Muted activity across the local equity market
The MSE Equity Price Index eased by 0.06% to 3,958.267 points. The declined in PG and Farsons outweighed the gain in BOV on a quiet day for the equity market with only five trades taking place having total value of €0.03 million. Download today’s Equity Market Summary.
PG plc lost 0.8% from last Friday’s all-time high to drop back to the €2.50 level on two deals totalling 6,173 shares. PG will be holding its annual general meeting on Thursday 21 October.
A single trade of 1,032 shares Simonds Farsons Cisk plc took place at the €9.90 level representing a 1% decline from the strong gains registered last Friday. Shareholders as at close of trading on 4 October will receive a net interim dividend of €0.05 per share on 20 October.
Bank of Valletta plc continued to trade within a tight range and advanced by 0.6% to the €0.885 level across two deals totalling 5,441 shares.
The RF MGS Index declined by 0.07% to 1,080.385 points as Eurozone sovereign bond yields rose further with some reaching multi-week highs. The governor of the Bank of England and other top official cited increased expectations that interest rates in the UK will increase sooner than expected following concerns on the current inflation levels. Meanwhile, fuel prices continued to increase amid prospects of stronger demand and supply restrictions, with oil prices reaching 3-year highs.