Daily Market Highlights (12.07.2022)

Various equities trend lower


The MSE Equity Price Index moved lower for the third consecutive day as it dropped by a further 0.36% to 3,712.935 points. Trading activity was spread across five equities, four of which ended the day in negative territory whilst APS Bank plc stayed at the €0.66 level on a total of 56,618 shares. Overall trading volumes improved to €0.2 million compared to just €0.08 million yesterday. Download today’s Equity Market Summary.

The most actively traded equity today was Lombard Bank Malta plc as the Bank’s share price retracted by 1.1% to the €1.88 level on a total of 40,000 shares having a market value of €0.08 million.

Also in the retail banking sector, HSBC Bank Malta plc eased by 0.7% to the €0.75 level across 27,583 shares.

Bank of Valletta plc also closed the day lower as it slid by 2.2% back to the €0.90 level on volumes totalling 70,215 shares.

BOV’s insurance associate – Mapfre Middlesea plc – dropped by 0.6% to the €1.79 level albeit on a single deal of just 1,626 shares.

Today, Plaza Centres plc announced that its Board of Directors is scheduled to meet on Friday 22 July to consider and approve the interim financial statements for the six-month period ended 30 June 2022. The equity remained inactive during today’s trading session.

The RF MGS Index trended higher for the first time in four days as it rebounded by 0.27% to 942.767 points. Sovereign bond yields in the euro area moved notably lower reflecting concerns over the health of the single currency economy amid high inflation and the crisis in the energy sector. Meanwhile, fresh data showed that business conditions in Germany deteriorated by more than expected and are now at the worst levels in several months.


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.