Low trading activity on the local Borza
The MSE Equity Price Index slipped by 0.33% to 3,719.936 points reflecting the drops in the share prices of M&Z and FIMBank whilst four other equities traded flat. Overall trading activity contracted substantially to less than €0.01 million. Download today’s Equity Market Summary.
M&Z plc eased by 0.7% to the €0.75 level across 1,700 shares.
FIMBank plc slumped by 13.3% to the USD0.182 level albeit on just 563 shares.
Also in the banking sector, APS Bank plc (€0.66), Bank of Valletta plc (€0.92), and Lombard Bank Malta plc (€1.90) closed the day unchanged on trivial volumes.
A single deal of 57 shares left the share price of Trident Estates plc at the €1.35 level.
The RF MGS Index erased most of yesterday’s decline as it rebounded by 0.32% to 943.784 points. Today’s gain led the Index to register its fourth consecutive weekly uplift, thus leading to a reduction in the year-to-date loss by 2 percentage points to -11.2%.
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.