Daily Market Highlights (19.09.2023)

BOV dominates trading activity


The MSE Equity Price Index moved 0.54% higher to 3,696.150 points as the gains in BOV, MIA, and BMIT outweighed the declines PG, Malita, and Harvest. Meanwhile, three other equities closed unchanged as overall trading activity in local equities amounted to €0.19 million. Download today’s Equity Market Summary.

Bank of Valletta plc accounted for most of today’s value in equities traded as it advanced by 1.6% to the €1.26 level across fourteen trades totalling 118,624 shares.

Also among the large companies by market value, Malta International Airport plc rebounded by 2.7% to the €5.70 level over three deals totalling 1,485 shares.

BMIT Technologies plc surged by 3.5% to a one-week high of €0.414 after recovering from an intra-day low of €0.394 (-1.5%) across three trades totalling 19,250 shares.

In contrast, Harvest Technologies plc slumped by 3.5% to €1.36 after partially recovering from an intra-day low of €0.51 (-64%) across three deals totalling 10,250 shares.

PG plc shed 1% to a two-month low of €1.98 on two deals totalling 5,400 shares.

Likewise, Malita Investments plc dropped by 1.7% to a two-month low of €0.59 on a single trade of 9,900 shares.

HSBC Bank Malta plc traded flat at the €1.15 level across four deals totalling 6,055 shares.

Plaza Centres plc and Santumas Shareholding plc both closed unchanged at the €0.65 and €1.28 levels respectively on trivial volumes.

The RF MGS Index declined by a further 0.11% to 861.944 points. Data published by Eurostat today showed that the eurozone inflation rate in August was 5.2%, a 0.1 percentage point decrease from the previous month’s reading. A lower inflation rate was noted across a number of sectors when compared to last month, but the drop in energy costs was also at lower proportions. The inflation rate of Malta was close to the Euro Area average at 5.0%.


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.