Daily Market Highlights (14.04.2023)

MSE Equity Price Index climbs to 2-week high


The MSE Equity Price Index advanced by 0.34% to 3,548.091 points as the gains in BOV, HSBC, IHI and Farsons outweighed the declines in MIA and BMIT. Meanwhile, Malita Investments and APS remained unchanged as total trading activity amounted to €0.22 million. Download today’s Equity Market Highlights.

Bank of Valletta plc was today’s most actively traded equity as it moved 1.1% higher to the €0.92 level across nine trades totalling 105,000 shares, representing over 40% of today’s value of equities traded.

Also in the retail banking sector, HSBC Bank Malta plc was today’s best performing equity as it climbed 2.0% to the €1.02 level across twelve trades totalling 65,000 shares.

Simonds Farsons Cisk plc moved 1.5% higher to the €6.95 level across two trades totalling 1,695 shares. Today, Farsons announced that its Annual General Meeting will take place on Thursday 15 June 2023.

One deal of 175 shares pushed the share price of International Hotel Investments plc up by 0.9% to the €0.585 level. Today, IHI announced that its Annual General Meeting will take place on Tuesday 13 June 2023. IHI is set to publish the 2022 results on Tuesday 18 April.

Malta International Airport plc eased by 0.9% to the €5.55 level on two deals totalling 8,200 shares. On Wednesday evening, MIA announced that it recorded 487,117 passenger movements in March 2023, which is the highest ever figure for the month of March, exceeding the previous record of March 2019 by 2%. In aggregate, MIA welcomed 1,245,565 passengers in the first three months of this year, making it the busiest ever first quarter for the airport, exceeding the 1,202,983 passenger movements recorded during the same period in 2019. Meanwhile, the seat load factor for March 2023 stood at 83.5%, compared to 68.4% in March 2022 and 81.3% in March 2019.

BMIT Technologies plc shed 2.2% to the €0.44 level as 1,000 shares exchanged hands.

Malita Investments plc traded flat at the €0.62 level on two deals totalling 1,720 shares.

APS Bank plc held the €0.61 level on a single trade of 2,340 shares.  

Today, RS2 Software plc announced that its Board of Directors is scheduled to meet on Friday 28 April 2023 to consider and approve the financial statements for the year ended 31 December 2022.

The RF MGS Index posted a four-day losing streak as it shed 0.18% to 877.157 points as yields across the Eurozone continued to move higher with the German 10-year bund yield surging to a 1-month high of 2.40% in the afternoon. Today, two of the larger countries within the Eurozone published their inflation report for March. Spain’s annual inflation fell significantly to 3.3% compared to 6% in February, in line with expectations. Additionally, France’s annual inflation dropped down to 5.7% from 6.3% in the previous month, however the reading was slightly higher than the forecasted 5.6% figure. Also within the eurozone, reports highlighted analysts’ predictions of significant price pressures within the European property sector. Recently, the ECB highlighted the vulnerability of the property sector in the short-term due to the current tighter market conditions.


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.