MSE Equity Price Index registers 3-day positive streak

The MSE Equity Price Index climbed by a further 0.54% to 3,790.426 points reflecting the gains in APS, GO, Mapfre Middlesea, PG, and Farsons. Meanwhile, eight other equities closed unchanged. Notably, no equities closed in negative territory. Download today’s Equity Market Summary.

GO plc rebounded by 1.4% back to the €2.80 level across six deals totalling 16,435 shares. Last Friday, GO announced that it is currently in discussions for the possible acquisition of all the shares of Klikk Finance plc.

Simonds Farsons Cisk plc advanced by a further 0.7% to the €6.75 level on a single deal of 1,000 shares. Last week, Farsons published the interim results for the six-month period ended on 31 July 2024. Revenue increased by 7% to a record at interim stage of just under €70 million. Operating profit surged by 15.8% to €10.1 million reflecting an improvement in margins across both the food and beverage business lines. The net profits for the period reached a record of €8.83 million. The Board of Directors resolved to distribute a net interim dividend of €0.06 per share, which is 20% higher than last year’s interim dividend. The dividend will be paid on Wednesday 16 October 2024 to shareholders as at close of today’s trading.

A single trade of 1,000 shares pushed the share price of PG plc 1.1% higher to the €1.90 level. Yesterday, PG published the agenda for the Annal General Meeting that is scheduled to be held on Monday 28 October 2024.

Mapfre Middlesea plc surged by 7.3% to the €1.33 level across two deals totalling 3,987 shares.

APS Bank plc climbed by 3.7% to the €0.56 level as 10,533 shares changed hands.

Also in the local retail banking sector, HSBC Bank Malta plc (3,680 shares) and Bank of Valletta plc (12,219 shares) closed unchanged at the €1.48 and €1.69 levels respectively.

Likewise, Lombard Bank Malta plc held the €0.85 level on trivial volumes.

Hili Properties plc closed unchanged at the €0.224 level across six deals totalling 46,150 shares.

The ordinary shares of RS2 plc also closed unchanged at the €0.54 level as 13,995 shares changed hands.

BMIT Technologies plc remained at the €0.344 level on a single deal of 3,946 shares.

Malta International Airport plc held the €6.00 level on low volumes.

Tigné Mall plc held the €1.00 level on one trade of 2,595 shares.

The RF MGS Index shed 0.17% to 917.231 points as eurozone sovereign bond yields started the week higher. Nonetheless, yields moved lower during the day following weaker than expected inflation preliminary data from Germany for the month of September. The annual inflation rate in the largest economy of the euro area is expected to have fallen to 1.8%, lower than expectations.

 

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.