The MSE Equity Price Index rose by 0.9% to 4,132.8 points as the gains in Mapfre Middlesea, Malta Properties, Malita, PG, AX Real Estate, Lombard, APS, BOV, BMIT and GO outweighed the declines in Harvest and MaltaPost. Meanwhile, four other equities closed unchanged as today’s total trading activity reached a two-week high of €0.43 million.
Bank of Valletta plc advanced by 1.0% to a one-month high of €2.07 level across ten deals amounting to 54,854 shares.
BOV’s insurance associate Mapfre Middlesea plc surged by 11.1% to the €1.50 level albeit over trivial volumes.
Lombard Bank Malta plc gained 2.1% to the €0.73 level across two deals amounting to 1,400 shares.
Also in the banking sector, APS Bank plc rose by 1.8% to the €0.58 level across eight trades totalling 17,840 shares.
Malta Properties Company plc advanced by 5.3% to the €0.40 level across ten deals amounting to 78,167 shares.
Also in the property sector, Malita Investments plc gained 3.5% to the €0.414 level across four trades totalling 32,219 shares.
PG plc rose by 3.1% to the €1.65 level as 1,050 shares changed hands.
AX Real Estate plc advanced by 2.1% to the €0.49 level across three trades totalling 6,000 shares.
BMIT Technologies plc increased by 1.5% to the €0.264 level on volumes of 233,617 shares.
BMIT’s parent company GO plc gained 0.8% to the €2.50 level as 1,500 shares changed hands.
On the other hand, Harvest Technology plc declined by 10.7% to the €1.00 level on one deal amounting to 2,000 shares.
MaltaPost plc shed 0.4% to the €0.466 level on a single trade of 9,500 shares.
Meanwhile, Hili Properties plc traded flat at the €0.27 level across twenty-four deals totalling 467,700 shares.
Malta International Airport plc held the €6.05 level across four trades amounting to 9,325 shares.
The ordinary shares of RS2 plc stayed at the €0.44 level on a single deal of 15,000 shares.
Simonds Farsons Cisk plc remained at the €6.20 level on muted activity.
The RF MGS Index fell by 0.16% to 896.495 points amid inflation pressures in the euro area. In this respect, data released today showed German producer prices rose 2.2% year-on-year during May, accelerating from 1.7% in April and marking the fastest pace since May 2023, although below the 2.5% which was anticipated. Excluding the energy component producer prices still rose by 2.3%.
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.
