Daily Market Highlights (18.08.2023)

MSE Equity Price Index posts four-day losing streak


The MSE Equity Price Index moved lower for the fourth consecutive session as it eased by a further 0.13% to a fresh two-week low of 3,798.682 points, reflecting the decline in BOV. Meanwhile, another three equities closed unchanged as trading activity in local equities was muted at an over-six-month low of €0.01 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed a further 0.8% to a two-week low of €1.29 after partially recovering from an intra-day low of €1.28 (-1.6%) across four trades totalling 1,785 shares.

Malta International Airport plc held the €5.75 level on a single trade of 350 shares. MIA shareholders as of the close of trading on Monday 21 August 2023 will receive a net interim dividend of €0.03 per share, payable by not later than Friday 15 September 2023.

Also among large companies by market cap, International Hotel Investments plc traded flat at the €0.54 level on three deals totalling 9,994 shares. IHI is scheduled to publish its interim financial statements for the six-month period ending June 2023 on Thursday 24 August 2023.

A single trade of 20,000 shares left the share price of MIDI plc at the €0.26 level. MIDI is scheduled to publish its interim results on Wednesday 30 August 2023.

Today, Main Street Complex plc announced that its Board of Directors is scheduled to meet on Wednesday 23 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023. The Directors will also consider the payment of an interim dividend to shareholders as at the close of trading on Monday 28 August 2023.

The RF MGS Index snapped a six-day losing streak as it advanced by 0.32% to 867.012 points. Today, data published by Eurostat confirmed that the annual inflation in the Euro Area in July 2023 was at an 18-month low of 5.3%, down from 5.5% observed in the previous month. The decline was mostly driven by the drop in energy prices and lower levels of inflation across the food, tobacco, and alcohol segment. On the other hand, the eurozone registered an increase in service inflation. Today, the chief economist of the European Central Bank Philip Lane said that the eurozone economy is expected to keep growing in the coming years and is unlikely to experience a deep recession. He explained that the lower energy prices of the previous months are expected to translate into greater disposable income to households.


This report contains public information only and is not to be construed as investment advice or an offer to buy or sell any 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.