Daily Market Highlights (05.07.2023)

MIA dominates trading activity


The MSE Equity Price Index rebounded from yesterday’s losses as it gained 0.31% to 3,752.007 points driven by the increase in the share prices of MIA, HSBC, GO and APS. Meanwhile, MaltaPost moved lower while three other equities closed unchanged. Total trading activity in local equities amounted to €0.30 million. Download today’s Equity Market Summary.

Malta International Airport plc was today’s most actively traded equity as it advanced by 0.9% to the €5.55 level as 32,043 shares changed hands, representing nearly 60% of today’s total value of equities traded.

Also among the large companies by market cap, GO plc moved 1.4% higher to the €2.98 level across four trades totalling 6,435 shares.

HSBC Bank Malta plc increased by 0.8% to the €1.21 level on two trades totalling 8,000 shares. Today, HSBC announced that its Board of Directors is scheduled to meet on Tuesday 1 August 2023 to consider and approve the interim financial statements for the six-month period ended 30 June 2023. The Directors will also consider the declaration of an interim dividend.

Also in the banking sector, APS Bank plc climbed by 0.8% to the €0.60 level on one trade of 5,000 shares.

In contrast, MaltaPost plc closed 1% lower to the €0.416 level after partially recovering from an intraday low of €0.404 (-3.8%) across volumes totalling 9,351 shares.

Bank of Valletta plc closed unchanged at the €1.19 level after recovering from an intra-day low of €1.17 (-1.7%) across eight deals totalling 54,575 shares.

The preference shares of RS2 Software plc held the €1.43 level on a single trade of 13,000 shares.

Trident Estates plc traded flat at the €1.35 level on four deals totalling 4,200 shares.

The RF MGS Index extended yesterday’s losses as it eased by a further 0.05% to a fresh five-week low of 867.682 points. The downward movement was driven by the drop in prices of long-dated MGS. Data published today showed that producer prices in the Euro Area dropped by 1.5% in May compared to a year earlier, marking the first decline in over two years. The lower energy prices and intermediate goods were the principal contributors to the drop, which outweighed marginal increases in other input costs.


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.