Daily Market Highlights (09.01.2023)

Trading in local banks takes centre-stage

The MSE Equity Price Index moved up by 0.08% to 3,580.557 points as the gains of BOV, Lombard and MPC outweighed the declines in the share price of HSBC, Mapfre and Santumas. Meanwhile, four other equities closed unchanged as overall total trading amounted to €0.19 million. Download today’s Equity Market Summary.

Bank of Valletta plc climbed 0.6% to the €0.885 level as 80,987 shares changed hands.

Also within the local retail banking sector, Lombard Bank plc surged by 20% to the €0.90 level across one deal of 55,774 shares helping the equity recover most of the declines early last week.

The other positive performing equity today was Malta Properties Company plc as it rebounded by 12.5% to the €0.45 level on a single trade of 19,199 shares.

A single trade of 4,155 shares pulled the share price of HSBC Bank Malta plc 3.1% lower to the €0.785 level.

Mapfre Middlesea plc shed 6.3% to the €1.50 level on two trades totalling 8,647 shares.

Santumas Shareholding plc eased by 0.7% to the €1.33 level on volumes of 6,000 shares.

FIMBank plc closed unchanged at the USD0.216 level after opening at an all-time low of USD0.18. A total of 18,646 shares changed hands.

Malta International Airport plc closed unchanged at the €5.60 level after recovering from an intraday low of €5.55 (-0.9%) across four trades totalling 3,480 shares.

Also among the large companies by market value, GO plc traded flat at the €2.84 level across four deals totalling 3,000 shares.

A single trade of 500 shares left the share price of Simonds Farsons Cisk plc at the €7.35 level.

The RF MGS Index advanced by 0.28% to 876.475 points. Within the eurozone, Germany’s industrial production marginally exceeded forecasts in November while the unemployment rate across the single currency bloc remained at its record low of 6.5%. Elsewhere, various commodities traded higher amid prospects of higher demand from China as it moves away from its zero-covid policy restrictions.


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.