Daily Market Highlights (15.11.2022)

Low activity persists on the local Borza


The MSE Equity Price Index trended higher today as the gains in Lombard, BOV and PG offset the drop in Farsons. Meanwhile, five equities closed the day unchanged as overall trading activity amounted to €0.07 million. Download today’s Equity Market Summary.

Lombard Bank Malta plc surged to the €1.51 level from the post-share split price of €0.975. A total of 11,360 shares traded.

Also in the retail banking segment, Bank of Valletta plc added 2.3% to recapture the €0.89 level across 21,353 shares.

The other positive performing equity was PG plc with a gain of 1% to the €2.12 level albeit on just 1,897 shares.

Low trading activity also took place in the equities of APS Bank plc (€0.61), HSBC Bank Malta plc (€0.73), and Mapfre Middlesea plc (€1.50) which ended the day unchanged.

Malta International Airport plc remained at the €5.80 level across 1,870 shares. Last Friday, MIA raised its key performance targets for this year. The airport operator is now expecting to welcome more than 5.7 million passengers (compared to the previous forecast of 5.4 million) whilst it is anticipating a net profit after tax credit of over €37 million.

A single deal of 7,800 shares left the share price of Plaza Centres plc at the €0.73 level.

Meanwhile, Simonds Farsons Cisk plc retracted by 2.6% back to the €7.50 level across 1,000 shares.

The RF MGS Index eased by 0.05% to 886.751 points as further economic data published today across the euro area was more positive than previously anticipated. Elsewhere in the US, further indications emerged that the pace of inflation is slowing.

Today, the Treasury announced the issue of €200 million Malta Government Stock in any one or any combination of the following two stocks: (i) the 3.40% MGS 2027 (VI); and (ii) the 3.70% MGS 2030 (II). The offer may be increased by an additional €150 million in case of oversubscription. Applications in the form of sealed bids (auction) for a minimum of €0.5 million open on Friday 25 November and close on the same day.


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.