Daily Review 15.01.2025
Seven equities drag the MSE Equity Price Index lower
The MSE Equity Price Index shed 0.44% to 3,715.691 points reflecting the declines in seven equities. LifeStar Holdings plc climbed to the €0.975 level on trivial volumes while five other equities closed unchanged. Today’s total trading activity in local equities amounted to €0.20 million. Download today’s Equity Market Summary.
Bank of Valletta plc eased by 0.6% to the €1.73 level across volumes totalling 33,193 shares.
Also in the retail banking sector, HSBC Bank Malta plc (-1.4%) and APS Bank plc (-1.8%) dropped to the €1.40 and €0.55 levels respectively.
International Hotel Investments plc declined by 0.5% to the €0.426 level across two deals totalling 46,000 shares.
Hili Properties plc fell by 3.8% to the €0.202 on a single trade of 11,500 shares.
The Convenience Shop (Holdings) plc (-18.8%) and MedservRegis plc (-11.5%) plunged to the €0.80 and €0.50 levels respectively, albeit on trivial volumes.
Plaza Centres plc was today’s most actively traded equity as it closed unchanged at the €0.58 level after failing to hold to an intraday high of €0.625 (+7.8%). A total of 124,717 shares changed hands.
Malta International Airport plc traded flat at the €5.70 level on two deals totalling 2,240 shares.
A single trade of 342 shares left the share price of Simonds Farsons Cisk plc unchanged at the €6.50 level.
AX Real Estate plc closed unchanged at the €0.43 level as 4,500 shares changed hands.
Also in the property sector, Trident Estates plc closed unchanged at €1.12 level on muted activity.
Today, PG plc announced that in relation to the land acquired in 2022 in the limits of Qormi, in close proximity to the PAVI Shopping Complex, the company’s subsidiary which purchased the site entered into a Deed of Modification with the Lands Authority, representing the Government of Malta, as a result of which it was agreed that the property’s permitted use be changed from industrial to commercial. This modification was made for the consideration of just under €4.80 million.
The RF MGS Index fell by 0.17% to 902.695 points as the euro area sovereign bond yields opened the session higher. Nonetheless, following the publication of cooler-than-expected inflation data in the UK and the US, yields eased with the German 10-year moving close to the 2.51% level compared to an intraday high above the 2.62% level. The US headline inflation in December was at 2.9% in line with expectations but the core inflation which excludes energy and food stood at 3.2%, lower than forecasts of 3.3%.
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.