Low trading values across 12 equities

The MSE Equity Price Index shed 0.38% to 3,794.209 points the declines in APS, Malita and the ordinary shares of RS2 outweighed the gains in Hili Properties, MIA and PG. Meanwhile six other equities closed unchanged, but trading values were minimal across all equities. Download today’s Equity Market Summary 

APS Bank plc declined by 2.7% to the €0.55 level on a one trade of 4,000 shares.

The ordinary shares of RS2 plc fell by 5.9% to a multi-year low of €0.48 on two deals amounting to 1,459 shares.

Malita Investments plc slumped by 13.0% to a three-month low of €0.47 level on trivial volumes.

In contrast, Hili Properties plc surged by 5.3% to a one-year high of €0.238 on a single trade of 8,300 shares.

PG plc moved 0.5% higher to the €1.89 level on one trade of 600 shares.

Malta International Airport plc gained 0.9% to the €5.90 level on a single deal of 300 shares.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.72 level over eight deals totalling 17,421 shares.

Also in the banking sector, HSBC Bank Malta plc traded flat at the €1.45 level as 4,219 shares changed hands.

A single trade of 7,013 shares left the share price of MIDI plc unchanged at the €0.23 level.   

BMIT Technologies plc closed unchanged at the €0.344 level on two trades amounting to 4,340 shares.

Malta Properties plc and Simonds Farsons Cisk plc both held the €0.346 and €6.70 levels respectively on muted activity.

The RF MGS Index declined by 0.09% to 912.780 points as investors continue to assess the implications of the potential trade tariffs that the US will implement in the coming months. In this respect, the German Bundesbank President Joacim Nagel commented that the anticipated tariffs are not likely to cause a substantial rise in inflationary pressures. Meanwhile, the Vice President of the ECB, Luis de Guindos stated that trade restrictions could potentially have a negative impact on the economic growth in the euro area adding further risk to the euro area economy which is already stagnated.

 

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.