Four equities push the MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.22% to 3,805.021 points as the gains in APS, HSBC, Malta Properties, and MaltaPost outweighed the decline in M&Z. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.2 million. Download today’s Equity Market Summary.

Malta Properties Company plc surged by 13.1% to the €0.362 level over nine deals amounting to 58,701 shares.

APS Bank plc gained 1.0% to the €0.53 level over four deals amounting to 3,808 shares.

Also in the banking sector, HSBC Bank Malta plc increased by 0.8% to the €1.33 level across five trades totalling 14,169 shares.

MaltaPost plc rose by 1.4% to the €0.446 level on two trades totalling 5,210 shares.

On the other hand, M&Z plc shed 1.7% to the €0.59 level over three deals amounting to 34,405 shares.

Meanwhile, AX Real Estate plc held the €0.326 level on a single trade of 7,000 shares.

Bank of Valletta plc closed unchanged at the €1.90 level across seven deals totalling 22,011 shares.

GO plc (10,000 shares) and MedservRegis plc (2,000 shares) both held the €2.70 and €0.53 levels respectively.

Malta International Airport plc closed unchanged at the €6.00 level over four trades amounting to 10,474 shares.

The ordinary shares of RS2 plc closed unchanged at the €0.37 level across three deals totalling 11,180 shares. However, most shares changed hands at €0.33 (-10.8%).

The RF MGS Index fell by 0.11% to 910.403 points. Headline inflation in Germany edged up to a five-month high of 2.1% during August in line with expectations but higher than the 1.8% level recorded in the previous month. The increase was driven by higher food prices and a slower decline in energy prices. In fact, core inflation remained steady at 2.7%. Meanwhile, in France and Spain headline inflation stood at 0.9% and 2.7% respectively. Elsewhere in the UK, economic growth during July unexpectedly remained at 1.4% compared to an expected growth rate of 1.5%.

 

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.