Thin trading volumes across multiple equities

The MSE Equity Price Index snapped a four-day losing streak as it rose by 0.12% to 3,779.323 points as the gains in HSBC, IHI, MaltaPost, and Trident outweighed the declines in APS, MIA, Mapfre Middlesea, Malta Properties Company, Farsons, and the ordinary shares of RS2. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.16 million. Download today’s Equity Market Summary.

HSBC Bank Malta plc rose by 2.1% to the €1.44 level across nine deals totalling 25,773 shares.

International Hotel Investments plc rebounded by 4.0% to the €0.42 level over four trades amounting to 10,174 shares.

MaltaPost plc moved 5.0% higher to the €0.42 level on one trade of 9,250 shares.

Trident Estates plc increased by 5.7% to the €1.12 level on trivial volumes. Trident is expected to publish the results for the financial year ended 31 January 2025 on Thursday 29 May.

On the other hand, APS Bank plc shed 2.7% to the €0.545 level over eight deals amounting to 20,087 shares.

The ordinary shares of RS2 plc slumped by 4.8% to the €0.40 level across three trades totalling 4,289 shares.

Simonds Farsons Cisk plc fell by 0.8% to the €5.95 level on two deals amounting to 383 shares. Farsons is expected to publish the results for the financial year ended 31 January 2025 on Wednesday 28 May.

Also among large companies by market value, Malta International Airport plc decreased by 0.8% to the €5.95 level over two trades totalling 2,000 shares.

Mapfre Middlesea plc moved 2.1% lower to the €1.42 level on two trades totalling 1,806 shares.

Malta Properties Company plc fell by 3.2% to the €0.30 level on trivial volumes. MPC is holding its AGM on Wednesday 28 May.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.99 level across twelve deals totalling 25,819 shares. BOV is holding its AGM on Thursday 29 May.

Also in the banking sector, FIMBank plc held the USD0.12 level on one trade of 1,700 shares.

PG plc traded flat at the €1.85 level as 975 shares changed hands.

AX Real Estate plc closed unchanged at the €0.40 level over five trades amounting to 26,250 shares, albeit most of the trades took place at the €0.36 (-10%) level.

GO plc closed unchanged at the €2.60 level across three deals amounting to 2,054 shares.

Hili Properties plc held the €0.24 level over four trades totalling 63,101 shares.

The RF MGS Index rose by 0.06% to 913.903 points. Yesterday, US President Donald Trump announced that he will not impose the 50% tariff that he threatened to place on the EU on 1 June. Trump specified that deadline to strike a deal will be pushed back to 9 July, the date which was officially agreed upon last April. Consequently, the flight to European sovereign bonds seen last Friday afternoon practically reversed. Meanwhile, during a speech last Friday, ECB Chief Economist Philip Lane state that he anticipates that services inflation will slow as wage contracts are having low settlements. Mr Lane elaborated that a reduction in services inflation will play an important role in reducing headline inflation back to the target of 2%.

 

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