Daily Market Highlights (07.09.2023)

MIA registers record activity in August


The MSE Equity Price Index eased by 0.05% to 3,722.774 points reflecting the declines in BMIT and MPC. Meanwhile, five other equities closed unchanged as overall trading activity remained subdued. Download today’s Equity Market Summary.

Malta International Airport plc traded flat at the €5.70 level across two deals totalling 1,050 shares. Following the close of trading, MIA published the August 2023 traffic results. Passenger movements exceeded their relative 2019 figures for the eighth consecutive month, reaching an all-time monthly record figure of 878,462 passenger movements, which is 6.7% above the comparable figure of 823,653 registered in August 2019. Passenger movements in August 2023 were 23.4% higher than the movements registered in the same month last year. The seat load factor for August 2023 also reached an all-time high of 91.4%, which is 3.4 percentage points higher than in August 2019. The airport operator highlighted that the record seat occupancy was achieved despite that seat capacity was also 2.8% higher when compared to 2019.

Also among the large companies by market value, Bank of Valletta plc (6,510 shares) and HSBC Bank Malta plc (3,087 shares) closed unchanged at the €1.26 and €1.20 levels respectively.

A single trade of 5,300 shares left the share price of PG plc at the €2.04 level.

Loqus Holdings plc held the €0.15 level on trivial volumes.

BMIT Technologies plc shed 2.4% to the €0.40 level on two deals totalling 2,000 shares. On Monday, BMIT issued a Shareholder Circular in relation to the proposed transaction with GO plc for the potential assignment and transfer of certain lease rights and obligations currently enjoyed by GO as well as the passive infrastructure used for hosting telecommunications equipment. The transaction is being proposed for approval in the forthcoming Extraordinary General Meeting scheduled to be held on Monday 25 September 2023. BMIT shareholders as at close of trading on Wednesday 23 August 2023 are entitled to attend and vote at the EGM.

Malta Properties Company plc moved 0.5% lower to the €0.392 level on two trades totalling 2,000 shares.

The RF MGS Index remained virtually unchanged at 866.158 points as the drop in short-dated MGS bid prices was offset by higher bid prices for longer-dated MGS, resulting in a flatter yield curve. Data from Germany continued to highlight the struggles within the eurozone’s largest economy as industrial production fell for the third consecutive month in July. The drop was principally driven by lower activity in the production of cars.


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.