Year-to-date trading value in BOV surpasses €20 million

The MSE Equity Price Index fell by 0.62% to a two-week low of 3,743.385 points as the declines in twelve equities outweighed the gains in APS, Quinco and Farsons. Meanwhile, four other equities closed unchanged as today’s daily trading activity amounted to €0.32 million.  Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity as it closed unchanged at the €1.91 level over nineteen deals totalling 84,802 shares. Today, BOV announced that last week it bought 75,582 of its own shares at an average price of €1.92. Following today’s trading session, the total value traded in BOV shares since the start of the year surpassed the €20 million level, which accounts for 43% of all trading value in local equities. No equity on the Malta Stock Exchange exceeded annual trading value of €20 million since 2018 when BOV had surpassed that level.

Also in the banking sector, HSBC Bank Malta plc traded flat at the €1.40 level as 35,777 shares changed hands.

International Hotel Investments plc held the €0.44 level over trivial volumes.

Malta International Airport plc closed unchanged at the €5.80 level on one deal of 320 shares. Today, MIA announced that last week it bought 2,105 of its own shares at an average price of €5.85.

BMIT Technologies plc fell by 4.8% to the €0.28 level over three deals totalling 45,500 shares.

Computime Holdings plc shed 2.2% to the €0.44 level on a single trade of 5,596 shares.

Grand Harbour Marina plc slumped by 3.3% to the €0.87 level on one deal of 6,000 shares.

GO plc decreased by 1.6% to the €2.54 level over four trades amounting to 6,303 shares.

Hili Properties plc moved 0.8% lower to the €0.234 level on two deals totalling 37,000 shares.

Lombard Bank Malta plc declined by 4.5% to a 20-year low of €0.64 level over three trades amounting to 1,306 shares.

Malita Investments plc plummeted by 11.1% to the €0.37 level across five deals totalling 52,750 shares.

MaltaPost plc decreased by 1.8% to the €0.44 level over trivial volumes.

The ordinary shares of RS2 plc slumped by 13.3% to the €0.30 level on two trades amounting to 45,000 shares.

PG plc shed 1.2% to the €1.70 level on two deals totalling 2,600 shares.

Trident Estates plc moved 1.0% lower to the €1.00 level over three trades totalling 3,700 shares.

Also in the property sector, VBL plc fell by 3.2% to the €0.18 level on low volumes.

On the other hand, APS Bank plc increased 0.4% to the €0.494 level over fifteen deals totalling 41,744 shares.

Simonds Farsons Cisk plc (+4.4%) and Quinco Holdings plc (+4.0%) rose to the €5.20 and €1.04 levels respectively.

The RF MGS Index fell by 0.46% to a fifteen-month low of 897.533 points as euro area sovereign bond yields continued to increase with the German 10-year bund yield reaching a 9-month high of 2.85%. Germany’s exports unexpectedly increased in October to a six-month high in contrast to expectations of a decline.

 

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.