Daily Market Highlights (12.06.2023)

Six equities drag the MSE Equity Price Index lower


The MSE Equity Price Index dropped by 0.72% to 3,707.906 points as the declines of six equities outweighed the gain in Plaza. Meanwhile, five other equities remained unchanged as total trading activity amounted to €0.18 million. Download today’s Equity Market Summary.

Malta International Airport plc shed 0.9% to the €5.55 level across three trades totalling 2,500 shares. Last Friday, MIA published the May 2023 traffic results. For the fifth consecutive month, passenger movements exceeded their relative 2019 figures, reaching a record figure for May of 726,299 passenger movements, which is 7.7% above the comparable figure of May 2019. The figure is 31% higher than the movements registered in the same month last year. Since the start of 2023, passenger movements at MIA amounted to 2.68 million, representing an increase of 5.9% over the corresponding period in 2019.

Also among the large companies by market value, Bank of Valletta plc eased by 0.8% to the €1.24 level across two trades totalling 9,095 shares.

HSBC Bank Malta plc posted a two-day losing streak as it declined by 4.2% to the €1.15 level across six deals totalling 20,000 shares.

A single trade of 5,600 shares pulled the share price of PG plc 0.5% lower to the €1.91 level.

GO plc retracted by 0.7% to the €2.94 level across volumes totalling 1,295 shares.

Today’s most actively traded equity was Malita Investments plc as it dropped by 2.4% to a three-month low of €0.60 across nine deals totalling 158,300 shares.

In contrast, Plaza Centres plc moved 3.4% higher to the €0.61 level, albeit on trivial volumes.

Also in the property sector, MIDI plc (70,000 shares) and Trident Estates plc (200 shares) closed unchanged at the €0.27 and €1.35 levels respectively.

Similarly, a single deal of 2,500 shares left the share price of AX Real Estate plc at the €0.45 level.

Malta Properties Company plc closed unchanged at the €0.40 level after recovering from an intra-day low of 0.354 (-11.5%) across four deals totalling 5,034 shares.

Simonds Farsons Cisk plc traded flat at the €7.25 level on two deals totalling 400 shares.

The RF MGS Index went up by 0.23% to 875.044 points as various sovereign bond yields across the eurozone continued to decline. Nonetheless, movements remained volatile in view of the US inflation data expected to be released tomorrow ahead of the two-day Federal Reserve monetary policy meeting to be concluded on Wednesday, as well as the ECB monetary policy meeting on Thursday. Today, the price of oil moved lower for the third consecutive session to below the USD73 per barrel as concerns over demand in China continued to put pressure on the price.


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.