Daily Market Highlights (15.09.2023)

MSE Equity Price Index virtually unchanged on muted activity


The MSE Equity Price Index moved just 0.05% higher to 3,697.281 points as the gain in MIA was largely offset by the decline in BOV. Meanwhile, Lombard and Plaza closed the session unchanged. Download today’s Equity Market Summary.

Plaza Centres plc was today’s most actively traded equity as it closed unchanged at the €0.65 level after opening at a low of €0.605 (-6.9%). A total of 130,000 shares exchanged hands.

Lombard Bank Malta plc closed unchanged at the €0.90 level after recovering from an intraday low of €0.83 (-7.8%) across volumes totalling 62,642 shares. Shareholders as at the close of today’s trading will be entitled for a 2-for-3 rights issue of new ordinary shares at a price of €0.75 per new ordinary share.

Malta International Airport plc continued to trade in a tight range as it advanced by 1.8% to the €5.70 level on muted activity.

Bank of Valletta plc extended yesterday’s losses as it shed a further 0.8% to the €1.24 level across two deals totalling 8,630 shares.

The RF MGS Index climbed 0.15% to 865.951 points largely driven by higher CBM Bid Prices for longer term MGS, reflecting a flattening yield curve. Yesterday, the ECB remarked that it expects economic growth within the eurozone to remain subdued, but still opted to extended monetary policy tightening through an additional 25-basis points rate hike. Elsewhere in the US, preliminary estimates showed that consumer sentiment fell to the lowest level in three months in September.


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.