Most equities trade at unaltered levels

 

The MSE Equity Price Index rose by 0.24% to 3,876.764 points as the gains in BOV and Lombard outweighed the decline in HSBC. Meanwhile, nine equities closed unchanged as today’s trading in local equities amounted to €0.17 million. Download today’s Equity Market Summary.

Bank of Valletta plc gained 1.2% to the €1.67 level across three trades totalling 8,405 shares.

Also in the banking sector, Lombard Bank Malta plc surged by 2.6% to the €0.79 level on a single deal of 2,000 shares.

On the other hand, HSBC Bank Malta plc shed 0.6% to the €1.64 level over three trades amounting to 24,000 shares.

Meanwhile, Malta International Airport plc traded flat at the €6.10 level as 4,300 shares changed hands. Shareholders at the close of trading today will be eligible to receive a net interim dividend of €0.06 per share, payable by Friday 13 September 2024.

FIMBank plc held the USD0.2 level on a single deal of 10,045 shares.

APS Bank plc closed unchanged at the €0.5 level across three trades amounting to 45,090 shares. Shareholders as at the close of trading today will be eligible to receive a net interim dividend of €0.0053, payable on 6 September 2024.

A single trade of 18,600 shares left the share price of BMIT Technologies plc stable at €0.35.

AX Real Estate plc closed unchanged at the €0.45 level over three trades amounting to 34,300 shares.

The ordinary share of RS2 plc held the €0.7 level on one trade of 38,563 shares.

Simonds Farsons Cisk plc traded untouched at the €6.85 level across three trades amounting to 1,667 shares.

MaltaPost plc (5,000 shares) and Main Street Complex plc (5,000 shares) both remained unchanged at the €0.34 and €0.41 levels respectively.

Today, The Convenience Shop (Holding) plc announced that its Board of Directors is scheduled to meet on Tuesday 27 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.

The RF MGS Index fell by 0.06% to 904.178 points. Data released today confirmed that inflation in the Eurozone during July was 2.8% in line with expectations as the acceleration in energy costs was offset by a slower increase in food prices. Furthermore, core inflation remained flat at 2.9% despite a forecasted decrease to 2.8%. Meanwhile, in its monthly report released today, the Bundesbank stated that Germany’s economic activity may be further delayed and that inflation is projected to pick up towards the end of the year, albeit on a temporary basis, due to strong wage pressures. Nonetheless, a recession is not expected unless new negative shocks occur. Moreover, the report noted that negotiated wages rose by 3.1% in the second quarter compared to 6.2% in the previous three months.

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.