HSBC drags the MSE Equity Price Index lower
The MSE Equity Price Index eased by 0.04% to 3,655.720 points as the share price of HSBC moved lower while MIA, APS and Mapfre closed the day unchanged. Overall trading activity in equities was muted with only €0.08 million worth of shares changing hands. Download today’s Equity Market Summary.
HSBC Bank Malta plc slid by 0.7% to the €0.76 level on four trades totalling 43,669 shares.
Also in the retail banking sector, APS Bank plc traded flat at the €0.65 level on seven deals totalling 67,739 shares.
Malta International Airport plc held the €5.95 level on low volumes.
A single trade of 1,046 shares left the share price of Mapfre Middlesea plc unchanged at the €1.75 level.
The RF MGS Index registered its sharpest drop in two weeks as it shed 0.68% to 951.398 points. The UK annual inflation rate reached 10.1% in July, above market expectations. The main price increases were for housing and utilities, food and hospitality services. Elsewhere, crude oil prices drifted to a 6-month low today as analysts forecasted a boost in supply from Iran.
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.