MSE Equity Price Index rises to three-week high

The MSE Equity Price Index surged by 1.12% to 3,825.073 points as the gains in BOV, HSBC, MaltaPost, PG and VBL outweighed the declines in BMIT, Plaza and the ordinary shares of RS2. Meanwhile, five other equities closed unchanged as today’s trading activity amounting to €0.60 million. Download today’s Equity Market Summary.

Bank of Valletta plc advanced by 3.0% to an almost two-month high of €2.08 across twelve deals amounting to 32,604 shares.

Also in the banking sector, HSBC Bank Malta plc rose by 1.4% to the €1.40 level on two deals amounting to 10,040 shares.

MaltaPost plc closed the session 9.0% higher at a one-month high of €0.458 level over six deals totalling 39,194 shares, albeit most of the activity took place at the previous closing price of €0.42.

PG plc increased by 2.8% to the €1.85 level over six trades amounting to 24,100 shares. The Board of PG will meet on Wednesday 25 June to consider an interim dividend.

VBL plc moved 9.4% higher to the €0.186 level one a single deal of 1,000 shares.

BMIT Technologies plc slumped by 6.4% to the €0.294 level on two trades totalling 21,500 shares.

The ordinary shares of RS2 plc shed 0.5% to the €0.398 level on one deal of 11,500 shares. RS2 will be holding its Annual General Meeting on Tuesday 24 June.

Plaza Centres plc closed the session 1.6% lower at the €0.61 level over six deals amounting to 550,000 shares, but most of the volume traded exchanged hands at €0.63 (+1.6%). Plaza will be holding its AGM on Wednesday 18 June.

Meanwhile, APS Bank plc traded flat at the €0.545 level as 4,359 shares changed hands.

Hili Properties plc held the €0.24 level over four deals amounting to 67,000 shares.

MIDI plc closed unchanged at the €0.246 level on two trades amounting to 12,000 shares. MIDI is holding its AGM today.

Malta International Airport plc closed unchanged at the €6.00 level over five trades totalling 8,132 shares.

Simonds Farsons Cisk plc stayed unchanged at the €6.30 level over three deals amounting to 5,000 shares.

The RF MGS Index rose by 0.10% to 919.141 points as sovereign bond yields move lower following indications of a higher probability of rate cuts following US producer prices data and weekly jobless claims released today. On a monthly basis, producer prices grew by 0.1% in May, which was slower than the 0.2% which was projected. Furthermore, annual core producer prices fell more than anticipated to 3.0% compared to the 3.1% level which was forecasted. Meanwhile, jobless claims last week remained relatively unchanged at the highest level since October 2024, not following through with a decline which was previously anticipated.

 

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.