Three equities push the MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.29% to 3,814.575 points as the gains in BOV, Malita, and VBL outweighed the declines in BMIT, HSBC, and MaltaPost. Meanwhile, Malta International Airport plc traded flat at the €5.95 level as 3,937 shares changed hands. Download today’s Equity Market Summary.

Bank of Valletta plc gained 1.1% to the €1.87 level across thirteen deals amounting to 18,890 shares.

VBL plc also advanced by 1.1% to the €0.188 level on a single trade of 2,000 shares.

Within the same sector, Malita Investments plc rose by 4.2% to the €0.50 level on two deals amounting to 3,800 shares.

On the other hand, BMIT Technologies plc shed 0.7% to the €0.298 level on two trades totalling 10,000 shares.

HSBC Bank Malta plc eased by 0.7% to the €1.35 level over seven deals amounting to 20,000 shares.

MaltaPost plc fell by 1.8% to the €0.44 level across two trades totalling 5,500 shares.

The RF MGS Index remained virtually unchanged at 915.844 points. Data released today showed that the labour market in the US is more resilient than previously expected as 147 thousand jobs were added during June, well above the 110 thousand which was forecasted. Meanwhile, the unemployment rate in June unexpectedly fell to 4.1% from 4.2% in the previous month compared to 4.3% which was projected. Additionally, unemployed people in the US dropped by 222k to roughly 7 million.

 

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.