Daily Review 24.10.2024

MSE Equity Price Index reaches 7-week high

 

The MSE Equity Price Index increased by 0.08% to 3,828.066 points, the highest level since early September. The gains in seven equities outweighed the declines in BOV, Hili Properties and VBL while, five other equites closed unchanged. Trading activity in local equities amounted to €0.40 million. Download today’s Equity Market Summary.

Malta International Airport plc moved 0.8% higher to the €6.00 level across four deals amounting to 9,266 shares.

APS Bank plc gained 1.8% to the €0.56 level over eight trades amounting to 27,300 shares.

Also in the banking sector, a single trade of 2,110 shares pushed the share price of HSBC Bank Malta plc 1.4% higher to the €1.42 level.

Malta Properties Company plc rose by 5.2% to the €0.362 level on one deal of 7,000 shares.

Also in the property sector, AX Real Estate plc advanced by 2.5% to the €0.416 level on two trades amounting to 15,000 shares.

BMIT Technologies plc surged by 5.9% to the €0.36 level across four trades totalling 17,960 shares.

Mapfre Middlesea plc rebounded by 7.3% to the €1.33 level on a single trade of 4,740 shares.

Bank of Valletta plc closed 1.7% lower at €1.76 after failing to hold onto an intraday high of €1.80 (+0.6%) across fifteen trades amounting to 82,834 shares.

Hili Properties plc fell by 1.7% to the €0.226 level over three deals amounting to 107,326 shares.

Also in the property sector, VBL plc slumped by 13.7% to the €0.195 level as 19,800 shares changed hands.

GO plc closed unchanged at the €2.70 level across eight deals totalling 27,900 shares.

PG plc traded flat at the €1.92 level as 15,500 shares changed hands.

MIDI plc closed unchanged at the €0.25 level over two trades amounting to 30,000 shares.

Both MedservRegis plc (12,500 shares) and M&Z plc (20,000 shares) also closed unchanged at the €0.45 and €0.58 levels respectively.

The RF MGS Index rose by 0.31% to 916.304 points. Data released today showed that the private sector in the euro area declined by more than expected, backing the recent narrative of a sluggish economy in the single currency bloc. Notably, the services sector grew less than expected but the decline in manufacturing was also lower than expected. Elsewhere in the US, the private sector activity grew by more than anticipated driven by the services sector.

 

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.