The MSE Equity Price Index fell by 0.78% to 3,769.308 points as the declines in Trident, BOV, MIA and Farsons outweighed the gains in BMIT, Plaza and Malta Properties Company. Meanwhile, HSBC Bank Malta plc (1,482 shares)and APS Bank plc (39,456 shares)closedunchanged at the €1.41 and €0.50 levels respectively. Today’s trading activity amounted to just under €100,000.
Malta International Airport plc fell by 0.8% to the €5.90 across three trades totalling 1,375 shares.
Also among large companies by market value, Bank of Valletta plc declined by 1.5% to the €1.91 across eight deals amounting to 14,693 shares.
Trident Estates plc fell by 7.3% to the €1.01 level on one trade of 1,050 shares.
Simonds Farsons Cisk plc slumped by 4.2% to the €4.98 on across four deals totalling 6,434 shares.
On the other hand, Malta Properties Company plc surged by 9.1% to the €0.36 level across three trades totalling 12,000 shares.
BMIT Technologies plc moved 1.4% higher to the €0.294 level on two deals amounting to 7,500 shares.
Plaza Centres plc gained 0.7% to the €0.68 level on two trades totalling 3,100 shares, although the majority of the day’s activity happened at the €0.54 level (-19.3%).
The RF MGS Index fell for the seventh consecutive session, declining by 0.14% to a near nine-month low of 902.630 points amidst increasing concerns about resiliently high inflation. In fact, data released today indicated that euro area inflation increased to 2.2% in November from 2.1% in the previous month, exceeding market expectations of 2.1%. In particular, services inflation rose to 3.5%, the highest level since April, while the pace of decline in energy prices moderated. Core inflation remained unchanged at 2.4%, in line with forecasts. Meanwhile, inflation in Germany climbed to 2.6%, marking its highest level since last February.
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.
