Daily Market Highlights (04.01.2023)

BOV shares surge 22% amid high trading activity

The MSE Equity Price Index climbed 3.61% to 3,629.072 points principally reflecting the upward movement in the share price of BOV as well as the gains of HSBC, MIA, Farsons, and VBL. Meanwhile, APS Bank plc was the only negative performing equity today as it fell by 2.4% to the €0.60 level across three trades totalling 12,061 shares. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded and best performing equity as it advanced by 22.2% to close at a two-year high of €0.99, after recovering from an intraday low of €0.80 (-1.2%).  A total of 329,027 shares changed hands having a market value of €0.30 million, representing over 86% of today’s value of equities traded.

Also within the retail banking sector, HSBC Bank Malta plc climbed by 8.5% to the €0.77 level across ten trades totalling 39,800 shares.

Simonds Farsons Cisk plc extended yesterday’s gains as it advanced by a further 5% to €7.35 across three deals totalling 1,440 shares.

Malta International Airport plc rebounded by 1.8% to the €5.60 level on muted volumes. In a media article published last week, a spokesperson for MIA explained that 2023 is expected to show an improved level of passenger traffic over 2022 although they do not expect to reach the record figures of 2019 before 2024.

A single trade of 385 shares pushed the share price of VBL plc up by 3.1% to the €0.268 level.

The RF MGS Index rose by 1.11% to 875.558 points amid data showing lower levels of inflation across the eurozone. Today, French annual consumer price inflation projections for December were at 5.9%, lower than expected and also below the levels of the previous month. Meanwhile, the oil price eased towards the USD70 level on pressures of weakening global demand.


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.