Thin volumes across 12 equities

The MSE Equity Price Index gained 0.28% to 3,765.056 points as the gains in PG, Trident, AX Real Estate and The Convenience outweighed the declines in Lombard and Harvest. Meanwhile, six equities closed unchanged, but trading activity was muted at around €70,000. Download today’s Equity Market Summary.

PG plc moved 2.2% higher to the €1.90 level across two trades amounting to 2,400 shares.

The Convenience Shop (Holding) plc rebounded by 20.1% to the €0.985 level albeit over trivial volumes

Trident Estates plc rebounded by 7.7% to the €1.12 level across two deals amounting to 1,432 shares, albeit most trades took place at the previous closing price of €1.04.

Also in the property sector, AX Real Estate plc gained 1.9% to the €0.43 level on two trades totalling 2,715 shares.

On the other hand, Lombard Bank Malta plc shed 0.6% to the €0.79 level on a single deal of 2,491 shares.

Harvest Technologies plc declined by 1.6% to the €0.90 level as 7,000 shares changed hands.

Bank of Valletta plc (6,933 shares) and APS Bank plc (2,000 shares) both traded flat at the €1.72 and €0.58 levels respectively.

Also in the banking sector, HSBC Bank Malta plc closed unchanged at the €1.40 level over four trades totalling 18,000 shares.

GO plc closed unchanged at the €2.64 level over four deals totalling 3,915 shares.

A single deal of 8,000 shares left the share price of International Hotel Investments plc unchanged at the €0.46 level.

Malta Properties Company plc closed unchanged at the €0.36 level across six trades totalling 9,126 shares.

The RF MGS Index decreased by 0.21% to a two-month low of 910.265 points reflecting the continued rebound in eurozone sovereign bond yields with the German 10-year surging above the 2.50% level for the first time since July 2024. The euro area producer prices increased by 1.6% during November, above expectations and also considerably higher than the 0.4% which was reported in the previous month. Indeed, it was the largest since September 2022, mainly driven by a surge in energy prices. Meanwhile in the US, the labour market continued to show signs of resilience as the number of Americans filing for unemployment was less than expected and the lowest in the last eleven months.

 

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.