MSE Equity Price Index drops 4.9% in 2024

 

The MSE Equity Price Index rose by 0.34% to close the year at 3,766.703 points. The Index declined by 4.9% this year. Trading on the Malta Stock Exchange resumes on Friday 3 January 2025. Download today’s Equity Market Summary.

Today’s most actively traded equity was Bank of Valletta plc which moved 0.6% higher to the €1.72 level across twelve deals amounting to 30,831 shares. BOV was the best performing equity of the year as it surged by 21.1% and also the most actively traded equity as €16.8 million worth of shares changed hands throughout 2024.

BOV’s insurance associate Mapfre Middlesea plc increased by 2.9% to the €1.40 level across six trades amounting to 1,297 shares.

Simonds Farsons Cisk plc gained 0.8% to the €6.70 level across three deals amounting to 3,025 shares.

Grand Harbour Marina plc surged by 15.8% to a one-year high of €1.10 over eight trades totalling 40,004 shares.

Trident Estates plc advanced by 8.7% to the €1.12 level on a single deal of 500 shares.

The preference shares of RS2 plc rebounded by 38% to the €0.69 level on negligible activity.

In contrast, the ordinary shares of RS2 plc shed 2.0% to the €0.49 level on one trade of 5,738 shares.

MaltaPost plc fell by 2.1% to the €0.47 level on one deal of 10,000 shares.

LifeStar Holding plc declined by 2.5% to the €0.39 level on muted activity.

Meanwhile, Malta International Airport plc traded flat at the €5.80 level as 740 shares changed hands.

HSBC Bank Malta plc held the €1.43 level on two trades amounting to 3,503 shares.

GO plc closed unchanged at the €2.64 level across eight deals totalling 4,955 shares, after recovering from an intraday low of €2.58 (-2.3%).

GO’s IT and digital infrastructure subsidiary BMIT Technologies plc held the €0.348 level on one trade of 11,490 shares.

APS Bank plc closed unchanged at the €0.56 level over six deals amounting to 19,650 shares.

The RF MGS Index decreased for the third consecutive session, as it fell by 0.05% to 914.286 points. Inflation in Spain during December is anticipated at 2.8% compared to the previous estimate of 2.6%, rising from 2.4% in the previous month. Furthermore, core inflation is expected to rise to a four-month high of 2.6% compared to 2.4% in November. Notably, the increase in headline inflation was also partially driven by volatile fuel prices which have increased compared to the decline experienced in December of last year.

 

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.