Several equities close unchanged

The MSE Equity Price Index rose by 0.24% to 3,780.748 points as the gains in BMIT and IHI outweighed the declines in APS and Hili Properties. Meanwhile, seven other equities remain unchanged as today’s total trading activity in local equities amounted to €0.19 million. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity as it closed unchanged at the €1.69 level across seventeen trades having a market value of €0.14 million. On Friday evening, BOV published the Base Prospectus for a €250 million Bond Programme and the Final Terms for the first tranche consisting of up to €100 million 5% unsecured subordinated bonds maturing in 2029-2034. The offer period will open on Tuesday 22 October 2024.

Also in the banking sector, HSBC Bank Malta plc held the €1.46 level on one deal of 1,790 shares.

Malta International Airport plc closed unchanged at the €6.00 level as 4,475 shares changed hands.

GO plc traded flat at the €2.72 level across two deals amounting to 580 shares.

A single deal of 2,500 shares left the share price of MIDI plc unchanged at the €0.25 level.

Main Street Complex plc and Plaza Centres plc both closed unchanged at the €0.325 and €0.63 levels respectively over trivial volumes

BMIT Technologies plc surged by 7.3% to the €0.354 level across six trades amounting to 25,450 shares.

International Hotel Investments plc rose by 6.6% to the €0.45 level on a single deal of 2,000 shares.

APS Bank plc shed 3.5% to the €0.55 level over six trades amounting to 8,535 shares.

Hili Properties plc fell by 4.4% to the €0.216 level on two deals totalling 13,000 shares.

The RF MGS Index remained relatively unchanged at 912.863 points. Today, the German yield curve flattened, driven by the decline in short term yields coupled by a slight increase in the yields of longer dated bonds. Last Friday, Fitch revised France’s outlook to negative, despite maintaining its AA- rating. The report particularly cited that the French government is anticipated to incur sizeable medium-term deficits, leading to a rise in government debt. Elsewhere, inflation in China during September slowed to 0.4% from 0.6% in the previous month. Furthermore, core inflation also slowed reaching a three-year low of 0.1% from 0.3% in August. Meanwhile, China’s exports grew by much less than anticipated during September. In this respect, the Government announced that it will ramp up its fiscal stimulus to boost the economy.

Last Friday, the Treasury Department announced that it received application totalling around €620.5 million (nominal) for the two new Malta Government Stocks. The Treasury exercised the vast majority of its over-allotment option and allotted a total of €399.5 million (nominal). Subscriptions from retail investors at the fixed prices established by the Treasury Department amounted to around €90 million (22.5% of the total allotment). The Treasury also allotted a total of €309.5 million (nominal) to institutional investors

 

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.