HSBC Bank Malta falls to 18-month low

The MSE Equity Price Index fell by 0.48% to 3,783.413 points as the declines in HSBC, BMIT, MIA, and Farsons outweighed the gains in BOV, GO, and Medserv. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.20 million. Download today’s Equity Market Summary.

HSBC Bank Malta plc fell by 3.0% to an 18-month low of €1.31 across seven deals amounting to 6,543 shares.

Also among large companies by market value, Malta International Airport plc moved 0.8% lower to the €5.90 level over five trades amounting to 3,442 shares.

Simonds Farsons Cisk plc declined by 2.4% to the €6.10 level on muted activity.

BMIT Technologies plc slumped by 9.6% to a one-month low of €0.284 over eight deals totalling 51,100 shares.

In contrast, BMIT’s parent company GO plc gained 0.8% to the €2.68 level on two deals amounting to 8,203 shares.

Bank of Valletta plc moved 0.5% higher to the €1.89 level across thirteen trades totalling 25,586 shares.

MedservRegis plc increased by 1.4% to the €0.446 level across three trades totalling 90,000 shares.

Meanwhile, Malita Investments plc traded flat at the €0.45 level as 6,000 shares changed hands.

Hili Properties plc held the €0.24 level over six deals totalling 160,800 shares.

The RF MGS Index declined for the fourth consecutive session as it fell by a further 0.12% to a fresh five-month low of 903.704 points. Producer prices in the euro area during July rose by 0.2% which was more than the 0.1% which was anticipated. On a month-over-month basis, producer prices grew by 0.4% compared to the 0.2% which was projected but was lower than the 0.8% level recorded in June. Meanwhile, the public sector economy in the euro area grew less than expectations largely due to a weaker than forecasted performance in Germany.

 

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.