Daily Market Highlights (20.02.2023)

BOV and PG pull the MSE Equity Price Index lower


The MSE Equity Price Index posted a four-day losing streak as it dropped by 0.74% to 3,573.132 points largely reflecting the declines of BOV and PG. Meanwhile, three other equities closed unchanged as overall trading activity was muted at just over €20,300. Download today’s Equity Market Summary.

Bank of Valletta plc fell 3.2% to the €0.91 level on a single deal of 1,587 shares.

Similarly, one trade of 900 shares pulled the share price of PG plc 5.8% lower to a two-year low of €1.96.

Loqus Holdings plc plunged 12% to the €0.22 level, albeit on trivial volumes.

Most of today’s trading took place in the shares of Malta International Airport plc with 1,587 shares changing hands. The share price of MIA closed unchanged at the €5.65 level after recovering from a low of €5.60 (-0.9%). MIA’s Board of Directors is scheduled to meet on Wednesday 22 February 2023 to consider and approve the financial statements for the financial year ended 31 December 2022. The Directors will also consider the declaration of a dividend.

APS Bank plc remained at the €0.59 level across 7,747 shares.

BMIT Technologies plc stayed at the €0.45 level on lacklustre activity.

The RF MGS Index gained 0.37% to 880.225 points as eurozone yields opened the week at lower levels. While EU natural gas prices are expected to increase in the coming days amid forecasts of colder weather and lower production from alternative sources of energy, natural gas prices are still about 85% below the record levels of August 2022.


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.