Lacklustre trading across local equities

The MSE Equity Price Index rose by 0.07% to 3,748.557 points driven by the gains in Lombard. Meanwhile, seven other equities closed unchanged as today’s trading activity was muted at around €80,000. Download today’s Equity Market Summary.

Lombard Bank Malta plc advanced by 3.1% to the €0.67 level on two deals amounting to 10,500 shares.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.88 level over nine trades totalling 25,430 shares.

Also in the banking sector, HSBC Bank Malta plc held the €1.41 level on a single deal of 987 shares.

A single trade of 8,000 shares left the share price of GO plc unchanged at the €2.56 level.

International Hotel Investments plc and Malta International Airport plc remained unchanged at the €0.438 and €5.95 levels respectively on trivial volumes.

Malita Investments plc held the €0.36 level on one trade of 2,000 shares.

Also in the property sector, VBL plc closed unchanged at the €0.18 level as 18,499 shares changed hands.

The RF MGS Index remained practically unchanged for the fourth consecutive session at 914.266 points. Yesterday, the Federal Reserve released the minutes from its October monetary policy meeting, revealing conflicting opinions among policymakers. Some members opined that policy measures should remain restrictive to tackle the persistent inflation, while others believe that the Fed should soften its stance in view of the slowing labour market. Elsewhere in the eurozone, construction output fell 0.3% year-over-year in September mainly due to a sharp drop in building activity, which highlights the fragile situation in some sectors of the economy.

 

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.