MSE Equity Price Index falls to 3-week low

 

The MSE Equity Price Index shed a further 0.30% to a three-week low of 3,797.670 points as the declines in APS, BOV, and GO outweighed the gain in MIA. Meanwhile, five other equities remained unchanged. Today’s trading activity on local equities improved to €0.18 million, which is higher than the value of the previous three trading sessions combined. Download today’s Equity Market Summary.

Bank of Valletta plc closed the session 1.8% lower at €1.68, albeit the volume-weighted average price for the day stood at €1.715 (+0.3%). A total of 59,233 shares changed hands. BOV was today’s most actively traded equity with total value traded of €0.10 million, accounting for over 55% of today’s value traded across local equities.

Also in the banking sector, APS Bank plc moved 0.9% lower to the €0.56 level on two deals totalling 9,080 shares.

GO plc eased by 0.8% to the €2.78 level across two traded totalling 3,500 shares.

Malta International Airport plc was today’s only positive performing equity as it rebounded by 1.7% to the €5.95 level on two deals amounting to 1,400 shares. Following the close of yesterday’s trading, MIA published the October traffic results, the financial results for the first nine months of the year, together with a revised guidance for the full year. The passenger movements in October amounted to 838,393, which represents 8.7% growth from the same period last year. The nine-month financial performance to the end of September showed a 17.7% increase in revenue to €107.8 million, which translated into a net profit for the period of €39.5 million. Based on the strong performance, MIA revised its full-year guidance figures with passenger movements expected at 8.96 million compared to May’s forecast of 8.45 million. The annual revenue is expected at €141 million (previously €132 million), EBITDA of €85 million (previously €82 million) and a net profit of €46 million (previously €44 million and 14% above the actual net profit of €40.3 million in 2023).

Malita Investments plc closed unchanged at the €0.54 level after recovering from an intraday low of €0.50 (-7.4%) as 63,450 shares changed hands.

A single trade of 700 shares left the share price of HSBC Bank Malta plc at the €1.45 level.

Mapfre Middlesea plc closed unchanged at the €1.40 level as 8,950 shares changed hands.

BMIT Technologies plc held the €0.35 level across two trades totalling 28,500 shares.

PG plc stayed at the €1.91 level on one deal of 1,000 shares.

The RF MGS Index rebounded by 0.16% to 911.129 points as sovereign bond yields remained volatile while investors continue to monitor developments in the US following the Presidential election. Inflation remains a key area of attention as the US producer prices increased to 2.4% when compared to a year earlier, ahead of projections and also above the 1.9% figure recorded in the previous month.

 

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.