Daily Market Highlights (21.08.2023)

 MSE Equity Price Index drops to three-week low


The MSE Equity Price Index declined for the fifth consecutive session as it eased by a further 0.50% to a three-week low of 3,779.620 points, reflecting the declines in BOV, MIA, BMIT and VBL. Download today’s Equity Market Summary.

Most of today’s trading value was concentrated on VBL plc as a single deal of 500,000 shares pulled the share price 8.7% lower to an all-time low of €0.19.

Bank of Valletta plc posted a three-day negative streak as it shed a further 1.6% to an over two-week low of €1.27 across three trades totalling 4,753 shares.

Also among large equities by market cap, Malta International Airport plc moved 0.9% lower to the €5.70 level on lacklustre volumes. MIA shareholders as of the close of today’s trading will receive a net interim dividend of €0.03 per share, payable by not later than Friday 15 September 2023.

BMIT Technologies plc declined by 1.9% to the €0.41 level on a single trade of 21,500 shares.

The RF MGS Index moved slightly lower by 0.09% to 866.230 points. International sovereign bond yields continued to sustain elevated levels, with the German 10-year bund yield climbing to the 2.7% level and the US 10-year treasury yield at the 4.3% level. Market participants await the US policymakers’ comments at Federal Reserve’s annual symposium which begins on Thursday. Meanwhile, oil prices and European natural gas prices extended gains from the previous weeks, albeit remained well below the levels of last year.


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.