Daily Market Highlights (06.05.2022)

Trading activity in BOV shares takes centre stage


The MSE Equity Price Index extended yesterday’s decline as it slipped by a further 0.2% to 3,787.624 points. The drops in PG, MIA, HSBC and GO offset the gains in BOV and BMIT whilst M&Z plc traded flat at the €0.77 level across 1,300 shares. Overall trading activity in equities improved to €0.21 million on the back of the heightened volumes transacted in BOV shares. Download today’s Equity Market Summary.

Bank of Valletta plc rebounded by 2.6% to the €0.97 level across 183,598 shares having a market value of €0.17 million. On Tuesday, the Bank announced that it reached an out-of-court settlement agreement with the curators of the bankruptcy of the Deiulemar Group. BOV noted that following this development, it will be in a more secure capital position overall and will be better placed to carry out its business with confidence and sustainability.

The other positive performing equity today was BMIT Technologies plc as it advanced by 1.3% to the €0.486 level on a total of 18,800 shares.

BMIT’s parent company – GO plc – trended 3% lower back to the €3.18 level across 2,500 shares.

Among the large companies by market value, Malta International Airport plc moved back to the €5.85 level (-1.7%) albeit on just 1,300 shares.

Low trading activity also took place in the equity of HSBC Bank Malta plc which ended the day 1.3% lower at the €0.79 level.

Two deals totalling 5,154 shares forced the share price of PG plc to move 0.9% lower to the €2.22 level.

The RF MGS Index trended in negative territory for the sixth consecutive day as it fell by a further 0.24% to 986.872 points – the lowest level since July 2012. Fresh data issued today confirmed the underlying strength of the US labour market as more jobs were created than previously anticipated although the unemployment rate remained at 3.6%.


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.