Six equities push MSE Equity Price Index higher

 

The MSE Equity Price Index rose by 0.48% to 3,767.150 points as the gains in AX Real Estate, BMIT, BOV, GO, Malita, and Farsons outweighed the decline in IHI. Meanwhile three other equities closed unchanged but trading activity in local equities was muted at under €40,000. Trading on the Malta Stock Exchange will resume on Friday 27 December. Download today’s Equity Market Summary.

Bank of Valletta plc moved 1.2% higher to the €1.72 level across eight trades amounting to 7,295 shares.

Also among large companies by market value, GO plc increased by 2.3% to the €2.70 level over three deals amounting to 3,260 shares.

GO’s IT and data infrastructure subsidiary BMIT Technologies plc advanced by 0.6% on a single trade of 14,280 shares.

A single trade of 484 shares pushed the share price of AX Real Estate plc 0.5% higher to the €0.42 level.

Also in the property sector, Malita Investments plc rebounded by 6.0% to the €0.53 level across three deals totalling 3,100 shares.

Simonds Farsons Cisk plc gained 0.8% to the €6.65 level over trivial volumes.

On the other hand, International Hotel Investments plc shed 1.7% to the €0.46 level after partially recovering from an intraday low of €0.412 (-12%) across three trades totalling 3,750 shares.

Meanwhile, MaltaPost plc held the €0.48 level on a single deal of 10,000 shares.

The ordinary shares of RS2 plc closed unchanged at the €0.50 level after recovering from an intraday low of €0.49 (-2%) across four deals amounting to 6,364 shares.

Lombard Bank Malta plc held the €0.79 level as 1,000 shares changed hands.

Today, Santumas Shareholdings plc published its interim financial statements for the six-month period ended 31 October 2024. Investment income rose to a record (at the interim stage) €0.53 million compared to the €0.19 million figure generated in the comparable period last year driven by the higher income from dividends and concession rights. Santumas Shareholdings also registered a €0.51 million increase in fair value of its financial assets, which is more than double the increase of €0.23 million in the comparable six-month period last year. Overall, Santumas Shareholdings reported a pre-tax profit of €0.96 million. After accounting for a tax charge of €0.11 million, the company posted a net profit of €0.85 million compared to the net profit of €0.27 million recorded in the six months ended 31 October 2024. The net asset value per share per share as at 31 October 2024 stood at €1.832 (30 April 2024: €1.746).

The RF MGS Index moved 0.04% lower as sovereign bond yields in the euro area continued to increase. In particular, the German 10-year bund yield rose to a one-month high of 2.32%. Today, ECB President Christine Lagarde reiterated that the fight against inflation was not over since services inflation remained resilient.

 

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.