MSE stock price index drops due to moderate activity
The MSE stock price index fell 0.34% to 3,878.673 points as the declines in GO, IHI and RS2 outweighed the rise in HSBC. Meanwhile, MIA and MPC remained unchanged, with overall trading activity amounting to 0.04 million euros.
GO plc lost 2.9% to € 3.30 on two trades totaling 3,077 shares.
RS2 Software plc ordinary shares fell 1.1% to € 1.73 on a single operation of 2,858 shares.
International Hotel Investments plc closed down 0.8% to € 0.605, as 3,687 shares traded hands.
The only share showing a positive performance to date, HSBC Bank Malta plc gained 1.3% to € 0.81 on a single transaction of 14,816 shares.
Also among large cap stocks, Malta International Airport plc remained at € 6.10 after recovering from an intraday low of € 5.95 (-2.5%) in three trades totaling 1,560 shares. .
Malta Properties Company plc traded at the level of € 0.56 on two transactions totaling 4,000 shares.
The RF MGS index was virtually unchanged at 1,081.930 points as lower AMS prices in the short and medium term were offset by higher AMS prices over the longer term. Likewise, short-term U.S. bond yields hit their highest level since March 2020 (bond prices fell) amid anticipation of a period of persistently high inflation.
On Tuesday, the European Central Bank released the results of the bank lending survey for the third quarter of this year. Banks reported a slight increase in demand for business and home loans in connection with improved consumer confidence and low interest rates. In addition, banks reported that the ECB’s purchase programs continued to have a positive impact on their liquidity positions and market funding conditions, but continued to constrain their net interest income.
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