MSE Equity Price Index extends downward trend
The MSE Equity Price Index moved lower for the fourth consecutive day as it retracted by 0.18% to 3,785.903 points reflecting the declines in the share prices of several companies. Meanwhile, GO plc remained unchanged at the €3.26 level whilst HSBC Bank Malta plc surged by 5.1% to regain the €0.92 level across 12,000 shares. Download today’s Equity Market Summary.
Malta International Airport plc eased by 0.9% back to the €5.80 level on a total of 7,605 shares.
Also among the large companies by market value, Bank of Valletta plc retreated to the €0.85 level (-1.2%) across 10,100 shares.
PG plc (2,000 shares) and BMIT Technologies plc (22,500 shares) retracted by 0.8% to €2.38 and €0.482 respectively.
Simonds Farsons Cisk plc erased yesterday’s uplift as it shed 4.1% back to the €8.15 level across 1,212 shares.
A single deal of 5,080 shares forced the share price of MaltaPost plc to drop by 1.6% to the €1.20 level.
The other negative performing equity today was Hili Properties plc as it eased by 0.7% to the €0.272 level on 50,000 shares.
The RF MGS Index resumed its downward trend as it declined by 0.09% to 1,066.917 points. During his second part of his testimony before the Senate, US Federal Reserve Chair Jerome Powell suggested a more aggressive stance towards monetary policy tightening in the coming months. Separately, the World Bank issued its latest Global Economic Prospects report in which it revised lower the expected world economic growth in 2022 to 4.1%, followed by a further increase in output of 3.2% in 2023.
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.