Daily Market Highlights (06.12.2023)

High trading activity in the shares of Tigné Mall plc


The MSE Equity Price Index snapped a three-day losing streak as it moved 0.19% higher to 3,677.753 points. The gains in BOV, BMIT, and IHI outweighed the declines in GO and Tigné Mall. Meanwhile, four other equities closed unchanged as the total trading activity in local equities climbed to a one-month high of €1.05 million. Download today’s Equity Market Summary.

The majority of today’s trading activity took place across the shares of Tigné Mall plc as it fell by 7.9% back to the €0.82 level across eight trades totalling 813,335 shares.

GO plc shed 0.7% to the €2.90 level over five deals totalling 37,000 shares. On Monday, GO plc announced that it concluded the transaction with BMIT Technologies plc for a consideration of €46.6 million. Through this acquisition, GO sold Passive Telecoms Assets in respect of 278 sites together with the corresponding maintenance functions, all related agreements (including the Master Service Agreement), and an employee responsible for managing the Passive Tower Rights Portfolio. BMIT and GO also entered into a transitional services agreement through which GO will provide certain support services to BMIT during this initial transition period.

BMIT Technologies plc rose by 2.6% to the €0.40 level as 10,900 shares changed hands.

Bank of Valletta plc advanced by 0.8% to a one-month high of €1.25 over twelve trades totalling 200,000 shares.

Also among large companies by market value, International Hotel Investments plc rebounded from yesterday’s all-time low as it gained 2.3% to the €0.44 level across two trades totalling 20,000 shares.

A single deal of 28,276 shares left the share price of MIDI plc unchanged at the €0.26 level.

APS Bank plc traded flat at the €0.56 level across three trades totalling 15,403 shares.

Also in the banking sector, HSBC Bank Malta plc closed unchanged at the €1.24 level on a single deal of 1,250 shares.

Malta International Airport plc held the €5.80 level on muted activity.

The RF MGS Index moved higher for the third consecutive session as it gained 0.50% to a fresh eight-month high of 890.454 points. Eurozone sovereign bond yields have declined notably over the past weeks as data showed a sharper-than-anticipated reduction in inflation.


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.