Varied movements on weak volumes

The MSE Equity Price Index snapped a three-day losing streak as it increased by 0.06% to 3,714.040 points as the gains in BOV, MIA, MaltaPost, Farsons and the ordinary shares of RS2 outweighed the declines in APS and GO. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.15 million. Download today’s Equity Market Summary,

Bank of Valletta plc gained 0.5% to the €1.89 level over 14 deals amounting to 24,973 shares.

Malta International Airport plc increased by 0.9% to the €5.85 level over four trades totalling 2,198 shares.

MaltaPost plc surged by 2.3% to the €0.45 level across four deals amounting to 20,000 shares. MaltaPost is expected to publish its full-year results tomorrow.

The ordinary shares of RS2 plc moved 2.0% higher to the €0.30 level on one deal of 13,575 shares.

A single deal of 920 shares pushed the share price of Simonds Farsons Cisk plc 3.8% higher to the €5.40 level.

On the other hand, APS Bank plc declined by 2.1% to the €0.47 level across nine deals totalling 14,329 shares.

GO plc slumped by 4.7% to the €2.44 level on two trades amounting to 12,200 shares.

Meanwhile, Computime Holdings plc traded flat at the €0.44 level as 19,504 shares changed hands.

FIMBank plc held the USD0.17 level on a single trade of 20,000 shares.

Also in the banking sector, HSBC Bank Malta plc closed unchanged at the €1.41 level across five deals totalling 13,630 shares.

PG plc held the €1.69 level on one trade of 3,000 shares.

International Hotel Investments plc closed unchanged at the €0.43 level on low volumes.

Yesterday, MIDI plc announced that it entered into a promise of sale agreement with J. Portelli Projects Ltd, whereby MIDI plc promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 over the property known as Fort Tigné in Sliema, including the surrounding grounds and a divided portion of the basement level at Tigné Point referred to as the unloading bay. The promise of sale agreement is valid up to 30 April 2026. The consideration for the sale amounts to €2.5 million with the payment to be made on the final deed of sale. The agreement is subject to several conditions which need to be satisfied prior to the final deed of sale. The company noted that the property is currently not occupied by a tenant and hence no annual rental income is being received. MIDI explained that it intends to use the proceeds from the sale towards the redemption of the €50 million bond due in July 2026.

The RF MGS Index gained 0.16% to a one-week high of 901.246 points. Data released today showed that inflation in the UK fell to an eight-month low of 3.2% in November, compared to 3.6% in October, and below the expected figure of 3.5%. The largest contributor to the inflation decline was food and beverage prices whose growth rate decreased to 4.2% from 4.9% in the previous month. Moreover, inflation also slowed for a number of other segments such as alcohol and tobacco, transport as well as housing and utilities.

 

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.