Four equities pull MSE Equity Price Index lower

 

The MSE Equity Price Index fell by 0.16% to 3,800.022 points as the declines in BOV, IHI, Malita and Santumas outweighed the gain in BMIT. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.17 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed 0.6% to the €1.77 level over fourteen trades comprising 48,295 shares.

Malita Investments plc fell by 2.0% to €0.49 on two deals totalling 20,000 shares.

International Hotel Investments plc decreased by 0.4% to the €0.458 level over trivial volumes.

Santumas Shareholding plc moved 2.4% lower to the €1.20 level on muted activity.

On the other hand, BMIT Technologies plc surged by 2.9% to the €0.35 level over seven deals amounting to 108,000 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.62 level across nine trades totalling 22,961 shares.

Also in the banking sector, HSBC Bank Malta plc held the €1.42 level on a single deal of 10,000 shares.

M&Z plc also closed unchanged at the €0.54 level on one deal of 6,887 shares.

A single trade of 10,000 shares left the equity of Main Street Complex plc unchanged at the €0.30 level. 

The RF MGS Index snapped a four-day winning streak as it decreased by 0.02% to 917.990 points. The declines in short-dated MGS outweighed the gains in longer-dated MGS, as the yield-curve flattened. Today, the Bank of England cut its base interest rate for the third consecutive meeting to 4.5% with a unanimous decision. The Bank of England also revised its growth forecasts lower for the rest of the current financial year. Elsewhere in the US, the number of recurring unemployment claims exceeded expectations. Furthermore, labour costs in the US rose by 3.0% in the last quarter of 2024, below market expectations of 3.4%.

 

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.