BOV’s market capitalisation surpasses €1 billion
BOV’s market capitalisation surpasses €1 billion
The MSE Equity Price Index rose to a two-month high as it increased by 0.93% to 3,815.798 points. The gains in BOV, APS, Hili Properties, and MaltaPost outweighed the decline in GO. Meanwhile, five other equities closed unchanged as today’s total trading activity in local equities amounted to €0.31 million. Download today’s Equity Market Summary.
Bank of Valletta plc was the most actively traded equity for the second consecutive session as it increased by 3.0% to an over six-year high of €1.74 across twenty-six trades having a market value of €0.23 million. BOV’s Board of Directors is scheduled to meet tomorrow to consider the declaration of an interim dividend.
Also in the banking sector, APS Bank plc rose by 1.8% to the €0.56 level on a single trade of 10,000 shares.
MaltaPost plc advanced by 6.7% to the €0.48 level on two deals amounting to 15,000 shares.
Hili Properties plc surged by 9.3% to a one-year high of €0.236 albeit on trivial volumes.
On the other hand, GO plc decreased by 0.7% to an almost one-year low of €2.70 on two deals totalling 18,021 shares.
HSBC Bank Malta plc traded flat at the €1.46 level as 8,000 shares changed hands.
A single trade of 7,500 shares left the share price of MIDI plc unchanged at the €0.25 level.
Simonds Farsons Cisk plc closed unchanged at the €6.70 level on one deal of 500 shares.
Malta Properties Company plc and PG plc held the €0.346 and €1.92 levels respectively on muted activity.
The RF MGS Index rose by 0.2% to 914.723 points as sovereign bond yields in the eurozone decreased particularly following data showed that headline inflation figures for both France and Spain were at three and a half year lows. Additionally, headline inflation in France was revised lower to 1.1% from previous forecasts of 1.2%. Recent data showed that economic growth in the euro area is weak but stronger than anticipated in the US. As a result, the spread between the US 10-year treasury yield and the German 10-year bund yield widened to over 180 basis points, the highest level since last July.
This report contains only public information and is not to be construed as investment advice or an offer to buy or sell 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