MSE Equity Price Index falls to one-month low

 

The MSE Equity Price Index declined by 0.15% to a one-month low of 3,789.200 points as the declines in BMIT, BOV, IHI, and Malita outweighed the gains in PG and Grand Harbour Marina. Meanwhile, three other equities closed unchanged. Download today’s Equity Market Summary.

BMIT Technologies plc slumped by 4.0% to the €0.332 level across three trades amounting to 18,184 shares.

Bank of Valletta plc shed 0.6% to the €1.71 level over three deals totalling 17,147 shares.

Malita Investments plc declined by 1.0% to the €0.50 level as 12,000 shares changed hands.

International Hotel Investments plc moved 0.8% lower to the €0.486 level over trivial volumes.

In contrast, PG plc gained 2.1% to the €1.93 level on a single deal of 420 shares.

Grand Harbour Marina plc surged by 7.6% to an almost one-year high of €0.925 level over four trades amounting to 4,400 shares.

Malta International Airport plc traded flat at the €5.90 level as 2,024 shares changed hands.

APS Bank plc closed unchanged at the €0.55 level across seven deals amounting to 36,837 shares.

Malta Properties Company plc closed unchanged at the €0.344 level on two deals totalling 16,025 shares.

The RF MGS Index reversed yesterday’s gains as fell by 0.27% to 912.759 points. Yields in the eurozone increased amidst worries that inflation may be stickier than anticipated. In fact, data released today showed that German producer prices are declining by a slower pace while euro area wage growth increased by a multi-year high of 5.4% in the third quarter of 2024. Elsewhere, inflation in the UK during October was revised higher to 2.3% from 2.2%, and considerably higher than the 1.7% level of the previous month. Furthermore, core inflation also unexpectedly rose to 3.3% from 3.2% in the previous month.

 

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.