Daily Market Highlights (11.02.2022)

MSE Equity Price Index drops to 14-month low


The MSE Equity Price Index closed the week in negative territory as it declined by a further 0.12% to a fresh 14-month low of 3,686.343 points. The declines in the share prices of MIA, GO and Harvest outweighed the uplifts in HSBC and BMIT whilst Bank of Valletta plc ended unchanged at the €0.80 level after rebounding from a new multi-year low of €0.78 on a total of 141,302 shares. Trading activity in equities amounted to €0.24 million, the bulk of which were transacted in BOV (€0.11 million) and BMIT (€0.1 million). Download today’s Equity Market Summary.

Malta International Airport plc retracted by 0.8% back to the €5.85 level on light volumes totalling 1,400 shares.

Also among the large companies by market value, GO plc dropped by 1.9% to an 11-month low of €3.16 level albeit on just 1,000 shares.    

The other negative performing equity today was Harvest Technology plc as it slipped by 2.7% to the €1.46 level across 8,662 shares.

In contrast, BMIT Technologies plc moved 0.8% higher to the €0.486 level on a single deal of 200,000 shares.

HSBC Bank Malta plc recaptured the €0.90 level (+1.7%) on a total of 6,476 shares.

The RF MGS Index eased by 0.05% to 1,041.235 points – the lowest level since May 2014. Today, the Treasury announced the issue of €140 million in new Malta Government Stocks subject to an overallotment option of an additional sum up to a maximum of €100 million. The three MGS are: the 0.90% MGS 2027 (V); the 1.60% MGS 2032 (III); and the 2.40% MGS 2052 (I). Applications in the form of sealed bids (auction) for amounts of a minimum of €500,000 nominal and in multiples of €100,000 thereafter will open on Friday 18 February and close on the same day.


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.