Daily Market Highlights (11.01.2022)

MSE Equity Price Index posts 3-day negative streak

 

The MSE Equity Price Index moved lower for the third consecutive day as it retracted by 0.67% to 3,792.537 points. FIMBank and Main Street Complex ended the day in negative territory whilst only Farsons moved higher. Meanwhile, BOV, MIA and Trident closed unchanged as overall trading activity in equities increased substantially to €0.26 million compared to €0.09 million yesterday. Download today’s Equity Market Summary.

Simonds Farsons Cisk plc was the most actively traded equity today as it added 4.3% to regain the €8.50 level across 10,950 shares having a market value of €0.09 million.

Among the larger companies by market value, Bank of Valletta plc remained at the €0.86 level on two deals totalling 80,213 shares.

Malta International Airport plc also ended the day flat at the €5.85 level on 9,495 shares.

A single deal of 2,500 shares left the share price of Trident Estates plc at the €1.50 level.

Meanwhile, FIMBank plc plunged 24.4% to the USD0.254 level on 85,144 shares.

Main Street Complex plc dropped by 2.1% to the €0.47 level across 40,000 shares.

The RF MGS Index trended higher for the first time this year as it rebounded by 0.08% to 1,067.864 points. During his testimony before the Senate yesterday, US Federal Reserve Chair Jerome Powell reiterated the central bank’s target of maintaining price stability amid the new post-pandemic economic realities. In his remarks, Mr Powell also lauded the central bank’s supervisory and financial oversight work on evolving threats such as climate change and cyber security.

 

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.

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