The MSE Equity Price Index fell by 0.4% to 3,970.3 points as the declines in IHI, Malita, Malta Properties Company, M&Z and GO outweighed the gains in BOV and Hili Properties. Meanwhile, five other equities closed unchanged as today’s total trading activity amounted to around €50,000.
GO plc shed 0.8% to the €2.44 level across four trades totalling 2,095 shares.
Malta Properties Company plc fell by 4.2% to the €0.364 level across two trades totalling 3,000 shares.
Malita Investments plc shed 6.2% to the €0.366 level across two deals amounting to 31,200 shares.
International Hotel Investments plc slumped by 8.0% to the €0.46 level across two trades totalling 565 shares.
M&Z plc declined by 3.3% to the €0.58 level on muted activity.
On the other hand, Bank of Valletta plc rose by 1.0% to the €2.06 level across five trades totalling 8,633 shares.
Hili Properties plc gained 0.7% to the €0.272 level on one deal of 2,000 shares.
Meanwhile, APS Bank plc traded flat at the €0.57 level across thirteen deals amounting to 14,490 shares.
AX Real Estate plc held the €0.49 level on a single trade of 4,000 shares.
Malta International Airport plc stayed at the €6.15 level across two deals amounting to 795 shares.
Mapfre Middlesea plc remained at the €1.35 level on muted activity.
The ordinary shares of RS2 plc closed unchanged at the €0.25 level over trivial volumes.
The RF MGS Index fell by 0.41% to 893.06 points as sovereign bond yields remained elevated on the backdrop of inflationary pressures. Furthermore, the US labour market showed signs of a resilient economy. Data published today showed that the US economy added 172,000 jobs in May which was well above the projected figure of 85,000. Furthermore, there were upward revisions to March and April data implying employment levels higher than previously reported. Following the release, the US treasury 10-year yield spiked to a two-week high of 4.5%.
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.
