Daily Market Highlights (01.03.2022)

MSE Equity Price Index drifts lower on light volumes


The MSE Equity Price Index moved 0.40% lower to the lowest level in 15 months at 3,660.171 points. Five equities closed the day in negative territory while HSBC Bank Malta plc remained unchanged at the €0.895 level on a single deal of 3,000 shares. Overall trading activity in equities remained subdued at only €0.05 million. Download today’s Equity Market Summary.

MIDI plc extended yesterday’s sharp decline as it dropped by a further 2.8% to the €0.35 level on six deals totalling 72,000 shares.

Also in the property segment, Hili Properties plc retracted by 1.5% to the €0.258 level on activity totalling 35,500 shares.

Bank of Valletta plc eased by 0.6% to the €0.785 level as 15,250 shares changed hands.

International Hotel Investments plc moved 2.6% lower to the €0.56 level on two deals totalling 5,000 shares.

On the Alternative Companies List, Loqus Holdings plc plunged by 6.7% to the €0.14 level on trivial volumes.

The RF MGS Index continued to trend higher as it added 0.56% to a fresh 3-week high of 1,047.246 points. Sovereign bond yields in the euro area extended their recent decline and in fact the benchmark 10-year German Bund yield turned negative for the first time in 4 weeks. Yesterday, the Governor of Portugal’s central bank opined that despite the current war in Ukraine, growth within the eurozone economy will continue to forge ahead although a scenario close to stagflation cannot be ruled out.


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.