MSE Equity Price Index drops to 6-week low
The MSE Equity Price Index dropped by 0.58% to a six-week low of 3,605.798 points reflecting the negative performances of RS2, APS and BMIT whilst BOV closed the day unchanged. Overall trading activity amounted to €0.15 million as most of today’s volumes were transacted in the ordinary shares of RS2 Software plc which slid by 3.7% to the €1.30 level on a total of 93,375 shares having a market value of €0.12 million. Download today’s Equity Market Summary.
APS Bank plc was the worst performing equity today as it slumped by 6.3% to a new low of €0.595 albeit on just 5,432 shares.
BMIT Technologies plc eased by 0.4% to a two-year low of €0.46 across 36,000 shares.
Elsewhere, Bank of Valletta plc stayed at the €0.90 level after opening at a low of €0.88 (-2.2%). A total of 12,000 shares changed hands.
The RF MGS Index rebounded by 0.65% to 868.982 points as MGS prices trended sharply higher despite continued high volatility across international financial markets. Meanwhile, developments taking place in the UK continued to dominate headlines as Prime Minister Liz Truss named Jeremy Hunt as the new finance minister (replacing Kwasi Kwarteng) and also scrapped a pledge to reverse an increase in corporation tax that was originally introduced by former Prime Minister Boris Johnson.
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.