Daily Market Highlights (08.11.2022)

RS2 lifts the MSE Equity Price Index higher


The MSE Equity Price Index trended 0.29% higher to 3,621.970 points as the uplift in RS2 offset the declines in APS and HSBC. Meanwhile, another five companies closed the day unchanged as overall trading activity in equities improved to €0.21 million compared to €0.09 million yesterday. Download today’s Equity Market Summary.

The ordinary share price of RS2 Software plc rallied by 10.1% to the €1.35 level from the bonus-adjusted price of €1.227. A total of 29,485 shares traded.

Also among the large companies by market value, HSBC Bank Malta plc lost 3.3% back to the €0.74 level across 14,236 shares.

Within the same segment, APS Bank plc drifted 2.4% lower to the €0.61 level albeit on just 5,203 shares.

Low trading activity also took place in the equities of AX Real Estate plc and Mapfre Middlesea plc which traded flat at €0.535 and €1.60 respectively.

Three deals totalling 15,700 shares left the share price of GO plc at the €2.92 level.

Malta International Airport plc stayed at the €5.80 level after opening at a low of €5.75. A total of 14,793 shares changed hands.

International Hotel Investments plc remained at the €0.71 level across 38,057 shares.

Today, VBL plc announced that it entered into a set of financing agreements with Bank of Valletta plc securing a long-term development and acquisition financing facility of a total of €14.5 million. This funding will support the company’s targeted developments and acquisitions, as well as for ongoing obligations as part of the regular course of business. VBL noted that although it has so far operated without any significant debt, it considers this new long-term financing facility a strategic step in the further development and growth of its business, in line with the objectives and investment plans as outlined in the IPO Prospectus. VBL’s equity remained inactive today.

The RF MGS Index extended yesterday’s decline as it slipped by a further 0.19% to 875.745 points. Markets’ attention shifted to the mid-term elections taking place in the US where the Republican Party is widely expected to win the House of Representatives although the outcome for the Senate is uncertain.


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.