Daily Market Highlights (12.04.2023)

High trading activity in the shares of Farsons


The MSE Equity Price Index remained virtually unchanged at 3,529.244 points as the gains in BOV, Farsons, Tigné Mall and Trident Estates were outweighed by the declines in four other equities. Meanwhile, GO plc closed unchanged at the €2.86 level as 340 shares changed hands. Download today’s Equity Market Summary.

Most of today’s trading activity took place in the shares of Simonds Farsons Cisk plc as it advanced by 0.7% to the €6.90 level on two trades totalling 20,000 shares having a market value €0.14 million.

Bank of Valletta plc regained the €0.90 (+0.6%) level on two trades totalling 16,439 shares.

Tigné Mall plc climbed 5.6% to the €0.75 level on a single deal of 25,000 shares. The company will be publishing its 2022 Annual Report next Monday 17 April.

One trade of 1,400 shares pushed the share price of Trident Estates plc up by 0.8% to the €1.26 level.

PG plc shed 0.5% to a 2-year low of €1.95 after failing to hold to an intraday high of €1.98 (+1%) across four deals totalling 23,000 shares.

The share price of Hili Properties plc moved 3.6% lower to an all-time low of €0.212 on a single trade of 12,030 shares.

Malta International Airport plc eased 0.9% to the €5.60 level on one deal of 700 shares.

Malta Properties Company plc was today’s worst performing equity as it fell 4.8% to a 3-month low of €0.40 across three trades totalling 15,650 shares.

Today, Grand Harbour Marina plc announced that its Board of Directors is scheduled to meet on Tuesday 18 April 2023 to consider and approve the financial statements for the year ended 31 December 2022. The Board will also consider the recommendation of a dividend.

The RF MGS Index eased by 0.47% to 880.575 points as the yields across the Eurozone moved higher with the German 10-year bund climbing to a 1-month high of 2.37% in the afternoon. Data published today showed that the US annual inflation stood at 5% in March, the lowest figure since May 2021 and below market forecasts of 5.2%. This marks the ninth consecutive month that the U.S. annual inflation rate has declined, falling from 6% in the previous month. In particular, energy costs decreased by 6.4% compared to a year earlier, in contrast to the 5.2% increase recorded in the previous month. However, core inflation, which does not include energy and food prices, went up to 5.6% from the 15-month low of 5.5% in the prior month.


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.