MSE Equity Price Index falls to a six-month low

 

The MSE Equity Price Index decreased by 0.61% to a six-month low of 3,683.690 points as the declines in APS, BOV, MIA, Farsons, Santumas, and the ordinary shares of RS2 outweighed the gains in GO and BMIT. Meanwhile, four other equities closed unchanged. Download today’s Equity Market Summary.

Bank of Valletta plc decreased by 1.4% to the €1.44 level across seven trades amounting to 23,887 shares.

Also in the banking sector, APS Bank plc moved 1.9% lower to the €0.51 level on a single trade of 5,469 shares. APS will publish its interim financial results on Thursday 25 July 2024. The Directors will also consider the declaration of an interim dividend, subject to regulatory approval.

Malta International Airport plc declined by 1.8% to the €5.55 level after failing to hold onto an intraday high of €5.70 (+0.9%) across ten deals totalling 8,243 shares.

The ordinary shares of RS2 plc slumped by 4.8% to the €0.80 level on one trade of 7,031 shares.

Also among large companies by market value, Simonds Farsons Cisk plc fell by 0.7% to a one-month low of €6.80 on two deals totalling 1,750 shares.

Santumas Shareholding plc moved 1.7% lower to the €1.18 level albeit over trivial volumes.

On the other hand, GO plc gained 2.1% to the €2.92 level as 1,500 shares changed hands.

Similarly, GO’s digital infrastructure subsidiary BMIT Technologies plc rose by 2.3% to the €0.358 level on muted activity.

HSBC Bank Malta plc traded flat at the €1.51 level on two trades of 6,024 shares.

FIMBank plc closed unchanged at the USD0.20 level across three trades amounting to 12,500 shares.

Malita Investments plc held the €0.47 level on a single trade of 9,000 shares.

Also in the property sector, AX Real Estate plc remained unchanged at the €0.454 level on one deal of 5,000 shares.

The RF MGS Index rose for the ninth consecutive session climbing by 0.15% to a fresh three-month high of 896.311 points. The eurozone industrial production output fell by 0.6% in May when compared to the previous month, but the decline was milder than expectations of a 1% drop. Elsewhere in China, data released today showed that the economy grew by 4.7% during the second quarter of 2024, less than the 5.1% that was expected and slowing from 5.3% during the first quarter, amidst a persistent property downturn, weak domestic demand, as well as trade frictions with the West.

 

This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any 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.