GO dominates trading activity

The MSE Equity Price Index fell by 0.66% to 3,736.886 points as the declines in six equities outweighed the gains in GO and the ordinary shares of RS2. Meanwhile, four other equities closed unchanged as today’s total trading activity in local equities amounted to €0.27 million. Download today’s Equity Market Summary.

GO plc was today’s most actively traded equity as it advanced by 0.8% to the €2.62 level over four trades totalling 72,200 shares.

The ordinary shares of RS2 plc gained 2.0% to the €0.50 level on trivial volumes.

On the other hand, BMIT Technologies plc shed 1.7% to the €0.34 level on a single trade of 3,650 shares.

International Hotel Investments plc slumped by 7% to the €0.428 level on two deals totalling 11,414 shares.

Malta International Airport plc decreased by 1.7% to the €5.75 level across five trades amounting to 3,751 shares.

Simonds Farsons Cisk plc declined by 0.8% to the €6.60 level as 300 shares changed hands.

Trident Estates plc plummeted by 6.3% to the €1.05 level on one deal of 4,274 shares.

The preference shares of RS2 plc fell to the €0.486 level on muted activity.

APS Bank plc held the €0.58 level on a single trade of 1,000 shares.

Bank of Valletta plc closed unchanged at the €1.74 level across six deals amounting to 14,678 shares.

Also in the banking sector, HSBC Bank Malta plc held the €1.40 level on one trade of 2,466 shares.

Plaza Centres plc closed unchanged at the €0.58 level on one deal of 22,000.

The RF MGS Index fell by 0.22% to a four-month low of 905.696 points as sovereign bond yields across various economies continued to surge amidst data illustrating a very resilient US labour market. In particular, the German 10-year bund yield climbed close to 2.6% for the first time in eight months, whilst the 10-year US treasury rose to a 14-month high of 4.8%. Data released today showed that the US economy added over 250,000 new jobs in December compared to expectations of 160,000. As a result, unemployment in the US unexpectedly declined to 4.1% compared to forecasts of 4.2%.

 

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.