Trading in local equities reaches 2-month high

The MSE Equity Price Index advanced by 1.24% to a one-month high of 3,853.886 points as the gains in five equities outweighed the declines in Malita and Farsons. Meanwhile, three other equities closed unchanged as today’s trading in local equities amounted to €0.61 million, the highest level since the beginning of April. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity as it closed unchanged at the €2.08 level across 33 deals totalling 124,654 shares, accounting for over 40% of today’s value traded. Since the start of the year, €9 million worth of BOV shares changed hands.

BMIT Technologies plc closed unchanged the €0.30 level on three trades totalling 170,141 shares.

AX Real Estate plc held the €0.378 level on a single trade of 5,290 shares.

Among today’s positive performers, PG plc climbed 2.7% higher to the €1.90 level across nine deals totalling 46,000 shares. The Board of PG will be meeting on Wednesday 25 June to consider the declaration of an interim dividend.

Malta International Airport plc increased by 0.8% to the €6.00 level across seven deals totalling 13,266 shares.

International Hotel Investments plc closed the session 16.3% higher at the €0.50 level, albeit the volume-weighted price of the day stood at €0.443 (+3.1%). A total of 70,000 shares changed hands.

GO plc extended yesterday’s gains as it increased by a further 0.8% to the €2.58 level across four deals totalling 6,252 shares.

Also among the large companies by market value, HSBC Bank Malta plc advanced by 1.4% to the €1.40 level across volumes of 14,350 shares.

Malta Properties Company plc climbed by 3.3% to the €0.31 level across three trades totalling 3,660 shares.

In contrast, Simonds Farsons Cisk plc fell by 3.2% to the €6.10 level on three deals amounting to 10,179 shares.

Malita Investments plc eased by 0.4% to the €0.478 level on two trades totalling 6,810 shares.

The RF MGS Index recovered some of yesterday’s losses as it rebounded by 0.10% to 915.863 points. Sovereign bond yields remained volatile as the global attention remains on the ongoing conflict between Israel and Iran, which particularly includes implications on global oil supply and prices. Meanwhile in the US, data showed that retail sales in May dropped by the highest amount in two years, possibly impacted by earlier stockpiling as consumers bought more items in prior months amid expectations of higher tariffs.

 

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.