Daily Review 12.11.2024

MIA celebrates 8 million passenger movements milestone

 

The MSE Equity Price Index remained nearly unchanged at 3,826.723 points as the gains in APS outweighed the declines in PG and the ordinary shares of RS2. Meanwhile, two other equities closed unchanged as today’s total trading activity amounted to a four-month low of €0.02 million. Download today’s Equity Market Summary.

Across social media, Malta International Airport plc announced that as at today, the airport handled more than 8 million passengers since the start of the year. This marks a new record and exceeds the full-year 2023 record movements of 7.80 million. MIA is expected to publish its financial performance figures for the first 9 months of the year in the coming days. The equity remained inactive today.

APS Bank plc gained 1.8% to the €0.57 across three trades amounting to 6,122 shares.

On the other hand, PG plc shed 0.5% to the €1.90 level over three deals totalling 3,902 shares.

The ordinary shares of RS2 plc declined by 2.0% to the €0.50 level over trivial volumes. Meanwhile, the preference shares of RS2 plc held the €0.60 level on a single trade of 167 shares.

Bank of Valletta plc closed unchanged at the €1.73 level across five trades amounting to 6,612 shares.

Yesterday evening, GO plc announced that following a share purchase agreement signed last month, all conditions precedent have been satisfied and it acquired 100% of the shares in Klikk Finance plc.

The RF MGS Index rose by 0.07% to 911.959 points amid extended worries of the economic outlook in China. In its monthly report, the OPEC lowered its projections for the oil barrels needed for 2024 and 2025 for the fourth consecutive time driven by reduced demand from China, the world’s second largest oil consumer.

 

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.