Daily Market Highlights (16.08.2022)
BOV drops to two-month low
The MSE Equity Price Index shed 0.53% to 3,657.274 points as the declines in BOV, APS, GO, Farsons and Harvest outweighed the gains in PG, BMIT and the ordinary shares of RS2. Meanwhile, MIA and FIMBank closed the day unchanged as overall trading activity in equities amounted to just under €0.10 million. Download today’s Equity Market Summary.
Bank of Valletta plc was today’s worst performing as well as most actively traded equity as it shed 4% to a 2-month low of €0.85 across six deals totalling 44,618 shares.
Also in the retail banking sector, APS Bank plc eased by 0.8% to the €0.65 level on two trades totalling 14,950 shares.
GO plc declined by 1.3% to the €3.00 level as 3,045 shares changed hands.
A single trade of 3,360 shares pulled the share price of Harvest Technology plc 1.6% lower to the €1.26 level. Harvest shareholders as at close of trading tomorrow are entitled to a net interim dividend of €0.02 per share.
Simonds Farsons Cisk plc slid by 0.6% to the €7.65 level on low volumes.
PG plc moved 0.9% higher to the €2.16 level on a single trade of 500 shares.
The ordinary shares of RS2 Software plc gained 0.7% to the €1.51 level on two deals totalling 1,300 shares. RS2 will be publishing its interim financial statements on 23 August.
BMIT Technologies plc was today’s best performing equity as it advanced by 2.1% to regain the €0.48 level on volumes of 10,300 shares.
Malta International Airport plc traded flat at the €5.95 level as 3,510 shares changed hands.
FIMBank plc held the USD0.20 level on a single trade of 17,417 shares. FIMBank is expected to publish its interim financial results on Thursday 18 August 2022.
The RF MGS Index advanced by 0.48% to 957.895 points. The ZEW Indicator for Economic Sentiment in the eurozone fell to the lowest level since November 2011 as the economic outlook remains uncertain amid volatile energy prices and prospects of further monetary policy tightening. The economic sentiment was predominantly weak for Germany as the euro area’s largest economy remains largely exposed to the repercussions of the conflict in Ukraine.
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.