Daily Market Highlights (18.08.2022)

Subdued activity across local equities


The MSE Equity Price Index increased by 0.14% to 3,660.690 points as the gains in APS, FIMBank and GO outweighed the declines in HSBC and Farsons. Meanwhile, BOV and PG closed the session unchanged as overall trading activity in equities fell to a 2-week low of €0.05 million. Download today’s Equity Market Summary.

FIMBank plc was today’s best performing and most actively traded equity as it surged by 10% to the USD0.22 level across four deals totalling 82,366 shares. FIMBank is expected to announce its interim results today.

Also in the banking sector, APS Bank plc closed the session 0.8% higher at the €0.655 level after recovering from an intraday low of €0.64 (-1.5%) across seven trades totalling 18,240 shares.

GO plc advanced by 2.7% to the €3.08 level on a single trade of 1,000 shares.

Meanwhile, Simonds Farsons Cisk plc lost 2.6% to the €7.45 level as 1,445 shares changed hands.

A single trade of 1,853 shares pulled the share price of HSBC Bank Malta plc 2.6% lower to the €0.74 level.

Bank of Valletta plc held on to the €0.85 level on one deal of 4,273 shares.

PG plc remained at the €2.16 level on low volumes. PG is expected to announce its full-year results for the financial year ended 30 April 2022 on Thursday 25 August 2022.

The RF MGS Index extended yesterday’s drop as it moved 0.71% lower to 944.610 points as eurozone sovereign bond yields moved higher following yesterday’s publication of the latest Federal Reserve monetary policy meeting minutes. These showed that Fed officials are likely to continue policy tightening through further rate hikes to tame the high inflation that remained persistent for longer than anticipated. On the local front, the annual inflation rate in Malta reached 6.8% in July, largely impacted by higher prices for food and non-alcoholic beverages.


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.