 level on two trades totalling 7,000 shares.

In contrast, Malta Properties Company plc plummeted by 9.1% to the €0.30 level on two trades totalling 2,100 shares. Yesterday, MPC announced that its Board of Directors is scheduled to meet on Thursday 21 March 2024 to consider and approve the 2023 financial results. The Directors will also consider the declaration of a dividend.

Malta International Airport plc closed unchanged at the €5.90 level after recovering from an intraday low of €5.65 (-4.2%) across six deals totalling 3,804 shares.

Tigné Mall plc held the €0.82 level on a single deal of 20,000 shares.

A single trade of 1,100 shares left the share price of PG plc at the €2.04 level.

APS Bank plc held the €0.55 level as 1,654 shares changed hands. APS will publish the 2023 financial results on Thursday 7 March.

Mapfre Middlesea plc traded flat at the €1.45 level across two deals amounting to 1,550 shares.

The RF MGS Index rose by 0.37% to a two-week high of 891.216 points as eurozone sovereign bond yields retreated from their recent peaks with the German 10-year bund yield reaching a one-month low of 2.3%. Data released today showed that the eurozone private sector declined by less than expected in February and registered the smallest contraction in eight months. Meanwhile, eurozone producer prices decreased by 8.6% in January, which was more than the expected 8.1% decline. Elsewhere in the US, the growth rate of the private sector unexpectedly increased to an eight-month high in February.

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.