BOV closes unchanged at €1.69 for seventh consecutive session

The MSE Equity Price Index reversed most of yesterday’s gains as it fell by 0.26% to 3,789.841 points. The declines in six equities outweighed the gains in GO, IHI, and Farsons. Meanwhile, BOV, MIA, and AX Real Estate closed unchanged as today’s total trading value in local equities amounted to €0.15 million. Download today’s Equity Market Summary.

Bank of Valletta plc was by far the most actively traded equity accounting for over 70% of the total value traded. BOV continued to trade in a tight range and closed unchanged at the €1.69 level as 62,444 shares exchanged hands.

Malta International Airport plc traded flat at the €6.00 level across 665 shares.

Likewise, a singe trade of 9,000 shares left AX Real Estate plc at the €0.45 level.

APS Bank plc shed 3.5% to the €0.545 level across nine deals totalling 21,611 shares.

Also in the retail banking sector, HSBC Bank Malta plc dropped by 1.4% to the €1.46 level on one trade of 1,976 shares.

In the property sector, Malita Investments plc (-1.9%) and Main Street Complex plc (0.6%) also trended lower to the €0.53 and €0.328 levels respectively.

M&Z plc fell by 2.5% to the €0.58 level on a single deal of 6,160 shares.

Mapfre Middlesea plc plummeted by 6.1% to the €1.24 level, albeit on trivial volumes.

In contrast, GO plc advanced by 3.6% to the €2.90 level across 1,100 shares.

International Hotel Investments plc moved 0.5% higher to the €0.424 level as 3,000 shares changed hands.

Simonds Farsons Cisk plc climbed 0.7% higher to the €6.80 level on two deals totalling 1,000 shares. Tomorrow, Farsons is expected to publish the interim results for the six-month period ended on 31 July 2024.

The RF MGS Index gained a further 0.09% to 914.676 points. Eurozone sovereign bond yields extended their downward trend with the German 10-year bund yield moving below the 2.15% level. German business morale was reported to have reached the lowest level in eight months during September. Meanwhile in China, new support measures were introduced as economic growth remains weak and may not reach the targeted level of 5%.

 

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.