Four equities drag the MSE Equity Price Index lower

The MSE Equity Price Index dropped by 0.59% to 3,760.565 points reflecting the declines in the ordinary shares of RS2, Mapfre Middlesea, MPC, and Plaza. Meanwhile, six other equities closed unchanged. Overall activity was muted with less than €0.09 million worth of shares changing hands. Download today’s Equity Market Summary.

The ordinary shares of RS2 plc fell by 2.9% to the €0.34 level across three deals totalling 24,500 shares.

Mapfre Middlesea plc plunged by 16.7% to the €1.20 level on a single trade of 1,225 shares.

Malta Properties Company plc shed 4.7% to the €0.366 level on one deal of 3,000 shares.

Plaza Centres plc eased by 0.8% to the €0.635 level on muted activity.

M&Z plc closed unchanged at the €0.56 level across four trades totalling 32,000 shares.

Malta International Airport plc traded flat at the €5.95 level across six deals totalling 2,700 shares.

Simonds Farsons Cisk plc held the €6.15 level on three trades totalling 5,330 shares.

BMIT Technologies plc stayed at the €0.29 level as 9,250 shares changed hands.

Bank of Valletta plc closed unchanged at the €1.84 level across four deals totalling 2,132 shares.

HSBC Bank Malta plc remained at the €1.37 level on lacklustre volumes.

The RF MGS Index advanced by 0.06% to 913.585 points reflecting a marginal increase in long term MGS bid prices as eurozone yields continued to ease. In fact, the German 20-year bund yield stood at the 3.10% level compared to yesterday’s high of 3.13% and last week’s 4-month high of 3.15%. Germany’s producer prices fell by 1.3% in June when compared to the previous year, which marked the fourth consecutive drop in producer prices and the sharpest decrease since September 2024.

Today, the Treasury Department announced that it received applications totalling around €449 million (nominal) for the two new Malta Government Stocks. The Treasury had offered a total of €250 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €150 million (nominal). The Treasury exercised the vast majority of its over-allotment option and allotted a total of €388.1 million (nominal). Subscriptions from retail investors at the fixed prices established by the Treasury Department amounted to around €155 million (40% of the total allotment) and all applications in compliance with the terms of the Offering Circular will be accepted in full. Meanwhile, the Treasury allotted a total of €233 million (nominal) to institutional investors via the auction that was held today.

 

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.