Daily Review 14.01.2024
Robust trading across BOV shares
The MSE Equity Price Index remained practically unchanged at 3,732.064 points as the positive performance of five equities was offset by the declines of another four. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to €0.51 million. Download today’s Equity Market Summary.
The vast majority of trading took place across the shares of Bank of Valletta plc which closed unchanged at the €1.74 level after recovering from an intraday low of €1.72 (-1.1%). A total of 240,803 shares changed hands.
AX Real Estate plc (1,035 shares) and Hili Properties plc (25,600 shares) also closed unchanged at the €0.43 and €0.21 levels respectively.
HSBC Bank Malta plc advanced by 1.4% to the €1.42 level across three deals totalling 859 shares.
MaltaPost plc climbed 2.1% to the €0.48 level across three trades totalling 1,182 shares. Shareholders as at close of trading on Friday 17 January 2025 will be entitled to a net final dividend of €0.024 per share, payable on Thursday 20 March 2025 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 20 February 2025.
PG plc recovered yesterday’s losses as it rebounded by 2.2% back to the €1.90 level on two deals totalling 600 shares.
Malta Properties Company plc (+2.9%) and Trident Estates plc (+6.7%) also moved higher to the €0.36 and €1.12 levels on muted volumes.
Malta International Airport plc fell by 0.9% to the €5.70 level as 10,350 shares changed hands.
APS Bank plc dropped by 3.4% to the €0.56 level across two deals totalling 2,000 shares.
BMIT Technologies plc eased by 0.6% to the €0.338 level on volumes totalling 56,725 shares.
Simonds Farsons Cisk plc declined by 1.5% to the €6.50 level across 1,343 shares.
The RF MGS Index recovered some of yesterday’s losses as it advanced by 0.14% to 904.198 points. Euro area sovereign bond yields remained volatile following the surge witnessed over the past weeks. Data published today showed that US producer prices increased by 3.3% in December when compared to a year earlier. The figure is higher than the previous reading of 3.0% but its lower than estimates of 3.4%.
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.