Daily Market Highlights (03.07.2023)

MSE Equity Price Index posts 5-day winning streak


The MSE Equity Price Index moved higher for the fifth consecutive session as it advanced by a further 0.13% to a three-week high of 3,754.329 points as the gains in MIA, MIDI, HSBC, GHM, MPC and Trident outweighed the declines in GO, MaltaPost and Hili Properties. Meanwhile, three other equities closed unchanged as the total trading activity amounted to €0.27 million. Download today’s Equity Market Summary.

Malta International Airport plc moved 0.9% higher to the €5.55 level across two deals totalling 1,819 shares.

Also among the equities with a large market cap, HSBC Bank Malta plc gained 0.8% to a three-week high of €1.21 across eight trades totalling 26,125 shares.

MIDI plc rebounded by 8% to a three-week high of €0.27 across three deals totalling 8,900 shares.

Also in the property sector, Malta Properties Company plc (+4.7%) and Trident Estates plc (+3.8%) both moved higher to the €0.40 and €1.35 levels respectively.

Grand Harbour Marina plc surged by 18.2% to a six-week high of €0.65 over three trades totalling 8,300 shares.

In contrast, GO plc moved 2% lower to the €2.94 level across three deals totalling 8,992 shares.

Hili Properties plc shed 3.5% to the €0.22 level on a single trade of 10,000 shares.

MaltaPost plc was today’s worst performing equity as it slumped by 8.7% to a three-week low of €0.42 on four trades totalling 10,798 shares.

Today’s most actively traded equity – Bank of Valletta plc – closed unchanged at the €1.20 level after recovering from an intraday low of 1.16 (-3.4%) across fifteen deals totalling 131,563 shares.

PG plc traded flat at the €1.94 level on two deals totalling 9,566 shares. Shareholders as at close of today’s trading will receive a net interim dividend of €0.0416667 per share on Wednesday 12 July 2023. Coupled with the interim dividend of €0.0208333 per share paid out in December 2022, the total net dividend per share for the financial year ended 30 April 2023 amounts to €0.0625 per share, representing a 15.4% increase over the total net dividend of €0.0541666 for the previous financial year.

BMIT Technologies plc held the €0.42 level across four trades totalling 22,175 shares.

Today, APS Bank plc announced that its Board of Directors is scheduled to meet on Thursday 27 July 2023 to consider and approve the interim financial results covering the six-month period ended 30 June 2023. The Directors will also consider the declaration of an interim dividend, subject to regulatory approval.

The RF MGS Index rose by 0.18% to 872.034 points driven by increases in the prices of longer-term MGS, resulting in a flatter yield curve. Data released today showed that manufacturing activity within the eurozone weakened in June amid a lower aggregate demand. Germany and Italy both registered the lowest PMI (Purchasing Managers’ Index) levels since early 2020, and France posted its fifth consecutive month of contraction. Similarly in the US, in June the manufacturing sector posted the fastest rate of contraction since May 2020.



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.