MSE Equity Price Index falls to a three-month low

The MSE Equity Price Index fell by 0.80% to 3,752.733 points as the declines in GO, IHI, Plaza, VBL and the ordinary shares of RS2 outweighed the gains in APS and MPC. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to €0.19 million. Download today’s Equity Market Summary.

International Hotel Investments plc slumped by 9.1% to a one-month low of €0.44 on a single deal of 10,000 shares.

VBL plc plummeted by 10.9% to the €0.196 level across three trades amounting to 8,200 shares.

The ordinary shares of RS2 plc shed 4.1% to the €0.47 level on one deal of 4,000 shares.

GO plc moved 0.7% lower to the €2.68 level across four trades totalling 12,083 shares.

Plaza Centres plc declined by 0.8% to the €0.62 level on muted activity.

On the other hand, APS Bank plc gained 1.8% to the €0.58 level across five deals amounting to 18,000 shares.

Malta Properties Company plc moved 0.6% higher to the €0.36 level across three deals amounting to 11,874 shares.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.71 level over sixteen trades totalling 55,746 shares.

Malta International Airport plc traded flat at the €5.85 level as 4,000 shares changed hands.

Also among large companies by market value, Simonds Farsons Cisk plc held the €6.70 level on a single deal of 500 shares.

M&Z plc maintained the €0.55 level on one trade of 15,681 shares.

PG plc held the €1.86 level on trivial volumes.

The RF MGS Index decreased by 0.09% as the declines in short and medium dated MGS prices outweighed the gains in longer dated MGS prices as the yield curve flattened. In GDP growth in the euro area during the third quarter expanded by 0.4% quarter-on-quarter and 0.9% year-on-year, in line with expectations. The economy was impacted by weak consumption, weak exports, and an inefficient labour market. In contrast, the US economy continued to show superiority as the number of jobs added during November well exceeded forecasts. Furthermore, the average hourly wages also grew faster than anticipated.

 

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.