Four equities push MSE Equity Price Index higher

The MSE Equity Price Index recovered most of yesterday’s losses as it rose by 1.28% to 3,754.615 points as the gains in APS, BMIT, IHI, and MIA outweighed the decline in Grand Harbor Marina. Meanwhile, five equities closed unchanged as today’s total trading activity in local equities amounted to €0.09 million. Download today’s Equity Market Summary.

APS Bank plc gained 5.5% to the €0.58 level across three trades amounting to 19,125 shares.

Malta International Airport plc moved 0.9% higher to the €5.80 level over four deals amounting to 2,839 shares.

BMIT Technologies plc rebounded by 6.8% to the €0.346 level across four deals totalling 13,025 shares.

International Hotel Investments plc surged by 15% to the €0.46 level on a single trade of 1,000 shares.

On the other hand, Grand Harbour Marina plc shed 1.8% to the €1.08 level across two deals amounting to 2,000 shares.

Meanwhile, GO plc traded flat at the €2.64 level as 643 shares changed hands.

Bank of Valletta plc closed unchanged at the €1.72 level over nine deals amounting to 29,098 shares.

Also in the banking sector, HSBC Bank Malta plc closed unchanged at the €1.40 level on muted activity.

The ordinary shares of RS2 plc held the €0.49 level on a single deal of 2,512 shares.

PG plc traded flat at the €1.86 level on two trades amounting to 2,600 shares.

The RF MGS Index increased by 0.07% to 912.140 points as data released today showed that the headline inflation growth in France and Italy was less than anticipated which contrasts yesterday’s data of higher-than-expected inflation in Germany. Overall, the headline inflation in the euro area increased for the third consecutive month, reaching a five-month high of 2.4%, in line with previous projections. Notably, energy prices rose for the first time since last July and there was also an uptick in service prices. Meanwhile, core inflation remained flat at 2.7%.

 

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.