Daily Market Highlights (19.07.2023)

Four equities drag the MSE Equity Price Index lower


The MSE Equity Price Index declined by 0.49% to 3,769.215 points, reflecting the declines in AX Real Estate, Medserv, MaltaPost and the ordinary shares of RS2. Only MPC closed the session in positive territory, while eight other equities closed unchanged. Overall trading activity in equities amounted to €0.08 million. Download today’s Equity Market Summary.

AX Real Estate plc shed 8.2% to a four-week low of €0.45 on a single trade of 10,000 shares.

Similarly, one deal of 2,948 shares pulled the share price of MaltaPost plc 20% lower to an over 10-year low of €0.36.

The ordinary shares of RS2 Software plc closed 3.7% lower to the €1.30 level after partially recovering from an intra-day low of €1.09 (-19.3%) across four deals totalling 7,825 shares.

MedservRegis plc eased by 0.8% to a three-week low of €0.65 on one trade of 1,579 shares.

In contrast, Malta Properties Company plc gained 2.5% to the €0.41 level on muted activity.

BMIT Technologies plc and its parent company GO plc closed unchanged at the €0.41 and €3.00 levels respectively. Today, both companies announced that their Board of Directors are scheduled to meet on Friday 4 August 2023 and 7 August 2023 respectively to consider and approve the interim financial statements for their six-month periods ended 30 June 2023. Shareholders of GO as at close of trading on Monday 24 July 2023 will be entitled to receive a net interim dividend of €0.07 per share, which is payable on Monday 7 August 2023.

Bank of Valletta plc closed unchanged at the €1.24 level as 15,900 shares changed hands.

Also in the banking sector, Lombard Bank Malta plc held the €0.92 level on a single trade of 3,240 shares.

Simonds Farsons Cisk plc (596 shares) and PG plc (5,000 shares) traded flat at the €6.75 and €1.98 levels respectively.

Likewise, Malta International Airport plc traded flat at the €5.60 level across two deals totalling 1,202 shares. MIA’s Board of Directors is scheduled to meet on Tuesday 1 August 2023 to consider and approve the interim financial statements for the period ended 30 June 2023. The Directors will also consider the declaration of an interim dividend.

MIDI plc closed unchanged at the €0.258 level on a single trade of 18,000 shares.

The RF MGS Index gained 0.52% to a fresh six-week high of 877.835 points. In the Euro Area, the annual inflation rate in June dropped to 5.5% in June, down from 6.1% in May 2023, driven by the sharper drop in energy prices. In fact, the annual inflation rate in June excluding energy remained relatively unchanged at 6.9% compared to 7% last month. Meanwhile, in the United Kingdom, year-over-year consumer price inflation dropped to 7.9%. This was the lowest level registered in more than a year and also lower than expectations of 8.2%. The decrease was primarily attributed to the drop in prices for food and energy.


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.