Daily Market Highlights (13.11.2023)

MSE Equity Price Index drops to six-month low


The MSE Equity Price Index moved 1.03% lower to the lowest level in six months of 3,580.057 points as the declines in BOV, Hili Properties, Mapfre Middlesea and the ordinary shares of RS2 outweighed the gains in GO and MaltaPost. Meanwhile, three other equities closed unchanged as the trading activity in local equities amounted to €0.17 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed 2.4% to an almost one-month low of €1.21 across thirteen deals totalling 59,423 shares. BOV shareholders at the close of trading on Friday 17 November 2023 will receive a net interim dividend of €0.03 per share on Wednesday 6 December 2023.

BOV’s insurance associate – Mapfre Middlesea plc – moved 2.3% lower to the €1.27 level on two trades totalling 1,655 shares.

The ordinary shares of RS2 plc slumped by 12.5% to an almost five-month low of €1.05 across three deals totalling 11,000 shares.

A single trade of 8,300 shares pulled the share price of Hili Properties plc 2.8% lower to the €0.21 level.

MaltaPost plc closed the session at a seven-month high of €0.54 over five trades totalling 12,970 shares, albeit most of the trades took place at the €0.40 level. In fact, today’s volume-weighted average price was at €0.4002. Last Friday, MaltaPost announced that its Board of Directors is scheduled to meet on Tuesday 19 December 2023 to consider and approve the financial statements for the year ended 30 September 2023.

GO plc advanced by 0.7% to the €2.72 level, albeit on trivial volumes.

Meanwhile, Malta International Airport plc closed unchanged at the €5.50 level across three deals totalling 13,280 shares.

The shares of APS Bank plc and M&Z plc remained unchanged at the €0.57 and €0.64 levels respectively on muted activity.

The RF MGS Index eased by 0.04% to 860.608 points as eurozone sovereign bond yields remained practically range bound. Meanwhile in the US, last Friday, credit rating agency Moody’s lowered its outlook on the US from stable to negative, amid large fiscal deficits and a drop in debt affordability. The rating agency also noted that the continued political polarisation within US Congress puts further risks to a consensus on a fiscal plan.


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.