Daily Market Highlights (06.02.2023)

Trading in BOV takes centre stage


The MSE Equity Price Index closed practically unchanged at 3,566.341 points as the gains in APS and BMIT were largely offset by the decline in PG. Meanwhile, two other equities closed unchanged as overall trading activity was muted at €0.08 million. Download today’s Equity Market Summary.

Bank of Valletta plc was the most actively traded equity for the second consecutive session. BOV held the €0.90 level after recovering from a low of €0.89 (-1.1%) across three trades totalling 77,500 shares, accounting for over 80% of today’s trading value of equities.

Also among the large companies by market value, Malta International Airport plc remained at the €5.65 level on one deal of 700 shares.

BMIT Technologies plc rose by 1.8% to the €0.45 level across two trades totalling 20,000 shares.

APS Bank plc advanced by 0.8% to the €0.605 level, albeit on trivial volumes.

In contrast, PG plc shed 1% to the €2.08 level as 200 shares changed hands.

The RF MGS Index declined by 0.9% to 884.257 points as eurozone yields climbed higher amid concerns that major central banks will extend their policy tightening if the economy sustains its growth trajectory. Following last Friday’s strong employment data from the US, today Germany reported that factory orders rose by 3.2% month-on-month in December 2022, well ahead of the forecasted 2% figure. However, retail sales within the euro area dropped in December when compared to the previous month, indicating that increases in prices and interest rates are impacting consumer spending.


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.