MIA and Hili Properties push the MSE Equity Price Index higher

The MSE Equity Price Index climbed 0.33% to a fresh 4-month high of 3,650.519 points reflecting the gains in MIA and Hili Properties. Meanwhile, three other equities closed unchanged as total trading activity was muted at a three-month low of €0.02 million. Download today’s Equity Market Summary.

Hili Properties plc was today’s best performing equity as it surged by 11.8% to a 3-month high of €0.228 across four trades totalling 27,950 shares. Yesterday, the Board of Directors of Hili Properties plc resolved to recommend a final net dividend of €0.0108 per share, in line with the dividend policy set at the time of the IPO. Shareholders as at close of trading on Friday 23 June 2023 will receive the payment on Tuesday 18 July 2023, subject to approval at the upcoming Annual General Meeting to be held on 27 June 2023.

Malta International Airport plc advanced by 0.9% to the €5.65 level on two trades totalling 1,170 shares.

Bank of Valletta plc held the €1.04 level across 5,000 shares.

GO plc and Trident Estates plc maintained the €2.94 and €1.35 levels respectively on muted activity.

The RF MGS Index increased by 0.69% to a four-week high of 883.554 points. In the Eurozone, the labour market continued to show resilience as the March seasonally adjusted unemployment rate reached an all-time low of 6.5%, below market expectations of 6.6%. In particular, Italy’s unemployment rate fell to 7.8%, the lowest level since April 2020. Meanwhile in the US, employment opportunities dwindled as job vacancies fell to the lowest level since April 2021.

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.