MSE Equity Price Index falls to a fresh eight-month low

 

The MSE Equity Price Index fell by 0.25% to a fresh eight-month low of 3,717.918 points as the declines in APS, BMIT, BOV, Lombard, Malita and MaltaPost outweighed the gains in IHI and Mapfre Middlesea. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

APS Bank plc shed 2.9% to a one-month low of €0.50 over four trades amounting to 19,909 shares.

Also in the banking sector, Bank of Valletta plc declined by 0.5% to the €1.87 level across five deals totalling 12,622 shares. Today, BOV announced that last week it bought 102,823 of its own shares at a weighted-average price of €1.86.

Lombard Bank Malta plc fell by 1.4% to the €0.69 level on a single trade of 21,000 shares.

Malita Investments plc slumped by 5.0% to an all-time low of €0.418 on two deals amounting to 15,800 shares.

MaltaPost plc plummeted by 8.7% to a four-month low of €0.40 over five trades totalling 19,781 shares.

BMIT Technologies plc decreased by 1.3% to €0.30 on one trade of 5,100 shares.

On the other hand, Mapfre Middlesea plc surged by 7.4% to a six-month high of €1.60 across seven deals totalling 6,417 shares.

International Hotel Investments plc moved 0.5% higher to €0.424 on muted activity.

Meanwhile, Malta International Airport plc closed unchanged at the €5.85 level over five deals amounting to 4,542 shares. Today, MIA announced that last week it purchased 4,471 of its own shares at a weighted-average price of €6.00.

GO plc traded flat at the €2.62 level as 1,000 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.41 level on two deals totalling 8,295 shares.

The RF MGS Index declined by 0.16% to 908.664 points, as investors increasingly anticipate that the ECB will refrain from further cuts to its deposit facility rate in 2025. This sentiment was reinforced by comments from ECB Vice President Luis de Guindos, who stated that currently, the risks of an economic slowdown are balanced against those of a rebound in inflation, and in this respect the current interest rate level is appropriate. Additionally, ECB Chief Economist Philip Lane also noted that the future monetary policy decisions will depend on the evolution of risks to economic growth and inflation.

 

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.