Daily Market Highlights (13.01.2023)

RF MGS Index up 1.5% this week as yields ease

The RF MGS Index moved higher for the fifth consecutive session as it advanced by 0.11% to 886.753 points. Indeed, throughout this week, the Index gained 1.46% reflecting the sustained decline in eurozone yields over the past days from their recent highs. Data published today showed that Germany’s economy advanced by 1.9% in 2022, marginally above expectations. Despite being severely impacted by the energy crisis following Russia’s invasion of Ukraine and the surge in inflation, Europe’s largest economy continued to grow through increased private consumption and public spending. Download today’s Equity Market Summary. 

Meanwhile, the MSE Equity Price Index remained virtually unchanged at 3,582.507 points as the gain of BMIT was largely offset by the decline of VBL. Meanwhile, six other equities closed unchanged as overall trading activity amounted to €0.05 million.

BMIT Technologies plc rebounded back to the €0.46 level (+2.2%) on a single trade of 2,000 shares.

In contrast, VBL plc eased by 1.5% to the €0.264 level across one deal of 19,000 shares.

Malta International Airport plc was the most actively traded equity today as it remained at the €5.65 level after recovering from a low of €5.60 (-0.9%) across nine deals totalling 5,505 shares.

Lombard Bank Malta plc retained the €0.90 level on a single trade of 11,797 shares.

Mapfre Middlesea plc held the €1.50 level on one trade of 2,500 shares.

A single trade of 2,000 shares left the share price of Malita Investments plc at its lowest level in over eight years of €0.60.

Also in the property sector, Hili Properties plc and Malta Properties Company plc held the €0.24 and €0.452 levels respectively, albeit on trivial volumes.



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.