BOV & RS2 lift MSE Equity Price Index higher
The MSE Equity Price Index climbed by 0.43% to 3,893.185 points as the gains in BOV and RS2 outweighed the declines in BMIT, Lombard, PG and Farsons. Meanwhile, MIA traded unchanged as overall trading activity amounted to €0.07 million. Download today’s Equity Market Summary.
In the retail banking sector, Bank of Valletta plc edged 0.6% higher as it recaptured the €0.90 level across 29,755 shares. On the other hand, Lombard Bank Malta plc fell by 1.6% to a 10-week low at the €1.87 level as 1,000 shares changed hands.
Following yesterday’s sharp decline, the ordinary shares in RS2 Software plc rebounded by 11.1% to the €1.90 level, albeit across trivial volumes.
Also in the technology sector, BMIT Technologies plc slipped by 4% as it returned to the €0.48 level across 59,000 shares.
Meanwhile, Simonds Farsons Cisk plc lost 5.7% to the €8.25 level across two deals totalling 183 shares.
A single trade of 2,857 shares forced PG plc 0.9% lower to the €2.24 level.
Elsewhere, Malta International Airport plc traded flat at the €6.40 level as 470 shares changed hands.
The RF MGS Index advanced for the third consecutive session as it gained a further 0.07% to 1,099.779 points. Eurostat data indicated that producer prices across the Eurozone increased by 1.3% in May, marking the 12th consecutive monthly increase. The main contributors were energy, intermediate goods, and capital goods. Meanwhile, Spain reported a significant decrease in its unemployment rate in June which now stands at 3.6 million. The main driver was the services sector as the re-opening of the economy brought an increased demand for employees. Similarly in the US, nonfarm payrolls increased by 850,000 in June, compared to the Dow Jones estimate of 706,000. Hospitality continued to be the prime beneficiary of the reopening US economy as workers returned to jobs at bars, restaurants and hotels.