Lacklustre activity across local equities

 

The MSE Equity Price Index fell by 0.21% to 3,787.396 points as the declines in APS and the ordinary shares of RS2 outweighed the gain in M&Z. Meanwhile, three other equities closed unchanged as today’s total trading volume in local equities was muted at only €0.06 million. Download today’s Equity Market Summary.

APS Bank plc shed by 0.9% to the €0.565 level across six deals totalling 19,998 shares.

The ordinary shares of RS2 plc fell by 6.1% to the €0.54 level after partially recovering from an intraday low of €0.48 (-16.5%) across low volumes of just 1,230 shares.

On the other hand, M&Z plc gained 0.8% to €0.595 on two deals amounting to 2,000 shares.

Bank of Valletta plc closed unchanged at the €1.69 level as 2,725 shares changed hands.

Malta International Airport plc traded flat at the €6.00 level as 5,100 shares changed hands.

Likewise, GO plc held the €2.80 level on two trades amounting to 3,578 shares.

The RF MGS Index rose by 0.04% to 912.672 points. Eurozone yields fell in early trading but rebounded during the session, with the German 10-year bund yield climbing to an almost two-week high of 2.21%. The latest data showed that producer prices in Germany unexpectedly increased during August when compared to the previous month. Meanwhile, average residential property prices during the second quarter of the year rose by 1.3% compared to the previous quarter, which was the first quarter-on-quarter increase since 2022. Nonetheless, the price of residential property has still decreased by 2.6% on a year-on-year basis.

 

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.