Daily Review 28.10.2024

Notable activity across Mapfre Middlesea shares

 

The MSE Equity Price Index decreased by 0.28% to 3,814.530 points as the declines in six equities outweighed the gain in BOV. Meanwhile, six other equities closed unchanged as today’s trading activity in local equities amounted to €0.25 million. Download today’s Equity Market Summary.

Mapfre Middlesea plc was today’s most actively traded equity accounting for around half the value traded in local equities. Mapfre Middlesea closed unchanged at the €1.30 level after failing to hold to an intraday high of €1.37 (+5.4%) across six deals amounting to 103,502 shares.

GO plc traded flat at the €2.70 as 11,502 shares changed hands.

MaltaPost plc remained unchanged at the €0.452 level on two trades totalling 10,000 shares.

Tigné Mall plc held the €1.00 level on one trade of 2,000 shares.

APS Bank plc and International Hotel Investments plc closed unchanged at the €0.56 and €0.49 levels respectively on muted activity.

Bank of Valletta plc gained 0.6% to the €1.76 level over four deals amounting to 20,342 shares. BOV will be publishing its Interim Directors’ Statement for the period January to September 2024 on Thursday 31 October 2024.

Harvest Technology plc shed 5.2% to the €0.92 level over four equities amounting to 15,850 shares.

Malta International Airport plc moved 1.7% lower to the €5.90 level over 1,240 shares.

Malta Properties plc slumped by 8.3% to the €0.332 level on a single deal of 5,469 shares.

Simonds Farsons Cisk plc decreased by 0.7% to the €6.70 level over three trades totalling 488 shares.

A single deal of 20,000 shares pulled the share price of the ordinary shares of RS2 plc 3.8% lower to the €0.50 level.

Main Street Complex plc fell by 2.4% to the €0.32 level over trivial volumes.

The RF MGS Index snapped a three-day winning streak as it fell by 0.39% to 913.411 points.  Euro area sovereign bond yields were very volatile with the German 10-year bund yield ranging between 2.26% and 2.35%. In the US, concerns about a potential trade war increased amid a larger probability of a Republican win. Meanwhile, although tensions in the Middle East continued to increase, observers noted that the energy supplies are not being impacted, and consequently the price of oil fell to a one-month low of USD68.

 

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.