MSE Equity Price Index extends decline
The MSE Equity Price Index continued to drift lower as it slipped by a further 0.69% to 3,569.065 points reflecting the declines in the ordinary shares of RS2, APS and Mapfre Middlesea. On the other hand, BMIT, Farsons and Loqus traded unchanged. Overall trading activity in equities remained subdued as only €0.03 million worth of shares changed hands. Download today’s Equity Market Summary.
The ordinary shares of RS2 Software plc moved 0.7% lower to an over three-year low of €1.37 across 15,176 shares.
APS Bank plc retracted by 1.5% to the €0.64 level on a total of 5,057 shares.
Mapfre Middlesea plc lost 14.3% to a seven-year low of €1.50 level albeit on trivial volumes.
Low trading activity also took place in the equities of BMIT Technologies plc and Simonds Farsons Cisk plc which stayed at the €0.48 and €7.60 levels respectively.
A single deal of 9,666 shares left the share price of Loqus Holdings plc at the €0.15 level.
The RF MGS Index rebounded by 0.17% from its all-time low to resurface above the 920 level as movements across international financial markets remained highly volatile amid the prevailing uncertain global macroeconomic environment. On the economic front, preliminary inflationary data in Spain showed that consumer prices increased by less than expected. Meanwhile in the US, the number of job openings increased sharply reflecting the tight labour market conditions in the world’s largest economy.
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.