MSE Equity Price Index falls to a ten-month low

 

The MSE Equity Price Index fell by 0.28% to a ten-month low of 3,709.052 points as the declines in APS, GO, Lombard, Malita, and Malta Properties outweighed the gains in VBL and Quinco. Meanwhile, five equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today’s Equity Market Summary.

Malita Investments plc fell by 2.9% to an all-time low of €0.406 over three deals amounting to 28,460 shares.

Malta Properties Company plc decreased by 2.9% to the €0.33 level on two trades totalling 18,300 shares.

APS Bank plc slumped by 3.9% to a four-month low of €0.49 over nine deals amounting to 16,633 shares.

Also in the banking sector, Lombard Bank Malta plc plummeted by 4.3% to a one-month low of €0.66.

GO plc shed 0.8% to the €2.60 level over four trades totalling 2,033 shares.

On the other hand, VBL plc (+12.5%) and Quinco Holdings plc (+0.8%) rose to the €0.18 and €1.31 levels respectively, both over trivial volumes.

Meanwhile, Malta International Airport plc traded flat at the €5.95 level as 8,138 shares changed hands.

Also among large companies by market value, Bank of Valletta plc closed unchanged at the €1.86 level across nine deals totalling 72,671 shares.

Hili Properties plc held the €0.22 level on one deal of 15,000 shares.

M&Z plc closed unchanged at the €0.57 level on two trades amounting to 5,500 shares.

The Convenience Shop (Holdings) plc closed unchanged at the €0.80 level on two deals totalling 6,220 shares.

The RF MGS Index advanced by 0.06% to 911.084 points. Yesterday, the Federal Reserve published the minutes of its September monetary policy meeting, revealing a consensus among officials in favour of further interest rate cuts. A slim majority anticipate two additional rate cuts by year-end, while several other members support three cuts. Overall, policymakers expressed greater concern about labour market weakness, which outweighed upside risks to inflation, which is still projected to ease toward the 2% target by 2027 despite headwinds. Officials highlighted that the long-term federal funds rate is expected to stabilize around 3% beyond 2027. Furthermore, although officials generally agreed that tariffs put upward pressure on inflation, some remarked that the effects were more muted than what was expected earlier in the year. However, tariffs were still expected to raise inflation for the rest of the year and provide upward pressure on inflation in 2026. In the euro area, fresh data showed that Germany’s exports fell by 0.5% in August, marking a nine-month low and missing market forecasts.

 

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.