Daily Market Highlights (05.09.2022)

Several equities inch higher


The MSE Equity Price Index advanced by 0.9% to 3,624.874 points as various equities trended in positive territory whilst MIA and Hili Properties ended the day unchanged. Overall trading activity improved to €0.27 million compared to just €0.04 million last Friday. Download today’s Equity Market Summary.

Bank of Valletta plc rebounded by 2.9% to the €0.875 level across three deals totalling 12,500 shares.

Also in the retail banking sector, APS Bank plc moved 1.6% higher to recapture the €0.65 level on volumes totalling 10,090 shares. Today, APS announced that shareholders as at close of trading on Thursday 15 September will be entitled to participate at an Extraordinary General Meeting to be held remotely on Wednesday 19 October. The EGM will consider the distribution of a net interim dividend of €1.8 million payable through the issuance of new shares.

The ordinary shares of RS2 Software plc inched 0.7% higher to the €1.38 level after opening at a low of €1.36 (-0.7%). A total of 110,650 shares changed hands having a market value of €0.15 million.

A single deal of 960 shares pushed the share price of GO plc 2% higher to the €3.10 level.

PG plc added nearly 1% to the €2.22 level on 4,300 shares.

Simonds Farsons Cisk plc advanced by 2.6% to the €7.95 level albeit on just 469 shares.

Low trading activity also took place in the equities of Trident Estates plc and Mapfre Middlesea plc which closed at €1.40 (+1.4%) and €1.53 (+0.7%) respectively.

Meanwhile, Malta International Airport plc held on to the €5.95 level after recovering from an intraday low of €5.85 (-1.7%). A total of 12,330 shares traded.

Hili Properties plc remained at the €0.24 level on a single deal of 24,500 shares.

Today, International Hotel Investments plc announced that in view of the prevailing improvement in market conditions and stronger recovery, it is now expecting to generate revenues of €224 million in 2022 (compared to the earlier forecast of €217 million) and an EBITDA of €43.5 million (compared to the previous estimate of €39 million). The more positive performance is also expected to translate into improved margins with the EBITDA margin now anticipated to climb to 19.4% compared to the original projection of just under 18%.

The RF MGS Index registered a marginal uplift of 0.03% to 916.050 points. The energy crisis in Europe continued to dominate headlines as Russia’s Gazprom shut down the Nord Stream pipeline indefinitely. Furthermore, OPEC+ surprised markets by announcing a small cut in its production targets, thus reversing an earlier decision to increase output.


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.