Daily Market Highlights (19.12.2022)

MSE Equity Price Index snaps two-day positive streak


The MSE Equity Price retracted by 1.9% to a 25-month low of 3,459.598 points as the declines in the ordinary shares of RS2, Lombard, and IHI outweighed the gains of BOV and GO. Meanwhile, four other equities closed unchanged as overall trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

International Hotel Investments plc fell by 8.6% to the €0.64 level on a single trade of 42,000 shares.

Also among the large companies by market value, the ordinary shares of RS2 Software plc plunged by 14.3% to the €1.02 level across three trades totalling 7,553 shares.

Lombard Bank Malta plc shed 7.4% to the €1.00 level, albeit on a single trade of 4,000 shares.

In contrast, Bank of Valletta plc climbed 0.6% to the €0.845 on one deal of 10,000 shares.

GO plc advanced by 0.7% to the €2.78 level across four trades totalling 7,500 shares.

Malta International Airport plc traded flat at the €5.65 level across four deals totalling 4,369 shares.

HSBC Bank Malta plc remained at the €0.72 level on a single trade of 10,000 shares.

Also within the banking sector, APS Bank plc traded flat at the €0.60 level on volumes totalling 27,987 shares.

Simonds Farsons Cisk plc held the €7.00 level on muted volumes.

The RF MGS Index remained virtually unchanged at 880.803 points as the price gains across medium-terms MGS were offset by sharp price drops of longer-dated MGS, reflecting a steepening yield curve. Sovereign bond yields across the eurozone continued to increase with the German 10-year bund yield touching a one-month high of 2.20%.   The German business sentiment improved to the highest level since August, above expectations.


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.