Five equities pull MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.52% to 3,834.009 points driven by the declines in APS, IHI, MIA, PG, and RS2. Meanwhile, four other equities closed unchanged. In contrast to yesterday’s heightened activity, today’s trading in local equities was muted at around €70,000. Download today’s Equity Market Summary.

Malta International Airport plc moved 1.7% lower to the €5.90 across five trades amounting to 3,643 shares.

Also among large companies by market value, International Hotel Investments plc decreased by 2.0% to the €0.49 level as 19,611 shares changed hands.

APS Bank plc fell by 1.0% to the €0.505 level over four deals totalling 5,522 shares.

PG plc decreased by 2.7% to the €1.85 level on a single deal of 2,750 shares. The Board of PG will be meeting on Wednesday 25 June to consider the declaration of an interim dividend.

The ordinary shares of RS2 plc decreased by 2.1.% to the €0.39 level on one trade of 5,000 shares. RS2 is holding its Annual General Meeting on Tuesday 24 June.

Meanwhile, Bank of Valletta plc closed unchanged at the €2.08 level over five deals totalling 11,179 shares.

Also in the banking sector, HSBC Bank Malta plc held the €1.40 level over trivial volumes.

Mapfre Middlesea plc remained unchanged at the €1.40 level on two trades amounting to 780 shares.

MaltaPost plc traded flat at the €0.458 level over three deals totalling 11,000 shares.

The RF MGS Index decreased by 0.05% to 915.572 points as data released today showed that inflation in the euro area during May fell to an eight-month low of 1.9%, as anticipated largely driven by a drop in services inflation to 3.2% from 4.0% in the previous month. Furthermore, core inflation also fell to 2.4% as expected, which is the lowest level since February 2022. Meanwhile, inflation in the UK during May fell to 3.4% from 3.5% in the previous month, which was still more than the 3.3% which was forecasted. In particular, food and beverage prices rose by 4.4% compared to 3.4% in the previous month, which was the highest level in just over a year.

 

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.