Notable trading activity across Malita Investments shares

 

The MSE Equity Price Index remained practically unchanged at 3,794.859 points the declines in five equities offset most of the gains in BMIT, HSBC and Malita. Meanwhile four other equities closed unchanged. Download today’s Equity Market Summary.

Most of today’s value traded in local equities was across Malita Investments plc as it rebounded by 7.4% to the €0.505 level as 200,076 shares changed hands having a market value of €0.10 million.

The other two positive performers were BMIT Technologies plc (+0.6%) and HSBC Bank Malta plc (+0.7%) which climbed to the €0.346 and €1.46 levels respectively on muted activity.

In contrast, MaltaPost plc shed 6.4% to the €0.51 across three trades totalling 18,995 shares.

MaltaPost’s parent company, Lombard Bank Malta plc fell by 2.4% to the €0.82 level, albeit on trivial volumes.

Mapfre Middlesea plc declined by 2.1% to the €1.37 level on low activity.

In the property sector, Malta Properties Company plc (-0.6%) and Trident Estates plc (-3.6%) moved lower to the €0.344 and €1.08 level on lacklustre volumes.

Bank of Valletta plc closed unchanged at the €1.72 level after recovering from an intraday low of €1.69 (-1.7%) across four deals totalling 16,155 shares.

Also among the large companies by market value, Malta International Airport plc held the €5.90 level across two deals totalling 910 shares.

The ordinary shares of RS2 plc and Simonds Farsons Cisk plc both closed unchanged at the €0.48 and €6.70 levels respectively on muted activity.

The RF MGS Index advanced by 0.27% to 915.266 points as eurozone sovereign bond yields moved lower, with the German 10-year bund yield dropping below the 2.30% during the day. Nonetheless, the eurozone benchmark yield resurfaced above the 2.34 level later in the session as yields remained volatile amid geopolitical tensions. Elsewhere in the US, the housing market showed signs of weakness through the increasing levels of inventory coupled with rising mortgage 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.