Thin trading across 14 equities

The MSE Equity Price Index fell by 0.08% to 3,772.336 points as the declines in HSBC, MIDI, MIA, Malita, and the ordinary shares of RS2 outweighed the gains in Computime, GO and Malta Properties. Meanwhile six other equities closed unchanged as today’s trading in local equities amounted to €0.11 million. Download today’s Equity Market Summary.

Malta International Airport plc was today’s most actively traded equity as it decreased by 0.8% to the €5.90 level across six deals totalling 5,432 shares.

The ordinary shares of RS2 plc fell by 2.9% to a twelve-year low of €0.33 albeit on a single deal of 965 shares.

MIDI plc slumped by 12.0% to the €0.206 over three trades amounting to 27,200 shares.

Also in the property sector, Malita Investments plc moved 0.4% lower to the €0.48 level as 8,666 shares changed hands.

HSBC Bank Malta plc shed 0.7% to the €1.35 level over three trades amounting to 1,359 shares.

On the other hand, Computime Holdings plc surged by 8.9% to the €0.49 level on one trade of 2,500 shares.

GO plc gained 3.0% to the €2.72 level over seven deals amounting to 5,000 shares.

Malta Properties Company plc rose by 7.2% to an almost two-month high of €0.328 across eight trades totalling 32,333 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.54 level on two deals amounting to 9,267 shares.

Also in the banking sector, Bank of Valletta plc closed unchanged at the €1.84 level over ten trades amounting to 10,689 shares.

AX Real Estate plc traded flat at the €0.34 level as 15,200 shares changed hands.

BMIT Technologies plc closed unchanged at the €0.284 level on two trades totalling 27,630 shares.

Mapfre Middlesea plc remained unchanged at the €1.40 level on two deals totalling 2,008 shares.

Hili Properties plc held the €0.24 level on a single trade of 18,600 shares.

The RF MGS Index decreased by 0.02% to 914.024 points. During the first week of July, the amount of seasonally adjusted mortgage applications in the US increased for the third consecutive week, rising by 9.4% in the week ended 4 July, to reach the highest weekly amount since early 2023. The increase in mortgage applications was partly driven by a drop in the 30-year mortgage rate, which had fallen to 6.77%, the lowest since last April. Meanwhile, oil prices rose to a two-week high of just under USD69, up from about USD64 two weeks earlier, driven by supply-side concerns amidst renewed attacks on oil tanker vessels traversing the Red Sea.

 

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.