MSE Equity Price Index increases for the fifth consecutive session

The MSE Equity Price Index rose by 1.53% to reach a one-month high of 3,799.178 points as the gains in ten equities outweighed the declines in GO, HSBC, Malta Properties, MaltaPost, Plaza and Trident. Meanwhile, two equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today’s Equity Market Summary.

Main Street Complex plc surged by 17.9% to a two-month high of €0.224 over three deals amounting to 10,876 shares. Yesterday, Main Street announced that it had reached a lease agreement with a new tenant, Little Greens, which forms part of an established chain of supermarkets. Little Greens will operate an outlet on the ground floor as well as a café at the entrance to the building, together measuring around 400 square meters. Furthermore, 160 square meters of underground space were leased for storage purposes.

LifeStar Insurance plc moved higher to the €0.44 level across three deals totalling 29,200 shares. Today, LifeStar Insurance’s Parent Company LifeStar Holdings plc announced that it will consider the acquisition of shares of LifeStar Insurance plc which are trading below the valuation price obtained from an independent third-party.

Bank of Valletta plc rose by 1.1% to the €1.90 level over eleven trades amounting to 14,232 shares.

Also in the banking sector, APS Bank plc moved 1.6% higher to the €0.496 level over six trades amounting to 62,258 shares.

Mapfre Middlesea plc advanced by 12.0% to the €1.49 level albeit on muted activity.

BMIT Technologies plc gained 2.8% to the €0.298 level on a single deal of 10,000 shares.

A single trade of 4,000 shares pushed the shares of Computime Holdings plc 1.5% higher to the €0.406 level.

Malita Investments plc moved 0.4% higher to the €0.448 level across three deals totalling 5,000 shares.

Simonds Farsons Cisk plc advanced by 12.8% to the €5.55 level over four deals totalling 1,462 shares. Nonetheless, the majority of the shares traded at the €4.98 level.

Quinco Holdings plc rose by 12.1% to the €1.20 level over six trades amounting to 2,643 shares.

On the other hand, GO plc declined by 0.8% to the €2.52 level on two deals amounting to 1,700 shares.

HSBC Bank Malta plc shed 0.7% to the €1.42 level on two trades totalling 4,648 shares.

Malta Properties Company plc slumped by 3.5% to the €0.328 level on one deal of 2,000 shares.

Also in the property sector, Trident Estates plc fell by 3.8% to the €1.02 level as 700 shares changed hands.

MaltaPost plc decreased by 0.5% to the €0.41 level on two deals amounting to 22,891 shares.

Plaza Centres plc moved 1.8% lower to the €0.56 level on two trades totalling 9,000 shares.

Meanwhile, International Hotel Investments plc held the €0.44 level over trivial volumes.

FIMBank plc closed unchanged at the USD0.25 level across six deals amounting to 102,155 shares.

The RF MGS Index increased by 0.08% to 915.57 points. Data released today showed that during September, month-over-month producer prices unexpectedly fell for the second month, decreasing by 0.1% driven by lower energy prices. Annual producer prices declined by 0.2% as anticipated, which was less than the 0.6% decrease last August. Meanwhile, Purchasing Managers’ Index (PMI) data released today by S&P Global show that eurozone private sector business activity expanded in October at its fastest pace since May 2023. This growth was primarily driven by a sharp acceleration in services activity, while manufacturing output showed more subdued growth. The surge in new business was the steepest in 2.5 years, reflecting improving demand conditions and encouraging firms to increase staffing levels.

 

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.