PG declares interim dividend

The MSE Equity Price Index decreased by 0.03% 3,780.541 points as the declines in GO, Mapfre Middlesea and PG outweighed the gains in Medserv and MIA. Meanwhile, six other equities closed unchanged as today’s total trading activity in local equities amounted to €0.11 million. Download today’s Equity Market Summary.

PG plc shed 0.5% to the €1.92 level across three deals totalling 7,043 shares. Today, the Board of Directors of PG plc resolved to distribute a net interim dividend of €0.025463 per share, unchanged when compared to the corresponding interim dividend paid out for the first half of the 2023/24 financial year. The interim dividend is payable on Friday 6 December 2024 to all shareholders as at close of tomorrow’s trading session.

Mapfre Middlesea plc declined by 4.4% to the €1.31 level on a single trade of 799 shares.

GO plc fell by 1.5% to the €2.70 level over two deals totalling 545 shares.

In contrast, MedservRegis plc gained by 1.9% to the €0.53 level across two trades amounting to 9,587 shares. Last week, MedservRegis issued an Interim Report providing information on their financial and business performance during the nine-month period ended 30 September 2024. The Medserv Group generated total revenue of €50.2 million which was practically unchanged compared to the corresponding period in 2023. EBITDA during the nine-month period amounted to €12.6 million which is 7.7% higher than the €11.7 million reported for the same period last year. The EBITDA margin for the first nine months of the year improved to 25.1% compared to 23.3% in the first three quarters of 2023.

Malta International Airport plc rose by 1.7% to the €5.90 level across four deals amounting to 5,271 shares.

APS Bank plc traded flat at the €0.55 level as 1,965 shares changed hands.

Also in the banking sector, Bank of Valletta plc closed unchanged at the €1.71 level over eight deals amounting to 29,837 shares.

A single trade of 10,000 shares left the share price of Malita Investments plc unchanged at the €0.505 level.

The ordinary shares of RS2 plc held the €0.48 level on one deal of 6,000 shares.

Main Street Complex plc and Plaza Centres plc closed unchanged at the €0.30 and €0.60 levels respectively on trivial volumes.

The RF MGS Index rose by 0.08% to an almost two-month high of 919.269 points as German and French 10-year bond yields hit a one-month low today. The ECB Vice-President Luis de Guindos commented that the ECB’s priorities have shifted to stimulating economic growth. In this respect, he anticipates that the ECB will continue its path of easing its monetary policy. Similarly in the US, Federal Reserve Bank of Minneapolis President Neel Kashkari also stated that he is open to cutting interest rates again during the next monetary policy meeting in December as he is confident that inflation is gently trending down.

 

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.