Daily Market Highlights (10.01.2023)

BOV leads trading activity for fifth consecutive session

The MSE Equity Price Index moved 0.74% higher to 3,607.189 points as the gain of BOV outweighed the decline in the share price of Farsons. Meanwhile, two other equities remained unchanged as total trading amounted to €0.05 million. Download today’s Equity Market Summary.

Most of today’s trading took place in the shares of Bank of Valletta plc which advanced by 6.2% to the €0.94 level as 42,493 shares changed hands across twelve deals.

AX Real Estate plc closed unchanged at the €0.54 level after failing to hold a high of €0.55 (+1.9%) across three deals totalling 20,000 shares. Today, AX Real Estate announced that at a meeting held on 9 January 2023, the Board of Directors resolved to distribute a net interim dividend of €0.0125 per share. All shareholders as at close of trading on Thursday 12 January 2023 will receive the interim dividend on Monday 30 January 2023. This dividend follows the payment of a net interim dividend of €0.0125 per share on 15 July 2022 in line with the semi-annual dividend policy set in the IPO Prospectus.

A single trade of 200 shares left the share price of GO plc unchanged at the €2.84 level.

Simonds Farsons Cisk plc eased 0.7% to the €7.30 level on two deals totalling 250 shares.

The RF MGS Index remained virtually unchanged at 876.494 points as the gains in prices of short and medium-term MGS were offset by losses of longer-term MGS, reflecting a steepening yield curve in line with similar movements across the eurozone. Today, a note published by Goldman Sachs showed that it expects the eurozone to avoid a recession and achieve a 0.6% growth during 2023. The economic improvement is envisaged from better trading activity from China and the lower natural gas prices amid a warmer-than-expected winter.


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.