MSE Equity Price Index extends decline on minimal activity

 

The MSE Equity Price Index dropped by a further 0.49% to a two-week low of 3,805.777 points as the declines in MIA and LifeStar Holding outweighed the gains in the ordinary shares of RS2 and PG. Meanwhile, GO and Santumas closed unchanged as total trading activity remained muted at just €0.06 million. Download today’s Equity Market Summary.

Malta International Airport plc moved 2.5% lower to the €5.75 level across three deals totalling 5,219 shares. MIA shareholders as at close of trading on Monday 21 August 2023 will receive a net interim dividend of €0.03 per share, payable by not later than Friday 15 September 2023.

LifeStar Holding plc moved considerably lower to the €0.34 level compared to its previous closing price of €0.90, albeit on trivial volumes.

The ordinary shares of RS2 Software plc advanced by 0.8% to the €1.28 level across two trades totalling 1,000 shares. Today, RS2 announced that its Board of Directors is scheduled to meet on Wednesday 30 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023. The Directors will also consider the declaration of an interim dividend, which shall be paid either in cash or in scrip by the issue of new shares (Ordinary and Preference) in each case at the option of the individual respective shareholder.

PG plc gained 1% to the €2.08 level across volumes totalling 11,000 shares. PG’s Board of Directors is scheduled to meet on Thursday 24 August 2023 to consider and approve the Annual Report and financial statements for the year ended 30 April 2023.

GO plc (2,060 shares) and Santumas Shareholdings plc (432 shares) held the €2.98 and €1.30 levels respectively.

Today, Malita Investments plc announced that its Board of Directors is scheduled to meet on Tuesday 22 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023. The Directors will also consider the payment of an interim dividend.

The RF MGS Index shed 0.24% to a one-month low of 865.933 points, as eurozone and US sovereign bond yields edged higher. Meanwhile in the UK, headline inflation moved lower to 6.8% in July in line with expectations, compared to 7.9% in June. However, core inflation remained at 6.9%, which shows that when excluding the volatile movements of energy and food prices, the underlying inflation remained high.

 

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.