Daily Market Highlights (23.12.2022)

BOV, HSBC & GO push the MSE Equity Price Index higher

The MSE Equity Price Index advanced by 0.61% to 3,545.620 points reflecting the gains of BOV, GO and HSBC. Meanwhile, Simonds Farsons Cisk plc remained at the €6.80 level on trivial volumes. Trading on the MSE will resume on Tuesday 27 December 2022. Download today’s Equity Market Summary.

Bank of Valletta plc rebounded by 3.1% to regain the €0.825 level on a single trade of 2,000 shares.

Also within the retail banking sector, HSBC Bank Malta plc moved 0.7% higher to the €0.72 level across two trades totalling 2,700 shares.

GO plc was today’s most actively traded equity as five deal totalling 2,586 shares pushed up the share price 2.9% to €2.86.

Today, Hili Properties plc announced that it has entered into a sale and purchase agreement to acquire the remaining 25% of Baneasa Real Estate S.R.L., the company owning the MIRO Office Building located in Bucharest, Romania. Hili Properties had acquired 75% of the company earlier this year. The equity remained inactive today.

The RF MGS Index shed 0.51% to 870.133 points as eurozone sovereign bond yields extended their upward trend with the German 10-year bund yield reaching a two-month high of 2.4%. In the US, personal consumption expenditure increased by 5.5% in November when compared to the previous year, marking the lowest annual increase since October 2021.

The Central Bank of Malta released its latest economic update which showed a marginal increase in business activity in November. Economic sentiment also improved when compared to the previous month. Inflation was at 7.2% in November, marginally lower than the previous month.

Today, Mariner Finance plc published the results with respect to the recent offer of €44 million 5.00% unsecured bonds maturing in 2032. In total, Mariner Finance received applications for a value of €36.9 million and all applications were allocated in full. The interest on the new bonds commenced on 16 December 2022. The new bonds are expected to be admitted to listing on the Malta Stock Exchange by 3 January 2023 and trading is expected to commence on 4 January 2023.



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.