MSE Equity Price Index snaps 2-day negative streak
The MSE Equity Price Index trended higher for the first time in three days as it rebounded by 0.52% to 3,691.147 points. The uplifts in Farsons, IHI, MIA and APS offset the decline in Mapfre Middlesea whilst BMIT Technologies plc traded flat at the €0.47 level across 150,000 shares. Download today’s Equity Market Summary.
Simonds Farsons Cisk plc was the best performing equity today with a gain of 4.2% to the €7.50 level across 2,700 shares.
International Hotel Investments plc added 1.5% to recapture the €0.67 level on a total of 80,000 shares.
Malta International Airport plc and APS Bank plc both advanced by 0.8% to close the day at €6.00 and €0.665 respectively.
A single deal of 5,000 shares forced the share price of Mapfre Middlesea plc to retract by 0.6% to the €1.80 level.
The RF MGS Index erased yesterday’s drop as it climbed by 0.42% to 944.532 points. On the economic front, fresh data relating to German factory orders and job openings in the US exceeded expectations. On the other hand, retail sales across the single currency block increased by less than expected.
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.