Weak volumes across multiple equities

The MSE Equity Price Index remained virtually unchanged at 3,782.910 points as the gains in five equities were offset by declines in another five. Meanwhile, six other equities closed unchanged, mostly on muted activity. Download today’s Equity Market Summary.

Simonds Farsons Cisk plc was today’s most actively traded equity as it advanced by 0.8% to the €6.15 level on two trades totalling 9,519 shares.

Bank of Valletta plc climbed 0.5% to the €1.84 level across six deals totalling 14,028 shares.

The ordinary shares of RS2 plc increased by 2.9% to the €0.35 on one trade of 40,000 shares.

Malta Properties Company plc rebounded by 12.9% to the €0.384 level on two trades totalling 3,291 shares.

Hili Properties plc advanced by 1.7% to the €0.244 level on trivial volumes.

In contrast, BMIT Technologies plc fell by 3.3% to the €0.29 level as 80,750 shares changed hands.

MIDI plc plunged by 4.0% to an all-time low of €0.192 across three deals amounting to 80,000 shares.

Harvest Technology plc shed 1.7% to the €0.87 level as 2,000 shares changed hands.

VBL plc (-4.8%) and HSBC Bank Malta plc (-2.1%) closed lower at the €0.18 and €1.37 levels respectively on lacklustre volumes.

APS Bank plc traded flat at the €0.53 level across five trades amounting to 24,721 shares.

PG plc (6,012 shares) and M&Z plc (18,069 shares) also closed unchanged at the €1.84 and €0.56 levels respectively.

Malta International Airport plc closed unchanged at the €5.95 level across five deal totalling 1,111 shares.

GO plc held the €2.76 level and Grand Harbour Marina plc stayed at the €1.00 level, both on trivial volumes.

The RF MGS Index rebounded by 0.12% to 913.067 points as eurozone yields eased from the highs reached earlier in the week. Data from the US continued to highlight the resilience of the world’s largest economy as jobless claims fell to a 3-month low, in contrast to an expected increase, while retail sales increased by 0.6% in June when compared to the previous month, ahead of an expected gain of only 0.1%.

 

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.