Daily Review 13.01.2025
Most equities unchanged amid lacklustre trading
The MSE Equity Price Index eased by 0.14% to 3,731.553 points reflecting the declines in GO and PG. Meanwhile, seven other equities closed unchanged as today’s total trading activity in local equities was muted at under €80,000. Download today’s Equity Market Summary.
Malta International Airport plc traded flat at the €5.75 level across three deals totalling 5,271 shares.
Also among the large companies by market value, Bank of Valletta plc (740 shares) and APS Bank plc (51,620 shares) closed unchanged at the €1.74 and €0.58 levels respectively.
Hili Properties plc held the €0.21 level across five trades totalling 42,700 shares.
A single trade of 5,114 shares left the share price of International Hotel Investments plc unchanged at the €0.428 level.
The Convenience Shop (Holdings) plc and LifeStar Holding plc stayed at the €0.985 and €0.39 levels respectively on trivial volumes.
GO plc eased by 0.8% to the €2.60 level across three trades totalling 1,941 shares.
PG plc fell by 2.1% to the €1.86 level on one deal of 500 shares.
The RF MGS Index fell by a further 0.31% to a fresh four-month low of 902.901 points reflecting the continued surge in sovereign bond yields. The German 10-year bund yield surpassed the 2.6% level for the first time in eight months, whilst the French 10-year hovered near the 3.5% level. Likewise in the US, the 10-year treasury yield moved close to the 4.8% level, which is the highest since October 2023. Various financial media outlets highlighted that sovereign bond investors are increasingly concerned about the sustainability of government finances across major economies.
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.