Thin trading across 15 equities

The MSE Equity Price Index fell by 0.23% to 3,793.912 points as the declines in BOV, BMIT, GO, MIA, MPC, and Main Street outweighed the gains in Computime, HSBC, IHI, Quinco and VBL. Meanwhile four other equities closed unchanged but overall trading value was muted at around €84,000. Download today’s Equity Market Summary.

Bank of Valletta plc eased by 0.5% to the €1.89 level across ten deals totalling 13,538 shares. Today, BOV announced that last week it bought 84,029 of its own shares at a weighted average price of €1.906.

Also among the large companies by market capitalisation, Malta International Airport plc declined by 0.8% to the €5.90 level on two trades totalling 1,831 shares. Today, MIA announced that last week it bought 1,640 of its own shares at a weighted average price of €5.92.

BMIT Technologies plc plunged by 6.9% to an all-time low of €0.27 on one deal of 6,667 shares.

BMIT’s parent company GO plc fell by 2.3% to the €2.50 level on a single trade of 1,886 shares.

Main Street Complex plc shed 10.7% to the €0.20 level across volumes totalling 4,301 shares.

Malta Properties Company plc eased by 0.6% to the €0.328 level across three deals totalling 3,316 shares.

APS Bank plc stayed at the €0.525 level across volumes of 3,400 shares.

FIMBank plc (USD0.18), Hili Properties plc (€0.24) and M&Z plc (€0.60) also closed unchanged on muted activity.

Quinco Holdings plc closed the session 15% higher at €1.15, although the vast majority of the 20,779 shares that traded were exchanged at the previous closing price of €1.00.

International Hotel Investments plc advanced by 0.5% to the €0.44 level across four deals totalling 11,589 shares.

Computime Holdings plc climbed by 1.8% to the €0.45 level on two deals totalling 11,100 shares.

HSBC Bank Malta plc increased by 0.7% to the €1.42 level on muted activity.

A single trade of 2,000 shares pushed the share price of VBL plc 1.1% higher to the €0.186 level.

The RF MGS Index declined by 0.33% to 911.543 points as the Central Bank of Malta lowered its bid prices, which translated in a steeper yield curve despite that other euro area sovereign bond yields were stable. Data published today showed that the German business sentiment weakened in November, driven by deteriorating sentiment among manufacturers, traders, and retailers.

 

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.