RS2 receives principal issuing member status in Europe

The MSE Equity Price Index rose by 1.44% to reach a two-month high of 3,802.570 points driven by the gains in eight equities. Meanwhile, Malta International Airport plc held the €5.95 level over trivial volumes. Download today’s Equity Market Summary.

The ordinary shares of RS2 plc surged by 39.2% to the €0.348 level across ten deals amounting to 113,357 shares. The volume weighted average price of the day stood at €0.294 (+15.1%). The preference shares of RS2 plc advanced by 11.1% to the €0.30 level albeit on a single deal of 33,750 shares. Following yesterday’s close of trading, RS2 announced that its subsidiary RS2 Financial Services GmbH has become a Principal Issuing Member of Visa and Mastercard in Europe, allowing the company to directly issue Visa and Mastercard cards and to launch and manage payment card programs.

Bank of Valletta plc moved 1.1% higher to the €1.90 level over nineteen deals totalling 100,628 shares.

Also in the banking sector, APS Bank plc increased by 1.0% to the €0.525 level over four trades totalling 11,551 shares.

Mapfre Middlesea plc advanced by 5.9% to the €1.43 level over four deals totalling 22,180 shares.

A single trade of 3,000 shares pushed the share price of VBL plc 2.2% higher to the €0.184 level.

Malita Investments plc (+15.6%) and Hili Properties plc (+9.1%) increased to the €0.416 and €0.24 levels respectively on muted activity.

The RF MGS Index was virtually unchanged for the fifth consecutive session at 914.593 points. Eurozone business activity continued to show a slow but steady expansion in November, primarily driven by growth in the services sector. Meanwhile, the manufacturing sector weakened amid softer demand and a slowdown in employment.

 

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.