Daily Market Highlights (04.11.2022)

MSE Equity Price Index moves marginally lower


The MSE Equity Price Index eased by 0.03% to 3,613.552 points as the uplift in the share price of HSBC was offset by the declines in BMIT and Hili Properties. Meanwhile, five other equities ended the day unchanged as overall trading activity in equities amounted to €0.09 million. Download today’s Equity Market Summary.

Hili Properties plc was the worst performing equity today as it plunged 8.3% to the €0.222 on a single deal of 100,000 shares.

The only other negative performing equity was BMIT Technologies plc as the share price fell by 2.1% to the €0.468 level on 10,400 shares.

BMIT’s parent company – GO plc – held on to the €2.92 level across 5,000 shares.

Also among the large companies by market value, International Hotel Investments plc traded flat at the €0.71 level on volumes totalling 50,000 shares.

APS Bank plc remained at the €0.625 level albeit on shallow volumes.

FIMBank plc traded for the first time in over two months as it closed unchanged at the USD0.22 level after recovering from a low of USD0.195 (-11.4%). A total of 43,109 shares traded.

A single deal of 1,224 shares left the share price of Mapfre Middlesea plc at the €1.60 level.

Meanwhile, HSBC Bank Malta plc advanced by 3.4% to the €0.765 level on volumes totalling 1,864 shares.

The RF MGS Index gained 0.32% to 884.149 points as sovereign bond yields in the euro area trended marginally lower. On the economic front, factory orders in Germany contracted by more than expected in September. Conversely, activity across the services sector across the single currency block exceeded expectations. Elsewhere in the US, the total number of people in employment continued to increase but the pace of growth slowed for the third consecutive month whilst the unemployment rate increased slightly to 3.7%.


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.