Muted activity across multiple equities

 

The MSE Equity Price Index fell by 0.21% to 3,852.659 points as the declines in BOV, Farsons and LifeStar Holding outweighed the gains in APS, Lombard, MPC, MaltaPost and PG. Meanwhile, three other equities closed unchanged, but today’s total trading value amounted to under €50,000. Download today’s Equity Market Summary.

Bank of Valletta plc eased by 0.6% to the €1.77 level on four deals totalling 9,400 shares.

Simonds Farsons Cisk plc shed 1.5% to the €6.70 level on two deals totalling 602 shares.

LifeStar Holding plc traded for the first time since April and fell by 60% to the €0.40 level on trivial volumes.

In contrast, MaltaPost plc surged 20% to the €0.545 level on a single trade of 4,500 shares.

MaltaPost’s parent company Lombard Bank Malta plc advanced by 1.2% to the €0.84 level on two deals totalling 6,000 shares.

Malta Properties Company plc climbed 7.6% to the €0.366 level as 7,000 shares changed hands.

PG plc moved 0.5% higher to the €1.91 level across four trades totalling 2,566 shares. PG’s Board of Directors is scheduled to meet on Tuesday 26 November 2024 to consider the distribution of an interim dividend.

APS Bank plc increased by 0.9% to the €0.575 level albeit on trivial volumes.

HSBC Bank Malta plc held the €1.45 level on a single trade of 5,936 shares.

A single trade of 1,000 shares left the share price of Main Street Complex plc unchanged at the €0.32 level.

Tigné Mall plc closed unchanged at the €1.00 level as 3,000 shares changed hands.

Today, M&Z plc announced that further last week’s announcement of the implementation of the buyback approved at the Annual General Meeting last June, the Company has repurchased 500,000 of its ordinary shares, at a price of €0.60 per share, for an aggregate consideration of €300,000. As a result, M&Z plc now owns 1.14% (500,000) of its outstanding ordinary shares.

The RF MGS Index rose by 0.22% to a one-week high 909.883 points. Yield movements within the euro area and in the US were volatile following the result of the election in the US, a victory for the Republican presidential nominee Mr Donald Trump. Eurozone short term yields dropped by long-term yields moved higher, translating into a steeper yield curve. In the US, the 10-year treasury yield rose to a 3-month high of 4.45% following the publication of the election result.

 

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.