Local equities register 3-day positive streak

 

The MSE Equity Price Index gained 0.18% to 3,700.693 points as the gains in APS, Plaza, IHI and the ordinary shares of RS2 outweighed the declines in Mapfre Middlesea, The Convenience, MaltaPost, and Santumas. Meanwhile, six other equities closed unchanged. Download today’s Equity Market Summary.

APS Bank plc advanced by 1% to the €0.515 level on two trades of 10,950 shares. APS will publish its interim financial results on Thursday 25 July 2024. The Directors will also consider the declaration of an interim dividend, subject to regulatory approval.

Plaza Centres plc surged by 5% to the €0.63 level on two deals amounting to 6,800 shares. Plaza is expected to publish its interim financial results on Wednesday 31 July 2024.

International Hotel Investments plc gained 2.5% to the €0.41 level across seven trades totalling 22,206 shares.

The ordinary shares of RS2 plc rose by 2.5% to the €0.82 level on a single deal of 2,000 shares.

On the other hand, Mapfre Middlesea plc shed 2.3% to the €1.30 level after partially recovering from an intraday low of €1.24 (-6.8%) on two trades totalling 1,500 shares.

MaltaPost plc fell by 4% to the €0.43 level on five deals amounting to 31,000 shares.

A single trade of 1,500 shares pulled the share price of The Convenience Shop (Holding) plc 3.8% lower to the €1.00 level.

Santumas Shareholdings plc moved 0.8% lower to the €1.18 level on muted activity.

Malta International Airport plc held the €5.65 level on a single deal of 530 shares. Today, MIA announced that its Board of Directors is scheduled to meet on Thursday 1 August 2024 to consider the approval of the interim financial statements for the six-month period ended 30 June 2024. The Directors will also consider the declaration of an interim dividend.

Lombard Bank Malta plc closed unchanged at the €0.77 level on one trade of 10,000 shares.

Also in the banking sector, HSBC Bank Malta plc traded flat at the €1.55 level on two deals of 5,000 shares. HSBC is scheduled to publish its interim results on Wednesday 31 July 2024. The Directors will also consider the declaration of an interim dividend.

Bank of Valletta plc closed unchanged at the €1.46 level across eleven trades amounting to 31,774 shares.

BMIT Technologies plc stayed at the €0.35 level on a one deal of 40,000 shares.

Tigné Mall plc held the €0.82 level on muted activity.

Today, MedservRegis plc announced that its Board of Directors is scheduled to meet on Friday 30 August 2024 to consider the approval of the interim financial statements for the six-month period ended 30 June 2024.

The RF MGS Index snapped an eleven-day winning streak as it fell by 0.08% to 898.242 points. Today, the ECB decided to leave its key interest rates unchanged with the deposit facility at 3.75%, in line with expectations. In explaining the decision, the ECB stated that despite noting that the high wage growth was being largely mitigated by corporate profits, there are still inflationary concerns of high domestic price pressures and rising costs for services. In this respect, the ECB did not commit to future rate cuts and maintained its stance to follow a data-driven approach for interest rate decisions in upcoming meetings.

 

This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any 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.