Daily Review 03.02.2024
MSE Equity Price Index climbs to over one-month high
The MSE Equity Price Index rose by 0.55% to 3,779.815 points, the highest level since 18 December 2024. The gains in BOV, GO, IHI, MaltaPost and Mapfre Middlesea outweighed the declines in HSBC, Medserv, PG, Farsons and the ordinary shares in RS2, while three other equities remained unchanged. Today’s total trading value in local equities amounted to €0.12 million. Download today’s Equity Market Summary.
Bank of Valletta plc gained 0.6% to a fresh two-month high of €1.76 across nine trades amounting 15,735 shares.
BOV’s insurance associate Mapfre Middlesea plc advanced by 0.7% to the €1.41 level over three deals totalling 7,099 shares. Last Friday, Mapfre Middlesea plc announced that its Board of Directors is scheduled to meet on Tuesday 25 March 2025 to consider the approval of the audited financial statements for the financial year ended 31 December 2024. The Directors will also consider the recommendation of a dividend.
International Hotel Investments plc closed the session 10.6% higher at the €0.46 level, albeit today’s volume-weighted average price was €0.418 (+0.5%). A total of 36,550 shares changed hands.
GO plc rose by 2.3% to the €2.66 on two deals amounting to 4,740 shares.
MaltaPost plc moved 2.2% higher to the €0.46 level across three trades totalling 2,000 shares.
On the other hand, HSBC Bank Malta plc shed 1.4% to the €1.40 level on a single deal of 1,839 shares.
A single trade of 17,437 ordinary shares of RS2 plc pulled its share price 4.0% lower to the €0.48 level.
MedservRegis plc fell by 4.0% to the €0.48 level on a single deal of 7,600 shares.
PG plc eased by 0.5% to the €1.82 level on one trade of 2,500 shares.
Simonds Farsons Cisk plc decreased by 0.8% to the €6.50 level on trivial volumes.
Malta International Airport plc traded flat at the €6.25 level as 3,302 shares changed hands.
APS Bank plc stayed at the €0.60 level across five deals amounting to 14,117 shares.
Malita Investments plc held the €0.50 level over three trades totalling 2,000 shares.
The RF MGS Index rose by 0.4% to 914.820 points as sovereign bond yields in the euro area declined today reflecting concerns relating to the recently announced US tariffs on Canada, Mexico and China, coupled with the potential of trade tariffs directed to Europe. Meanwhile, data released today showed that inflation in the euro area during January unexpectedly rose to 2.5% which was the highest reading in six months, and higher than the forecasted flat reading of 2.4%. The elevated inflation figure was driven by a sharp increase in energy costs as well as core inflation, which remained flat at 2.7% as opposed to an anticipated decrease to 2.6%.
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.