Daily Market Highlights (18.01.2023)

MIA announces 5-year investment plan of €175m

The MSE Equity Price Index eased by 0.15% to a 2-week low of 3,554.395 points as the declines of BOV, Malita, and PG outweighed the gains of HSBC and MIA. Meanwhile, APS Bank plc remained unchanged at the €0.60 level on four deals totalling 19,413 shares. Download today’s Equity Market Summary.

Malta International Airport plc continued to trade in a tight range as it rebounded back to the €5.65 level (+0.9%) on five trades totalling 11,415 shares. Following the close of today’s trading session, MIA announced that the company is investing €175 million in the transformation of the airport in line with the company’s vision to take passenger numbers beyond the record levels of 2019. An amount of €39 million are planned to be disbursed in 2023. MIA also published its targets for 2023 which include passenger movements of 6.3 million (7.7% growth from 2022 and representing 86% recovery of pre-pandemic traffic in 2019). MIA expects to generate revenues of €97 million in 2023 (2019: €100.2 million), EBITDA of €59 million (2019: €63.2 million), and net profit of €29 million (2019: €33.9 million).

Today’s best performing equity – HSBC Bank Malta plc – surged 4% to regain the €0.78 level across twelve trades totalling 65,000 shares.

Malita Investments plc was today’s worst performing equity as it plunged by 5.1% to the €0.65 level on one deal of 80,000 shares.

Bank of Valletta plc moved 3.2% lower to the €0.90 level across four deals totalling 17,093 shares.

A single trade of 17,500 shares pulled the share price of PG plc 1% lower to the €2.06 level.

The RF MGS Index advanced by 0.72% to 890.288 points reflecting the downward movement in eurozone yields. Indeed, the German 10-year bund yield fell below the 2% level for the first time since mid-December. Data published by Eurostat showed that the inflation rate in the eurozone eased to 9.2% in December, the lowest since August 2022, reflecting the lower energy prices of the past few months. Elsewhere, the UK’s consumer price index in December also eased lower to 10.5%.


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.