Daily Market Highlights (10.10.2022)

MSE Equity Price Index drops to 3-week low


The MSE Equity Price Index opened the week in negative territory as it eased by 0.21% to a 3-week low of 3,624.476 points reflecting the declines in AX Real Estate, PG and BMIT. On the other hand, six other companies closed the day unchanged as overall trading activity in equities amounted to €0.07 million. Download today’s Equity Market Summary.

AX Real Estate plc fell by 2.7% to a new low of €0.535 across two deals totalling 5,000 shares.

A single deal of 1,000 shares forced the share price of PG plc to trend 2.7% lower to the €2.14 level.

BMIT Technologies plc retracted by 0.9% to a 1-month low of €0.464 on volumes totalling 41,177 shares.

BMIT’s parent company – GO plc – remained at the €3.00 level after opening at a low of €2.96 (-1.3%). A total of 10,595 shares changed hands.

Bank of Valletta plc held on to the €0.90 level after opening at a low of €0.88 (-2.2%). A total of 12,242 shares traded.

Also in the retail banking sector, HSBC Bank Malta plc remained at the €0.74 level albeit on just 2,265 shares.

Malta International Airport plc stayed at the €5.80 level on trivial volumes.

Low trading activity also took place in the shares of Simonds Farsons Cisk plc and VBL plc which closed flat at €7.95 and €0.26 respectively.

The RF MGS Index posted its fourth consecutive daily decline as it moved 0.21% lower to a fresh all-time low of 868.647 points. Sovereign bond yields in the euro area continued to trend higher as the conflict in Ukraine escalated further after Russia launched air strikes in Kyiv and other cities. Meanwhile in the UK, the Bank of England increased its emergency stimulus with a view of restoring financial stability following the recent spike in yields.


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.