Daily Market Highlights (04.07.2023)

Bank equities drag MSE Equity Price Index lower


The MSE Equity Price Index dropped by 0.37% to 3,740.407 points, snapping the index’s five-day positive streak. The decline was mainly caused by bank stocks as BOV, HSBC and also APS trended lower together with MIA. On the other hand, Malita Investments and Hili Properties moved higher whilst three other equities closed unchanged as the total trading activity amounted to €0.37 million. Download today’s Equity Market Summary.

APS Bank plc was today’s worst performing equity as it slumped by 2.5% to close at the €0.595 level over three trades totalling 5,790 shares.

Also in the banking sector, Bank of Valletta plc only partially recovered from an intra-day low of €1.17 as the equity ended the day 0.8% lower at the of €1.19 level. A total of 10,897 shares changed hands today across four deals.

Similarly, HSBC Bank Malta plc shed 0.8% to the €1.20 level over two trades totalling 5,000 shares.

Malta International Airport plc was today’s most actively traded equity as it closed 0.9% lower at the €5.50 level across eight deals totalling 61,658 shares. MIA will shortly be publishing its June traffic results.

On the other hand, Malita investments plc closed at a one-week high after gaining 3.3% to reach the €0.62 level on muted activity.

Also in the property sector, Hili Properties plc moved 2.7% higher to close at the €0.226 level on a single trade of 1,000 shares.

Meanwhile, MaltaPost plc held the €0.42 level over three trades totalling 3,452 shares.

Likewise, Simonds Farsons Cisk plc traded flat at the €7.00 level as 1,000 shares changed hands.

International Hotel Investments plc also closed unchanged at the €0.53 level across three deals totalling 3,993 shares.

The RF MGS Index declined by 0.45% to a fresh 5-week low of 868.11 points as yields in major Euro Area economies such as Germany, France and Italy trended higher. Yesterday, the president of the German Bundesbank Joachim Nagel also stated that the European Central Bank will likely be required to raise rates further as inflation is likely to persist and possibly overshoot its own inflation forecast of 2.2% in 2025.


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.