Daily Market Highlights (19.05.2022)

Subdued activity on the local Borza


The MSE Equity Price Index erased yesterday’s uplift as it retracted by 0.38% to 3,735.796 points. The drops in four companies offset the gains in GO and Hili Properties whilst IHI and Farsons closed the day unchanged. Trading activity contracted further to just €0.03 million compared to €0.06 million yesterday. Download today’s Equity Market Summary.

Plaza Centres plc was the most actively traded equity today as it slid by 4% to the €0.81 level across 13,000 shares.

FIMBank plc lost 3.4% to a new all-time low of USD0.186 albeit on 1,832 shares.

In the technology segment, the preference shares of RS2 Software plc (2,000 shares) dropped by 1% to the €1.68 level whilst BMIT Technologies plc (17,000 shares) eased by 0.4% to the €0.476 level.

A single deal of 600 shares lifted the share price of GO plc 2% higher back to the €3.18 level.

Hili Properties plc added 0.2% to recapture the €0.25 level on a total of 5,500 shares.

Meanwhile, International Hotel Investments plc (1,010 shares) and Simonds Farsons Cisk plc (200 shares) traded unchanged at €0.75 and €7.85 respectively. Farsons is due to publish its 2021/22 full-year results on 25 May.

The RF MGS Index trended higher for the first time in five days as it rebounded by 0.33% to 987.111 points. The benchmark 10-year German Bund yield dropped back below the 1% mark as volatility surged across international financial markets amid growing concerns over inflation and the health of the global economy at large.


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.