Daily Review 24.01.2025
MSE Equity Price Index snaps 4-day losing streak
The MSE Equity Price Index rose by 0.70% to 3,735.002 points as the gains APS, HSBC, IHI, Mapfre Middlesea, PG and the ordinary shares of RS2 outweighed the declines in MIA and Trident. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.19 million. Download today’s Equity Market Summary.
HSBC Bank Malta plc rose by 2.9% to the €1.40 level on a single deal of 658 shares.
Also in the banking sector, APS Bank plc gained 0.9% to the €0.565 level on one trade of 10,000 shares.
PG plc increased by 0.5% to the €1.85 over three trades amounting to 2,000 shares.
A single deal of 1,000 shares pushed the share price of Mapfre Middlesea plc 2.9% higher to the €1.40 level.
International Hotel Investments plc moved 2.4% higher to the €0.426 on muted activity.
The ordinary shares of RS2 plc recovered yesterday’s losses as it rebounded by 8.7% to the €0.50 level, albeit on trivial volumes.
On the other hand, Malta International Airport plc shed 0.8% to the €6.15 on two deals amounting to 2,500 shares.
Trident Estates plc fell by 1.8% to the €1.1 level on two trades totalling 900 shares.
Meanwhile, Bank of Valletta plc closed unchanged at the €1.72 level over fifteen deals amounting to 90,859 shares.
Computime Holdings plc held the €0.45 level on one deal of 690 shares.
GO plc traded flat at the €2.60 level as 1,308 shares changed hands.
Malta Properties Company plc held the 0.36 level on one trade of 10,000 shares.
The RF MGS Index eased by 0.16% to 908.855 points as sovereign bond yields in the euro area moved higher. The expectations for private sector activity in the euro area during January were revised to incorporate slight growth compared to previous forecasts of a decline. The improvement was attributed to the manufacturing sector. Meanwhile in the US, growth in the private sector economy in January is expected to slow from the three year-high seen last December, as the forecasts for the expansion of the services sector were revised lower.
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.