MSE Equity Price Index falls for the second consecutive session

 

The MSE Equity Price Index dropped by 0.19% to 3,770.871 points as the declines in BOV, MIA and APS outweighed the gains in GO and VBL. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to €0.21 million. Download today’s Equity Market Summary.

Bank of Valletta plc was the most actively traded equity for the sixth consecutive session as it eased by 1.1% to the €1.72 level across ten deals totalling 47,826 shares.

Also in the banking sector, APS Bank plc fell by 1.8% to the €0.56 level on trivial volumes.

Malta International Airport plc decreased by 0.8% to the €5.90 level across six deals amounting to 8,219 shares.

On the other hand, GO plc gained 1.5% to the €2.74 level, after recovering from an intraday low of €2.60 (-3.8%) across nineteen deals amounting to 14,149 shares.

VBL plc surged by 14% to the €0.228 level on a single trade of 4,450 shares.

PG plc held the €1.89 level on a single trade of 3,000 shares.

International Hotel Investments plc traded flat at the €0.45 level across three deals totalling 42,800 shares.

BMIT Technologies plc closed unchanged at the €0.352 level on two trades amounting to 3,100 shares.

HSBC Bank Malta plc also closed unchanged at the €1.36 level over eight trades totalling 7,063 shares.

Malta Properties Company plc held the €0.346 level over trivial volumes.

The RF MGS Index increased for the fifth successive session as it rose by a further 0.13% to a fresh three-week high of 919.246 points. Eurozone sovereign bond yields were very volatile today amid uncertainties related to inflation levels. Fresh data showed that German producer prices dropped further in September, but today’s crude oil futures rebounded from last week’s lows following concerns of restricted supplies from the Middle East. Meanwhile in the US, the 10-year treasury yield climbed to an almost three-month high of around 4.15%, driven by improved sentiment about the resilience of the US economy. Atlanta Federal Reserve President Raphael Bostic stated that rates have not been restrictive for long enough and that priority should be given to reducing inflation back to the target rate of 2%.

 

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.