GHM climbs to one-year high on healthy volumes

The MSE Equity Price Index shed 0.35% to 3,754.1123 points as the declines in six equities outweighed the gains in PG and Grand Harbour Marina. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.15 million. Download today’s Equity Market Summary.

Grand Harbour Marina plc was today’s most actively traded equity as it rose by 2.2% to a one-year high of €0.95 across five deals totalling 99,995 shares.

PG plc advanced by 2.8% to the €1.86 level across three deals amounting to 2,600 shares.

On the other hand, HSBC Bank Malta plc moved 0.7% lower to the €1.43 level over five deals totalling 12,000 shares.

Also in the banking sector, Bank of Valletta plc shed 0.6% to the €1.71 level across five trades amounting to 8,964 shares.

BOV’s insurance associate Mapfre Middlesea plc decreased by 2.9% to the €1.36 level on a single deal of 1,800 shares.

A single trade of 5,000 pulled the share price of Plaza Centres plc 3.2% lower to the €0.60 level.

VBL plc declined by 3.1% to the €0.19 level on one trade of 6,850 shares.

GO plc fell by 2.2% to the €2.64 level on trivial volumes.

Meanwhile, Simonds Farsons Cisk plc traded flat at the €6.65 level as 1,191 shares changed hands.

APS Bank plc held the €0.56 level on one deal of 1,786 shares.

MaltaPost plc traded flat at the €0.48 level across two deals totalling 5,550 shares. Last week, MaltaPost published its Annual Financial Statements for the year ended 30 September 2024 in which the company reported a record EBITDA of €7.0 million and a record net profit attributable to shareholders of €2.90 million. The Directors increased the final net dividend by 20% to €0.024 per share. The dividend will be paid on Thursday 20 March 2025 to all shareholders as at close of trading on Friday 17 January 2025 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 20 February 2025.

Malta Properties Company plc closed unchanged at the €0.36 level on muted activity.

The RF MGS Index fell by 0.27% to a one-month low of 914.739 points as long-term sovereign bond yields in the euro area continued to surge throughout the whole month of December. In particular, the German 10-year bund yield rose by nearly 40 basis points to 2.4% compared to almost 2.0% at the start of December. The yield curve also steepened as the short-dated yields fell during the same period. Likewise in the US, the 10-year treasury yield rose above 4.60% which was the highest since last May, with data continuing to show the underlying strength of the US economy and its 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.