BOV tops trading activity for eight consecutive sessions

 

The MSE Equity Price Index increased by 0.33% to 3,825.051 points as the gains in BOV, HSBC, PG, Mapfre Middlesea and Malta Properties outweighed the declines in APS, GO, MIA, MaltaPost, and Farsons. Meanwhile, three other equites closed unchanged as today’s trading activity in local equities totalled €0.33 million. Download today’s Equity Market Summary.

Bank of Valletta plc rose by 1.7% to reach the €1.79 level, the highest level in seven years. A total of 105,310 shares changed hands having a market value of €0.18 million

Also in the banking sector, HSBC Bank Malta plc gained 1.4% to the €1.40 level over four trades totalling 17,054 shares.

Mapfre Middlesea plc advanced by 1.6% to the €1.24 level on two deals amounting to 6,580 shares.

PG plc gained 1.6% to the €1.92 level on two deals totalling 3,500 shares.

Malta Properties Company plc moved 1.2% higher to the €0.344 across two deals amounting to 11,450 shares.

On the other hand, Malta International Airport plc decreased by 0.8% to the €5.95 level over seven deals totalling 6,406 shares.

APS Bank plc shed 1.8% to the €0.55 level on a single deal of 5,756 shares.

GO plc fell by 1.5% to the €2.70 level across three deals totalling 7,705 shares.

MaltaPost plc slumped by 4.3% to the €0.45 level on one trade of 6,227 shares.

Simonds Farsons Cisk plc declined by 0.7% to the €6.75 level across three deals amounting to 592 shares.

Hili Properties plc traded flat at the €0.23 level as 125,100 shares changed hands.

Also in the property sector, MIDI plc and VBL plc both closed unchanged at the €0.25 and €0.226 levels respectively over trivial volumes.

The RF MGS Index reversed some of yesterday’s losses as it gained 0.05% to 913.515 points. Over the past week, some ECB Board members have expressed concerns about undershooting the inflation target as well as the economic stagnation. During an interview today, Portuguese ECB Governing council member Mario Centeno stated that he foresees more risks in undershooting the inflation target and a 50 basis point interest rate cut could be up for discussion for the next meeting. On the same lines, French policymaker Francois de Villeroy said that inflation could sustainably reach the 2% target earlier anticipated. Furthermore, he argued that he does not foresee a clear catalyst to stimulate the euro area economy after the inflation target is reached.

 

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.