Mixed movements across 14 equities

 

The MSE Equity Price Index eased by 0.09% to 3,793.054 points as the gains in APS, FIMBank, GO, MIA, and Farsons were offset by declines in another eight equities. Meanwhile, Bank of Valletta plc held the €1.69 level on a single trade of 10,000 shares. Download today’s Equity Market Summary.

PG plc was today’s most actively traded equity as it fell by 3.1% to the €1.88 level across four deals totalling 25,127 shares.

BMIT Technologies plc shed 2.8% to the €0.344 level as 62,369 shares changed hands.

HSBC Bank Malta plc declined by 1.4% to the €1.45 level on six trades amounting to 13,150 shares.

Also among the large companies by market value, International Hotel Investments plc eased by 0.5% to the €0.422 level across five deals totalling 19,840 shares.

A single trade of 1,500 shares pulled the share price of Mapfre Middlesea plc 1.5% lower to the €1.30 level.

Plaza Centres plc retracted by 7.2% to the €0.58 level over trivial volumes.

Trident Estates plc (-2.6%) and Santumas Shareholding plc (-0.8%) moved lower to the €1.12 and €1.24 levels respectively on muted activity.

APS Bank plc was today’s best performing equity as it climbed 2.6% to the €0.585 level on eight deals amounting to 32,650 shares.

Malta International Airport plc extended yesterday’s gains by a further 0.8% to the €6.00 level, albeit on low volumes.

Similarly, Simonds Farsons Cisk plc (+0.7%) and GO plc (1.5%) moved higher to the €6.80 and €2.76 levels respectively on thin trading.

FIMBank plc advanced by 2.4% to the USD0.169 level on two deals totalling 3,000 shares.

The RF MGS Index rose by 0.27% to a fresh two-year high of 917.279 points as sovereign bond yields in the euro area and the United States continued to decline. In particular, the German 10-bund yield approached a year to date low of 2.10%. Similarly, the US 10-year treasury yield fell to an over one-year low of 3.61% intra-day. Bond markets remained volatile ahead of the Federal Reserve’s monetary policy meeting tomorrow where it is widely anticipated to cut the federal funds rate by at least 25 basis points. Nonetheless, bond yields rose after data released today showed that retail sales in the US unexpectedly increased during August, implying that the US economy is more resilient than anticipated.

 

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.