Daily Market Highlights (08.08.2022)

MSE Equity Price Index opens the week lower


The MSE Equity Price Index trended marginally lower as the declines in BOV, IHI and GO offset the gains in HSBC, APS and PG. Meanwhile, four other companies closed the day unchanged as overall trading activity in equities amounted to €0.11 million. Download today’s Equity Market Summary.

International Hotel Investments plc dropped by 3.4% to the €0.72 level on a single deal of 20,000 shares.

Also among the large companies by market value, GO plc slid by 1.3% back to the €3.00 level on a total of 16,000 shares. GO is due to publish its interim financial results tomorrow.

Bank of Valletta plc eased by 1.1% to €0.86 on nine deals totalling 13,249 shares.

Within the same segment, HSBC Bank Malta plc moved 0.7% higher to the €0.765 level across 14,953 shares.

APS Bank plc added by 1.5% to the €0.66 level on low volumes.

The other positive performing equity today was PG plc as it gained 0.9% to recapture the €2.14 level on 6,000 shares.

Meanwhile, Malta International Airport plc held on to the €5.95 level across 806 shares.

Mapfre Middlesea plc traded flat at the €1.70 level across 1,315 shares.

In the property sector, Malta Properties Company plc (5,000 shares) and Main Street Complex plc (3,000 shares) stayed at €0.52 and €0.40 respectively.

The RF MGS Index dropped by 0.35% to 958.312 points as the robust jobs data published in the US last Friday is leading to higher expectations of another 75-basis point interest rate hike by the Federal Reserve in September. Meanwhile, the US Senate passed a multi-billion package aimed to address issues including climate change, tax, and healthcare with a view of also tackling high 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.