Hili Properties climbs to 4-year high of €0.27 on robust trading

The MSE Equity Price Index moved 0.4% higher to 3,877.0 points as gains in Hili Properties, Harvest, HSBC and Quinco outweighed declines in IHI, Farsons and MPC. Meanwhile, four other equities closed unchanged as today’s total value traded amounted to €4.2 million. Download today’s Equity Market Summary. 

Today’s most actively traded equity was Hili Properties plc as it surged by 12.5% to a 4-year high of €0.27 across 297 trades totalling 15,296,859 shares, having a market value of €4.1 million. The amount of shares traded account for 3.82% of the total shares in issue of Hili Properties.

Harvest Technologies plc closed 68.6% higher at €1.18 across four trades amounting to 22,250 shares, although the majority of trades took place at the previous closing price of €0.70.

HSBC Bank Malta plc rose by 0.7% to the €1.45 level as 19,945 shares traded across five deals.

Quinco Holdings plc moved 0.6% higher to the €0.905 level albeit over trivial volumes.

Bank of Valletta plc closed unchanged at the €2.04 across five deals totalling 12,246 shares.

GO plc closed unchanged at the €2.52 level as 4,519 shares changed hands.

Similarly, Malta International Airport plc (€5.85) and VBL plc (€0.181) also remained unchanged.

International Hotel Investments plc shed 0.9% to the €0.436 level across three trades amounting to 4,351 shares.

Malta Properties Company plc lost 5.4% to the €0.35 level as 3,500 shares changed hands across two deals.

Simonds Farsons Cisk plc fell by 1.8% to the €5.50 level over trivial volumes.

The RF MGS Index remained practically unchanged for the second consecutive session at 909.8 points. Crude oil futures rose by 2% to USD 63.7 per barrel, driven by heightened geopolitical tensions after Ukraine–Russia peace talks in Geneva collapsed just two hours into the meeting. Tensions also remained elevated between the US and Iran.

 

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.