MSE Equity Price Index reaches a 1-month high

The MSE Equity Price Index rose by 1.00% to a one-month high of 3,826.166 points as the gains in BMIT, BOV, FIMBank, Harvest, MIA and Farsons outweighed the decline in MaltaPost. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

Bank of Valletta plc moved 1.6% higher to the €1.92 level across nine deals totalling 33,545 shares.

Also in the banking sector, FIMBank plc surged by 23.5% to the USD0.21 level on two trades amounting to 20,100 shares.

Malta International Airport plc moved 0.9% higher to the €5.80 level over four deals amounting to 1,946 shares.

Simonds Farsons Cisk plc rose by 1.9% to the €5.50 level across three deals totalling 235 shares.

Harvest Technology plc advanced by 1.5% to the €0.66 level albeit over trivial volumes.

BMIT Technologies plc increased by 3.6% to the €0.29 level on a single deal of 50,000 shares.

On the other hand, MaltaPost plc fell by 3.9% to the €0.49 level over five trades amounting to 12,365 shares.

Meanwhile, PG plc traded flat at the €1.69 level as 1,665 shares changed hands.

Lombard Bank Malta plc held the €0.81 level on a single trade of 1,000 shares.

Also in the banking sector, APS Bank plc closed unchanged at the €0.49 level over six deals totalling 32,005 shares.

International Hotel Investments plc remained unchanged at the €0.43 level on muted activity.

The RF MGS Index declined by 0.27% to 899.427 points amid intraday volatility in US and euro area sovereign bond yields. Yield movements reflected the offsetting effects of renewed inflationary concerns and a flight to safety driven by broader economic uncertainty following last weekend’s military capture of Venezuelan President Nicolás Maduro. Inflationary pressures stemmed from expectations of a US-led revival of Venezuela’s oil industry, which is anticipated to support economic growth. Additionally, significant expenditure is also expected to be required to rebuild Venezuela’s oil infrastructure.

 

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.