MSE Equity Price Index trends higher on lacklustre volumes
The MSE Equity Price Index advanced by a further 0.08% to 3,660.157 points as the uplift in the share price of HSBC offset the drop in Medserv whilst BOV, MIA and MPC closed the day unchanged. Trading activity remained subdued as only €0.02 million worth of shares changed hands. Download today’s Equity Market Summary.
A single deal of just 765 shares lifted the share price of HSBC Bank Malta plc 3.4% higher to the €0.765 level.
Within the same sector, Bank of Valletta plc held on the €0.85 level across 6,050 shares.
Also among the large companies by market value, Malta International Airport plc traded flat at the €5.95 level albeit on just 165 shares.
Malta Properties Company plc stayed at the €0.52 level across 2,500 shares.
Meanwhile, MedservRegis plc slid 6.3% to the €0.82 level after opening at a low of €0.585. A total of 15,160 shares traded.
The RF MGS Index extended its recent negative trend as it slipped by a further 0.52% to a near five-week low of 935.460 points. Investor sentiment across international financial markets continued to be dented by the uncertainties in relation to the extent of how much the US Federal Reserve is likely to continue to tighten monetary policy in the coming months. Elsewhere in Europe, gas prices surged to a new record high ahead of a three-day closure of the main supply pipeline from Russia next week.
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.