Notable trading activity across MIDI

The MSE Equity Price Index climbed by 0.33% to 3,799.812 points reflecting the gains in HSBC and MIDI. Meanwhile, BOV and MIA closed unchanged as today’s total trading volume in local equities amounted to €0.12 million. Download today’s Equity Market Highlights.

The trading value across the shares of MIDI plc accounted for 60% of today’s total value traded in equities as the share price surged by 7.8% to the €0.25 level. A total of 300,000 shares changed hands.

Today’s other positive performer was HSBC Bank Malta plc as the share price advanced by 2.1% to the €1.48 level on volumes totalling 15,870 shares.

Malta International Airport plc traded flat at the €6.00 level across 3,118 shares.

Bank of Valletta plc closed unchanged at the €1.69 level across four deals totalling 4,513 shares.

The RF MGS Index extended last Friday’s gains as it advanced by a further 0.12% to 913.750 points. The German and French business activity datasets showed weakening trends for both eurozone major economies. The September surveys in France signalled a reduction in cost pressures, with input prices rising at the slowest pace in nearly four years. Meanwhile in Germany, analysts are expecting a technical recession as the GDP for the current quarter is expected to decline by 0.2% compared to the previous quarter, which was already 0.1% lower than the quarter before.

 

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.