VBL concludes acquisition of ‘Coliseum’ building

 

The MSE Equity Price Index eased marginally lower to 3,611.361 points reflecting the drop in the share price of MPC whilst a further seven equities closed the day unchanged. Overall trading activity in equities remained unchanged from last Friday and amounted to €0.09 million. Download today’s Equity Market Summary.

Today, VBL plc announced that it concluded the acquisition of the ‘Coliseum’ building which operates as a shopping arcade and hosts a number of commercial outlets including the largest gym in Valletta. The equity remained inactive today.

Within the same segment, Malta Properties Company plc shed 4.8% back to the €0.50 level albeit on shallow volumes.

Low trading activity also took place in the equities of APS Bank plc and PG plc which traded flat at €0.625 and €2.10 respectively.

A single deal of 20,000 shares left the share price of Bank of Valletta plc at the €0.91 level.

Also among the large companies by market value, GO plc (6,750 shares) and International Hotel Investments plc (22,831 shares) stayed at €2.92 and €0.71 respectively.

Medserv plc maintained the €0.70 level across 25,000 shares.

MaltaPost plc also traded unchanged at the €1.11 level on a total of 11,000 shares.

The RF MGS Index opened the week considerably lower at 877.455 points (-0.76%) as fresh data showed that industrial production in Germany rebounded by much more than expected in September. Elsewhere in China, exports and imports unexpectedly contracted in October reflecting the impact of the country’s strict rules towards the pandemic as well as weaker foreign demand.

 

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.