Four equities pull the MSE Equity Price Index lower

The MSE Equity Price Index dropped by 0.86% to a one-week low of 3,758.921 points as the declines in HSBC, IHI, Tigné Mall, and BMIT outweighed the gain in Malita. Meanwhile, four other equities closed unchanged as the total trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

BMIT Technologies plc moved 4.3% lower to an all-time low of €0.40 on three trades totalling 23,000 shares. BMIT’s Board of Directors is scheduled to meet on Friday 4 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023.

HSBC Bank Malta plc shed 4% to the €1.20 level on a single trade of 10,000 shares. HSBC is set to publish its interim financial statements for the six-month period ended 30 June 2023 on Tuesday 1 August.

Also among large companies by market value, International Hotel Investments plc closed 4.6% lower to the €0.52 level on one deal of 1,695 shares.

One trade of 65,000 shares pulled the share price of Tigné Mall plc 0.6% lower to €0.79.

In contrast, Malita Investments plc moved 0.8% higher to the €0.625 level on a single deal of 4,900 shares.

Meanwhile, Bank of Valletta plc closed unchanged at the €1.24 level after recovering from an intraday low of €1.21 (-2.4%) across ten trades totalling 22,578 shares. BOV will publish its interim financial statements for the six-month period ended 30 June 2023 on Thursday 27 July.

Also in the banking sector, APS Bank plc held the €0.61 level as 4,972 shares changed hands. APS will publish its interim financial statements for the six-month period ended 30 June 2023 on Thursday 27 July.

Malta International Airport plc traded flat at the €5.60 level over four deals totalling 1,700 shares.

Simonds Farsons Cisk plc stayed at the €7.00 level on muted activity.

The RF MGS Index gained 0.27% to 873.276 points. The Eurozone Composite PMI fell to 48.9 in July 2023, below expectations and indicating an overall contraction in business output. Amongst Euro Area countries, Germany’s decline in output was notable, in contrast to a forecasted increase in output.

Last Friday, ClearFlowPlus plc published a Prospectus following regulatory approval for the admissibility to listing on the Green Bond List of the Malta Stock Exchange of €25 million 4.25% unsecured bonds maturing in 2033. The Issuer is a subsidiary of the Water Services Corporation (the Guarantor), which in turn, is responsible for potable water and wastewater services in the Maltese Islands. The subscription period opens on Tuesday 1 August 2023 and closes on Friday 18 August at noon or earlier in the case of over-subscription.

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.