Four equities push MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.33% to 3,826.200 points as the gains in BOV, HSBC, Plaza, and Trident outweighed the declines AX Real Estate and MaltaPost. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today’s Equity Market Summary.

Bank of Valletta plc gained 1.0% to the €1.98 level across seven deals totalling 26,464 shares.

Also in the banking sector, HSBC Bank Malta plc moved 0.7% higher to the €1.44 level over five trades amounting to 5,000 shares.

Plaza Centres plc surged by 5.1% to the €0.62 over two deals totalling 34,400 shares.

Trident Estates plc rose by 5.8% to the €1.09 level across three trades amounting to 4,650 shares.

On the other hand, AX Real Estate plc shed 4.8% to the €0.40 level over four deals amounting to 14,000 shares.

MaltaPost plc slumped by 6.1% to the €0.40 level on a single deal of 19,645 shares.

Meanwhile, GO plc held the €2.68 level on a single deal of 1,230 shares.

Hili Properties plc traded flat at the €0.24 level as 192,000 shares changed hands.

Malta International Airport plc closed unchanged at the €5.95 level over six deals totalling 3,935 shares.

Lombard Bank Malta plc held the €0.75 level on one deal of 3,004 shares.

PG plc closed unchanged at the €1.85 level over three deals amounting to 16,845 shares.

Simonds Farsons Cisk plc held the €6.10 level on muted activity.

The RF MGS Index decreased by 0.11% to 913.315 points. During the weekend, Moody’s announced that it downgraded the credit rating of the US from the highest tier of Aaa to Aa1 driven by the increasing burden of financing the government’s budget deficit as well as the high cost of rolling over existing debt amid high interest rates.

 

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.