Daily Market Highlights (19.09.2022)

Activity in Lombard shares takes centre stage


The MSE Equity Price Index opened the week in positive territory as it advanced by 0.23% to 3,615.444 points. The gains in the share prices of Hili Properties, Mapfre Middlesea and M&Z outweighed the declines in APS, MPC, Plaza and RS2. Meanwhile, IHI and Lombard closed unchanged as overall trading activity amounted to €0.13 million. Download today’s Equity Market Summary.

Most of today’s trading activity took place in the shares of Lombard Bank Malta plc which held on to the €1.95 level after opening at a low of €1.90 (-2.6). A total of 45,166 shares changed hands having a market value of €0.09 million.

International Hotel Investments plc traded flat at the €0.705 level across five deals totalling 30,423 shares.

Also among the large companies by market value, the ordinary shares of RS2 Software plc dropped by 1.4% to the €1.36 level on 3,000 shares.

APS Bank plc eased by 0.8% to the €0.64 level across 12,230 shares.

Plaza Centres plc and Malta Properties Company plc trended lower albeit in light volumes. Plaza shed 2.5% to the €0.78 level whilst MPC moved 1.9% lower to the €0.53 level.

Within the same sector, Hili Properties plc advanced by 0.9% to the €0.222 level across 4,000 shares.

A single deal of 1,993 shares lifted the share price of M&Z plc 1.4% higher back to the €0.72 level.

Mapfre Middlesea plc was the best performing equity today as it surged by 11.3% to the €1.67 level albeit on just 1,000 shares.

The RF MGS Index rebounded by 0.04% to 905.609 points as movements across international financial markets remained volatile ahead of next Wednesday’s US Federal Reserve monetary policy meeting. Indeed, the 10-year US Treasury yield touched the 3.5% level for the first time since April 2011.


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.