Minimal trading volumes in local equities

 

The MSE Equity Price Index increased by 0.10% to 3,748.267 points as the gains in APS and the ordinary shares of RS2 outweighed the decline in BOV. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities was muted at just under €57,000. Download today’s Equity Market Summary.

APS Bank plc gained 1.8% to the €0.575 level on a single deal of 3,510 shares.

The ordinary shares of RS2 plc surged by 6.4% to the €0.50 level across three deals amounting to 7,500 shares.

Bank of Valletta plc shed 0.6% to the €1.70 level across five trades totalling 25,128 shares.

Meanwhile, Malta International Airport plc traded flat at the €5.85 level on two deals amounting to 1,055 shares. Yesterday, MIA announced that it welcomed 630,637 passengers during November 2024, an increase of 19.2% compared to the corresponding month last year. The seat load factor also improved by 0.7 percentage points to 85.6%, despite an increase of 18.3% in seat capacity over the same month in 2023. The passenger movements during the eleven-month period ended November 2024 amounted to 8.37 million, 15.0% higher than the passenger traffic recorded in the same period last year.

Harvest Technology plc held the €0.85 level on a single trade of 2,384 shares.

The RF MGS Index fell by 0.2% to 927.212 points. Today, the ECB cut its deposit rate by 25 basis points to 3.00%. The fourth consecutive rate cut was driven by concerns of economic weakness and political uncertainty. In fact, the ECB trimmed its inflation forecast for 2024 to 2.4% from 2.5%, whilst the projection for 2025 was lowered to 2.1% from 2.2%. Economic growth expectations were also reduced to 0.7% from 0.8% in 2024 and 1.1% from 1.3% in 2025. Meanwhile in the US, data released today showed that producer prices increased by 3.0% during November which was higher than the anticipated 2.6% and the highest level since February 2023. Furthermore, core producer prices grew by 3.4% compared to the 3.2% which was forecasted.