MSE Equity Price Index rebounds on low volumes

 

The MSE Equity Price Index erased some of yesterday’s drop as it rebounded by 0.06% to 3,828.026 points. Plaza, Malita and Santumas closed the day in positive territory while BOV and Main Street traded unchanged. Overall trading activity was subdued as only €0.02 million worth of shares changed hands. Download today’s Equity Market Summary.

Plaza Centres plc advanced by 3.3% to the €0.93 level on activity totalling 16,000 shares, representing nearly 68% of today’s value of equities traded.

Also in the property sector, Malita Investments plc edged 1.3% higher to regain the €0.81 level on a single trade of 1,000 shares.

Santumas Shareholdings plc surged by 18% to the €1.18 level albeit on negligible volumes.

Main Street Complex plc traded for the first time in nearly two months as it remained at the €0.48 level on 10,000 shares. Last week, Main Street Complex announced that it concluded a new lease agreement for the long-term covering an area of over 500 square metres.

Elsewhere, Bank of Valletta plc stayed at the €0.85 level on 1,500 shares.

The RF MGS Index moved lower for the first time in four sessions as it dropped by 0.48% to 1,086.455 points. The Eurozone Purchasing Managers’ Indices exceeded expectations with growth anticipated in both manufacturing and services sectors during November. Elsewhere in the US, President Biden authorised the use of strategic oil reserves in an effort to offset the surge in energy prices which have been driving inflation over the past months.

 

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.