Muted activity across local equities

The MSE Equity Price Index remained virtually unchanged at 3,765.170 points as the gains in BMIT, HSBC, and M&Z were offset by declines in IHI and Malita. Meanwhile, five other equities closed unchanged as today’s total trading value in local equities was lacklustre at only €53,200. Download today’s Equity Market Summary.

A single trade of 30,000 shares pulled the share price of Malita Investments plc 1.9% lower to the €0.52 level.

International Hotel Investments plc extended yesterday’s decline as it fell by a further  1% to the €0.416 level as 13,441 shares changed hands.

In contrast, BMIT Technologies plc surged by 4.1% to the €0.358 level on one deal of 3,259 shares.

M&Z plc climbed 2.6% to the €0.595 level on a single trade of 2,340 shares.

HSBC Bank Malta plc advanced by 0.7% to the €1.47 level on muted activity.

Bank of Valletta plc closed unchanged at the €1.69 level as 6,469 shares changed hands.

Also in the banking sector, APS Bank plc held the €0.54 level on low volumes.

Hili Properties plc remained at the €0.22 level across volumes totalling 26,000 shares.

Malta International Airport plc traded flat at the €5.95 level across 1,873 shares.

GO plc held the €2.80 level on slim trading.

The RF MGS Index fell for the first time in five sessions as it shed 0.15% to 915.571 points. In Italy, manufacturing confidence levels were surveyed to be at the lowest level in nearly four years in September 2024, with activity mainly impacted by a drop in new orders and lower demand from foreign markets. Elsewhere in the US, the number of people claiming unemployment benefits fell to a new four-month low by the end of last week, highlighting the resilience of the US labour market.

 

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.