Daily Market Highlights (17.01.2023)

Trading activity in equities surges to 3-month high


The MSE Equity Price Index eased by 0.58% to 3,559.541 points reflecting the declines of BMIT, GO, HSBC, IHI, and MIA. Meanwhile, four other equities closed unchanged as overall trading activity reached the highest level since mid-October 2022 at €0.45 million. Download today’s Equity Market Summary.

Malta International Airport plc fell by 0.9% to the €5.60 level on five trades totalling 36,250 shares, representing nearly half of today’s trading value of equities.

Also among the large companies by market value, International Hotel Investments plc extended yesterday’s decline as it eased by 0.8% to a 6-month low of €0.60, albeit on just one deal of 4,500 shares.

HSBC Bank Malta plc was today’s worst performing equity as it shed 4.5% to the €0.75 level across two trades totalling 9,000 shares.

GO plc moved 0.7% lower to the €2.78 level across two deals totalling 988 shares.

GO’s data centre and IT services subsidiary – BMIT Technologies plc – dropped by 2.2% to the €0.45 level on volumes totalling 4,000 shares.

Also within the technology sector, the ordinary shares of RS2 Software plc remained at the €1.19 level after recovering from an intraday low of €1.14 (-4.2%) on heightened activity of 120,000 shares.

PG plc traded flat at the €2.08 level on two deals totalling 27,850 shares.

One deal of 50,000 shares left the share price of Malta Properties Company plc at the €0.452 level.

Bank of Valletta plc closed unchanged at the €0.93 level after recovering from an intraday low of €0.88 (-5.4%) across five trades totalling 13,000 shares.

The RF MGS Index remained virtually unchanged at 883.888 points. Germany’s economic sentiment return to positive territory for the first time since February last year amid improvements in the economic outlook of Europe’s largest economy following more favourable energy market dynamics. Meanwhile, the inflation rate in Germany stood at 9.6% in December in line with expectations and the lowest since September 2022. Italy’s inflation rate in December also eased from the previous months but remained more elevated at 12.3%.


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.