MSE Equity Price Index snaps 3-day winning steak

 

The MSE Equity Price Index eased by 0.26% to 3,789.851 points driven by declines in HSBC, IHI, and Farsons. Meanwhile, four other equities closed unchanged as today’s total trading activity in local equities was muted. Download today’s Equity Market Summary.

HSBC Bank Malta plc fell by 1.2% to the €1.65 level across four trades amounting to 19,770 shares.

International Hotel Investments plc decreased by 0.9% to the €0.422 level on a single trade of 7,500 shares.

Also among large companies by market value, Simonds Farsons Cisk plc moved 0.7% lower to the €6.75 level on one deal of 740 shares. Farsons is expected to publish its interim results for the six-month period ended 31 July 2024 on 25 September.

Bank of Valletta plc closed unchanged at the €1.68 level after recovering from an intraday low of €1.66 (-1.2%) across nine deals amounting to 11,799 shares.

Also in the banking sector, both APS Bank plc and Lombard Bank Malta plc held the €0.52 and €0.78 price levels respectively over trivial volumes.

Malta International Airport plc traded flat at the €5.90 level as 847 shares changed hands.

The RF MGS Index rose by 0.18% to 910.088 points as eurozone yields continued to move lower following the latest inflation reports. In August, inflation in Germany fell to 2.0%, the lowest level in over three years, and below the 2.6% level recorded in the previous month. The decline in inflation was driven by a 5.1% drop in energy prices when compared to the same month last year. However, food prices in August increased for the fifth consecutive month climbing by 1.5% year-on-year. When excluding food and energy prices, core inflation also moved lower to 2.8%, the lowest figure since January 2022.

 

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.