Mixed movements across several local equities

The MSE Equity Price Index fell by 0.24% to 3,776.686 points as the declines in BMIT, GO, IHI, Malita, and the ordinary shares of RS2 outweighed the gains in Computime, HSBC, and MIA. Meanwhile, another three equities closed unchanged as today’s trading activity amounted to €0.13 million. Download today’s Equity Market Summary.

The vast majority of trading took place across Bank of Valletta plc which closed unchanged at the €1.90 level over eight deals amounting to 40,095 shares.

VBL plc and Malta Properties Company plc also closed unchanged at the €0.175 and €0.328 levels respectively.

The ordinary shares of RS2 plc eased by 0.7% to the €0.30 level across the trades totalling 41,350 shares.

GO plc fell by 0.8% to the €2.48 level across three trades amounting to 4,531 shares.

GO’s IT and digital infrastructure subsidiary BMIT Technologies plc dropped by 2.7% to the €0.29 level on two deals totalling 10,745 shares.

Malita Investments plc plunged by 8.5% to the €0.41 level on two trades totalling 24,500 shares.

International Hotel Investments plc decreased by 4.6% to the €0.418 level on three trades totalling 12,139 shares.

In contrast, Computime Holdings plc rebounded by 9.4% to the €0.444 level on two deals totalling 2,200 shares.

HSBC Bank Malta plc advanced by 1.4% to the €1.43 level on a single trade of 700 shares.

Malta International Airport plc moved 0.9% higher to the €5.90 level on one deal of 845 shares.

The RF MGS Index remained rather unchanged at 914.786 points, as short-term yields remained stable while long-term yields edged higher. In the eurozone, the German 10-year bund yield climbed to 2.7%, while the 20-year bund yield surged to almost 3.2%, both the highest level in a month following stronger than expected trade data despite lower industrial output. In contrast, US Treasury yields edged slightly lower following weaker than expected US labour market data.

 

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.