MSE Equity Price Index drifts lower amid tepid trading

The MSE Equity Price Index edged 0.04% lower to 3,770.8 points as gains in RS2 preference shares, M&Z and BOV were offset by declines in Farsons, MPC and GO. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

Simonds Farsons Cisk plc fell by 2% to €5.00 across 4 deals totalling 840 shares.

GO plc reversed some of yesterday’s gains as it dropped by 1.6% to the €2.48 level over two deals amounting to 1,100 shares.

Malta Properties Company plc shed 4% to the €0.336 level albeit on muted activity.

In contrast, M&Z plc climbed 2.6% to the €0.60 level as 59,000 shares changed hands.

Today’s most actively traded equity Bank of Valletta plc increased by 0.5% to the €1.93 level across 10 deals totalling 25,507 shares, which amounted for 40% of today’s total value traded.

The preference shares of RS2 plc surged 38.9% to the €0.35 level over a single trade of 10,125 shares.

HSBC Bank Malta plc traded flat at the €1.43 level over two deals amounting to 9,014 shares.

Malta International Airport plc held the €5.85 level as 1,870 shares changed hands.

Harvest Technology plc closed unchanged at the €0.70 level over two trades amounting to 7,100 shares, although the vast majority of shares exchanged hands at €0.63 (-10%).

The RF MGS Index edged down 0.10% to 904.03 points amid continued volatility in sovereign bond yields. The 10-year German Bund yield rose to 2.88%, nearing a March 2025 high, as Germany aims to raise infrastructure and defence spending. Elsewhere, France’s inflation rate unexpectedly slowed to a five-year low of 0.3%, mainly driven by a decline in manufactured goods prices.

 

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.