Daily Market Highlights (10.10.2023)

MSE Equity Price Index posts 3-day losing streak


The MSE Equity Price Index moved lower for the third consecutive session as it lost a further 0.20% to a five-month low of 3,610.749 points as the declines in MIA, Hili Properties and Farsons outweighed the gains in BOV, Mapfre and MaltaPost. Meanwhile, three other equities closed unchanged as total trading activity amounted to €0.31 million. Download today’s Equity Market Summary.

Malta International Airport plc declined by 2.7% to a twelve-week low of €5.50 over two trades totalling 1,400 shares.

Also among large companies by market capitalisation, Simonds Farsons Cisk plc eased by 0.7% to the €6.65 level on a single deal of 6,000 shares.

Hili Properties plc was today’s worst performing equity as it slumped by 5.2% to a three-month low of €0.22 as 10,500 shares changed hands. Hili recovered from an intra-day low of €0.198 (-13.4%).

Bank of Valletta plc was today’s most actively traded equity as it advanced by 0.8% to the €1.21 level after failing to hold to an intraday high of €1.22 (+1.6%) across sixteen deals totalling 167,305 shares having a market value of €0.2 million.

Similarly, BOV’s insurance associate Mapfre Middlesea plc advanced by 3.2% to a two-week high of €1.30, albeit over trivial volumes.

MaltaPost plc gained 2.4% to reach a one-month high at the €0.42 level across two trades of 13,036.

MaltaPost’s parent company Lombard Bank Malta plc traded flat at the €0.78 level as 60,170 shares changed hands.

Also in the banking sector, APS Bank plc held the €0.60 level on three trades totalling 6,000 shares.

A single deal of 10,144 shares left the share price of Malta Properties Company plc unchanged at the €0.392 level.  

The RF MGS Index gained 0.29% to 852.551 points as eurozone sovereign bond yields moved marginally lower. Similarly, the US 10-year Treasury yields also fell to an intra-day low of 4.6% compared to last Friday’s high of around 4.8%, reflecting the demand for safer assets following the recent attacks in Israel as well as comments from Federal Reserve officials who indicated that the Fed may have reached the peak of its rate hikes.


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.