Daily Market Highlights (18.07.2022)

MSE Equity Price Index eases on subdued volumes


The MSE Equity Price Index extended last Friday’s decline as it slipped by a further 0.22% to 3,711.907 points. RS2, VBL and Plaza trended in negative territory whilst APS and IHI closed the day unchanged. Overall trading activity remained weak as only €0.05 million worth of shares changed hands. Download today’s Equity Market Summary.

The ordinary shares of RS2 Software plc retracted by 0.6% to the €1.54 level after partially rebounding from an intra-day low of €1.50 (-3.2%). A total of 10,050 shares traded.

A single deal of 50,000 shares forced the share price of VBL plc to move 0.8% lower back to the €0.25 level.

Also in the property segment, Plaza Centres plc plunged almost 33% to the €0.55 level albeit on just 8,200 shares.

APS Bank plc traded flat at the €0.66 level across 1,947 shares.

Three deals totalling 15,729 shares left the share price of International Hotel Investments plc at the €0.75 level.

Today, HSBC Bank Malta plc announced that it will be publishing its interim financial statements on Monday 1 August. Similarly, BMIT Technologies plc noted that its Board of Directors is scheduled to meet on Friday 5 August to consider and approve the interim financial statements for the six-month period ended 30 June 2022. Separately, BMIT’s parent company – GO plc – announced that it will publish its interim results on Tuesday 9 August. All three equities remained inactive today.

The RF MGS Index opened the week sharply lower as it fell by 0.54% to 938.725 points. Sovereign bond yields in the euro area surged as the 10-year German Bund yield resurfaced above the 1.2% mark ahead of next Thursday’s highly anticipated monetary policy meeting by the European Central Bank. Meanwhile, the political situation in Italy remained uncertain after last week’s resignation of Prime Minister Mario Draghi was refused by President Sergio Mattarella. Despite this development, many political observers are still expecting the country to go to the polls by October.


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.