Daily Review 23.12.2024

MedservRegis rebounds on consideration of dividend


The MSE Equity Price Index rose by 0.36% to 3,775.756 points as the gains in MedservRegis, BOV, HSBC, and Trident outweighed the declines in GO, BMIT, Convenience Shop, and Harvest. Meanwhile, five other equities closed unchanged as the total trading activity in local equities amounted to €0.11 million. Download today’s Equity Market Summary.

MedservRegis plc accounted for about half of today’s trading activity as it surged by 19.4% to an almost one-year high of €0.74 across thirteen trades comprising 85,000 shares. MedservRegis announced that its Board of Directors is scheduled to meet this Thursday 25 January 2024 to consider the distribution of a dividend.

Bank of Valletta plc moved 1.5% higher to the €1.32 level across four deals totalling 9,635 shares.

Also in the banking sector, HSBC Bank Malta plc advanced by 0.8% to the €1.27 level on muted activity.

Similarly, Trident Estates plc rose by 0.8% to the €1.21 level over trivial volumes.

On the other hand, GO plc shed 0.6% to the €3.16 level on a single trade of 1,000 shares.

A single trade of 13,000 shares of BMIT Technologies plc saw the equity retreated by 3.5% to a two-week low of €0.386.

The Convenience Shop (Holding) plc plummeted by 19.0% to an all-time low of €0.85 across two deals amounting to 2,841 shares.

Harvest Technology plc slumped by 4.7% to the €0.71 level across two deals totalling 8,000 shares.

Meanwhile, Malta International Airport plc held the €5.60 level on one trade of 634 shares.

Likewise, Tigné Mall plc closed unchanged at the €0.82 level on a single trade of 19,000 shares and Plaza Centres plc held on to the €0.60 level on a deal of 1,800 shares.

APS Bank plc traded flat at the €0.55 level as 12,640 shares changed hands.

FIMBank plc also closed unchanged at the USD0.20 level over two trades totalling 6,777 shares.

The RF MGS Index fell by 0.17% to 890.105 points as the 10-year German Bund yield moved above the 2.30% level. The rebound reflects fading hopes of a rate cut during the European Central Bank’s first policy meeting of the year, scheduled for this Thursday.