MSE Equity Price Index snaps 5-day negative streak
The MSE Equity Price Index moved higher for the first time in five trading sessions as it rebounded by 0.18% to 3,692.845. The gain reflects the uplifts in BMIT, PG and VBL whilst another five companies closed the day unchanged. Overall trading activity in equities remained subdued as €0.15 million worth of shares changed hands. Download today’s Equity Market Summary.
A single deal of 100,000 shares lifted the share price of BMIT Technologies plc 0.4% higher back to the €0.488 level.
PG plc added 0.9% to recapture the €2.22 level albeit on trivial volume.
The other positive performing equity today was VBL plc as it surged by 7.1% to the €0.27 level across 17,500 shares.
Meanwhile, Bank of Valletta plc stayed at the €0.80 level across 84,464 shares.
HSBC Bank Malta plc (5,118 shares) and Malta International Airport plc (600 shares) traded flat at €0.90 and €5.85 respectively.
Also among the large companies by market value, International Hotel Investments plc held on to the €0.58 level across 36,950 shares.
A single deal of 187 shares left the ordinary share price of RS2 Software plc at the €1.70 level.
The RF MGS Index opened the week in positive territory as it rebounded by 0.14% to 1,038.411 points. During a conference held last Saturday, Bank of Italy Governor Iganzio Visco opined that the ECB needs to keep a flexible approach towards any monetary policy tightening so as not to create uneven financing conditions across the single currency block.
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.