Elevated trading activity across BOV & MIA shares

The MSE Equity Price Index rose by 0.22% to 3,768.966 points as the gains in HSBC and Simonds Farsons Cisk outweighed the declines in Mapfre Middlesea and Grand Harbour Marina. Meanwhile, seven other equities closed unchanged as today’s trading activity in local equities amounted to €0.87 million. Download today’s Equity Market Summary.

Nearly half of today’s value traded in equities was across the shares of Bank of Valletta plc which closed unchanged at the €1.67 level across eight trades amounting to 247,599 shares.

Substantial activity also took place across the shares of Malta International Airport plc which traded flat at the €5.95 level on volumes of 67,000 shares.

APS Bank plc held the €0.50 level across three trades totalling 36,896 shares.

A single deal of 425 shares left the share price of GO plc unchanged at the €2.84 level.

The ordinary shares of RS2 plc closed unchanged at the €0.50 level over five trades amounting to 37,109 shares.

Plaza Centres plc remained at the €0.55 level on two deals totalling 5,250 shares.

Santumas Shareholding plc held the €1.30 level over trivial volumes.

HSBC Bank Malta plc rose by 1.9% to the €1.64 level across four trades amounting to 9,100 shares.

Simonds Farsons Cisk plc gained 1.5% to the €6.80 level, albeit on trivial volumes.

Meanwhile, Mapfre Middlesea plc fell by 4.0% to the €1.20 level on a single trade of 2,500 shares.

Grand Harbour Marina plc moved 0.6% lower to the €0.87 level on one deal of 1,537 shares.

The RF MGS Index rose for the third consecutive session as it increased by a further 0.30% to 908.773 points. In the US, the number of new employees in the private sector during August 2024 fell more than expected as it declined for the fifth successive month to reach the lowest level since January 2021. In this respect, several Federal Reserve members have previously highlighted that maintaining a resilient job market will be a key focus going forward and that labour market data will play a key role in the upcoming monetary policy meeting in two weeks.

 

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.