Daily Review 11.07.2024

Four Equities Push MSE Equity Price Index Higher


The MSE Equity Price Index rose by 0.30% to 3,715.434 points as the gains in APS, Hili Properties, MIA and Malita outweighed the declines in Lombard and VBL. Meanwhile, two other equities closed unchanged. Download today’s Equity Market Summary.

APS Bank plc moved 1.0% higher to the €0.515 level on two trades of 9,202 shares. APS’s Board of Directors is scheduled to meet on Thursday 25 July 2024 to consider the approval of the interim financial results covering the six-month period ended 30 June 2024. The Directors will also consider the declaration of an interim dividend, subject to regulatory approval.

Malta International Airport plc increased by 1.8% to the €5.65 level on a single deal of 200 shares.

A single trade of 22,000 shares pushed the share price of Hili Properties plc 1.1% higher to the €0.19 level.

Also in the property sector, Malita Investments plc surged by 6.3% to the €0.47 level albeit over trivial volumes.

Meanwhile, VBL plc fell by 0.9% to the €0.226 level on one deal of 5,000 shares.

Lombard Bank Malta plc shed 2.5% to the €0.77 level over trivial volumes.

Bank of Valletta plc closed unchanged at the €1.46 level on two trades amounting to 3,688 shares.

BMIT Technologies plc remained unchanged at the €0.35 level over four deals totalling 28,134 shares.

The RF MGS Index increased for the seventh consecutive session rising by 0.08% to a fresh two-week high of 892.551 points. Today several sovereign government bond yields fell after several countries released inflation data for June. In particular, the German 10-year bund yield decreased to a two-week low below 2.5% and the US 10-year treasury yield hovered around a three-month low of 4.2%. Inflation in the US during June dropped for the third consecutive month, falling by more than expected to a one-month low of 3.0% driven by slower increases in energy costs. Furthermore, despite expectations of a flat reading of 3.4%, core inflation in June surprisingly declined to 3.3%, the lowest since April 2021. Meanwhile, in Germany, inflation during June fell to 2.5% as per expectations, on the back of a faster decline in energy prices as well as a slowdown in price increases for goods. Moreover, the core inflation moderated to 2.9%, the lowest reading since February 2022.


This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any 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.