Subdued activity across the local equity market
The MSE Equity Price Index remained virtually unchanged at 3,953.326 points as the gains in BOV and Trident were offset by the decline in GO. Trading activity tumbled to a 1-month low at €0.02 million. Download today’s Equity Market Summary.
Bank of Valletta plc moved higher for the fourth consecutive session as it added another 1.1% and reached a four-week high at the €0.89 level albeit on trivial volumes.
Similarly, Trident Estates plc edged 0.6% higher to the €1.56 level on a single trade of 2,766 shares.
GO plc lost 1.8% to the €3.30 level on one deal of 4,500 shares.
The RF MGS Index snapped a three-day losing streak as it added 0.03% to 1,079.965 points. Industrial output in the Eurozone fell by 1.6% in August from a month earlier as companies continue to struggle with supply shortages. In fact, the German manufacturing output slumped by 4.1%, largely impacted by the semiconductor shortage within the automotive sector. Meanwhile in the US, the Consumer Price Index exceeded forecasts and increased 5.4% in September on an annual basis. When compared to the previous month, consumer prices advanced by 0.4%, with notable increases in food prices.