Year-to-date trading in BOV surpasses €10 million

The MSE Equity Price Index fell by 0.08% to 3,803.237 points as the declines in BOV, HSBC, and the ordinary shares of RS2 outweighed the gains in APS, MIA, Malita, Main Street Complex and Trident. Meanwhile, Hili Properties plc held the €0.24 level on a single deal of 9,000 shares. Download today’s Equity Market Summary

Bank of Valletta plc decreased by 1.1% to the €1.85 level across thirty-two trades amounting to 109,643 shares having a market value of €0.20 million and representing the majority of today’s trading in local equities. Since the start of the year, more than €10 million worth of BOV shares changed hands.

Also in the banking sector, HSBC Bank Malta plc declined by 1.4% to the €1.36 level over seven trades totalling 28,967 shares.

The ordinary shares of RS2 plc plunged by 7.9% to an almost three-month low of €0.35 level across three deals amounting to 11,768 shares.

On the other hand, APS Bank plc surged by 5.6% to the €0.57 over thirteen trades totalling 48,577 shares.

Malta International Airport plc moved 0.8% higher to the €5.95 level over four deals amounting to 1,582 shares.

Malita Investments plc rose by 5.2% to the €0.486 level on two trades totalling 10,263 shares.

Also in the property sector, Main Street Complex plc increased by 4.3% to the €0.24 level across four trades totalling 31,467 shares.

Trident Estates plc advanced by 5.8% to the €1.09 level over trivial volumes.

The RF MGS Index fell by 0.14% to 916.390 points. An economic update published by the Central Bank of Malta showed that in April, Malta’s unemployment rate reached a new historic low of 2.7%, compared with 2.8% in the previous month and 3.3% in April 2024. Malta’s inflation rate climbed to 2.7% in May, compared with 2.6% in April. In the US, core personal consumption expenditure (‘PCE’) prices unexpectedly rose to 2.7% in May, compared to expectations for the rate to remain unchanged at 2.6% from the previous month. Meanwhile, headline PCE inflation increased to 2.3% from 2.2% in April, in line with projections.

 

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.