Daily Market Highlights (09.06.2023)

MIA exceeds 2019 levels for fifth consecutive month


The MSE Equity Price Index dropped by 0.99% to 3,734.931 points reflecting the declines of the ordinary shares of RS2, APS, HSBC and Malita. Meanwhile, BOV and MIA remained unchanged as total trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

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 1,215 shares. Following the close of today’s trading session, MIA published the May 2023 traffic results. For the fifth consecutive month, passenger movements exceeded their relative 2019 figures, reaching a record figure for May of 726,299 passenger movements, which is 7.7% above the comparable figure of May 2019. The figure is 31% higher than the movements registered in the same month last year. Since the start of 2023, passenger movements at MIA amounted to 2.68 million, representing an increase of 5.9% over the corresponding period in 2019.

Also among the large companies by market value, Bank of Valletta plc held its four-year high of €1.25 across five trades totalling 40,390 shares.

In contrast, HSBC Bank Malta plc shed 4% to the €1.20 level across four deals totalling 36,864 shares.

Similarly, APS Bank plc moved 4% lower to the €0.595 level as 23,582 shares exchanged hands.

The ordinary shares of RS2 Software plc plunged by 6.3% to the €1.05 level, albeit on trivial volumes.

Malita Investment plc shed 1.6% to the 0.615 level on muted activity.

The RF MGS Index advanced by 0.33% to 873.031 points as yields across the eurozone moved marginally lower. Data published yesterday showed that jobless claims in the US reached the highest levels since October 2021 last week after increasing by a further 28,000 to 261,000, exceeding expectations. Elsewhere in China, producer prices dropped by 4.6% in May when compared to the previous year. The decline was sharper than projections and contrasts to the inflationary pressures being felt across Europe and the US.


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.




Download today’s Equity Market Summary.