Lombard climbs to a 3-month high

 

The MSE Equity Price Index inched 0.08% higher to 3,892.156 points as the gain in Lombard outweighed the declines in BMIT, Plaza and RS2. Meanwhile, GO, MIA and PG remained unchanged as overall trading activity reached a one week high at €0.2 million. Download today’s Equity Market Summary.

Lombard Bank Malta plc surged by 8.8% to a 3-month high of €2.10 on three trades totalling 7,000 shares.

The ordinary shares of RS2 Software plc closed 1.1% lower at the €1.73 level on a single trade of 8,500 shares.

Also in the technology sector, BMIT Technologies plc eased 0.4% lower to the €0.49 level on volumes of 30,000 shares.

Plaza Centres plc lost 0.5% to the €0.995 level on a single deal of 15,000 shares.

Malta International Airport plc remained at the €6.10 level on three trades totalling 3,550 shares after recovering from an intraday low of €6.05 (-0.8%).

Meanwhile, GO plc stayed at the €3.30 level on ten deals totalling 18,798 shares after failing to hold to an intraday high of €3.32 (+0.6%).

PG plc held to its all-time high of €2.50 on eight trades totalling 25,700 shares. PG will be holding its annual general meeting on Thursday 21 October 2021.

The RF MGS Index extended yesterday’s gains with an additional 0.06% increase to 1,085.299 points. Eurozone producer prices for August rose less than expected at 1.1% from a month earlier, although on a yearly basis, producer prices surged by a record of 13.4% reflecting the low base effect of the pandemic. Meanwhile, the euro area composite PMI for September revealed the slowest growth in private sector activity in five months, amid shortages in inputs for both manufacturing and service sectors. Meanwhile in the US, the trade deficit widened more than expected in August and reached a record high of USD73.3 billion.