BOV and MIA push MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.57% to 3,777.271 points as the gains in BOV and MIA outweighed the declines in Convenience and Quinco. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today’s Equity Market Summary.

Bank of Valletta plc gained 1.6% to the €1.94 level over twenty-one deals totalling 83,550 shares.

Also among large companies by market value, Malta International Airport plc rose by 2.6% to the €5.95 across fourteen trades amounting to 4,804 shares. Today, MIA announced that last week it bought 1,321 of its own shares at a weighted average price of €5.87.

On the other hand, Quinco Holdings plc slumped by 13.0% to the €1.00 level on a single deal of 1,260 shares.

The Convenience Shop (holdings) plc shed 0.6% to the €0.895 level on muted activity.

Meanwhile, APS Bank plc held the €0.50 level on two trades amounting to 3,194 shares.

Also in the banking sector, HSBC Bank Malta plc closed unchanged over two deals totalling 10,635 shares.

Mapfre Middlesea plc and PG plc both held the €1.35 and €1.73 levels respectively over trivial volumes.

MaltaPost plc closed unchanged at the €0.448 level across four trades amounting to 19,940 shares.

Simonds Farsons Cisk plc held the €5.20 level on one deal of 1,755 shares.

The RF MGS Index declined for the sixth consecutive session, falling by 0.11% to an almost four-month low of 903.876 points.  In the UK, Monetary Policy Committee member Megan Greene stated that she maintains a persistent inflationary outlook for the coming months, adding that a rate cut would not be warranted unless there is a further weakening in the labour market or consumer demand.

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell 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.