MSE Equity Price Index edges minimally higher

 

The MSE Equity Price Index opened the week in positive territory as the uplift in the share price of HSBC slightly offset the decline in BMIT. Meanwhile, BOV, FIMBank, and LifeStar Insurance closed unchanged as overall trading activity remained subdued. Download today’s Equity Market Summary.

HSBC Bank Malta plc added 1.3% to regain the €0.78 level across 15,000 shares.

Also in the banking sector, Bank of Valletta plc (14,380 shares) and FIMBank plc (49,461 shares) traded flat at €0.80 and USD0.206 respectively.

A single deal of just 282 shares left the share price of LifeStar Insurance plc at the €0.45 level.

Elsewhere, BMIT Technologies plc dropped by 2.8% to the €0.486 level across 18,100 shares.

The RF MGS Index trended higher for the first time in five days as it rebounded by 0.21% to 999.311 points. Volatility across international financial markets rose sharply amid fears that the prevailing high inflation coupled with the ongoing war in Ukraine will lead to a marked slowdown in global economic activity.

 

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.