Daily Market Highlights (25.05.2023)

Trading activity led by BOV and HSBC


The MSE Equity Price Index snapped a three-day losing streak as it advanced by 0.66% to 3,663.413 points as the gains in BOV and HSBC and the ordinary shares of RS2 outweighed the declines in BMIT, Hili Properties, and Malita. Meanwhile, four other equities closed unchanged as total trading activity amounted to €0.16 million. Download today’s Equity Market Summary.

Bank of Valletta plc was the most actively traded equity for the fourth consecutive session as 59,516 shares exchanged hands, having a market value of €0.07 million. The share price of BOV climbed 3.7% higher to the €1.13 level. BOV held its Annual General Meeting today, in which all proposed resolutions were approved.

Also within the banking sector, HSBC Bank Malta plc rebounded by 1.9% to the €1.10 level across five trades totalling 36,579 shares.

The ordinary shares of RS2 Software plc closed 1.8% higher to the €1.12 level after recovering from an intraday low of €0.90 (-18.2%), albeit on trivial volumes.

A single deal of 55,500 shares pulled the share price of Hili Properties plc down by 3.5% to the €0.22 level.

BMIT Technologies plc shed 4.7% to an all-time low of €0.41 on one trade of 6,950 shares.

Malita Investments plc eased by 0.8% to a one-month low of €0.63 on muted activity.

PG plc held the €1.90 level across one deal of 14,700 shares.

Malta International Airport plc traded flat at the €5.55 level across five deals totalling 1,458 shares.

International Hotel Investments plc held the €0.56 level as 3,500 shares exchanged hands. The Annual General Meeting of IHI will be held on Tuesday 13 June.

Similarly, Malta Properties Company plc stayed at the €0.40 level across three trades totalling 1,157 shares.

The RF MGS Index moved higher for the first time in three sessions as it gained 0.11% to 869.477 points. Data published today showed that the German GDP contracted by 0.3% in Q1 2023. Since the eurozone’s largest economy had also shrunk in the previous quarter, the German economy is now classified as being in a recession. The country was notably impacted by sanctions with Russia, which in turn was its main energy provider. The impact also translated into lower household consumption and a decline in new car purchases. Meanwhile, the higher borrowing costs for the German government also led to lower spending. Yesterday, the minutes of the latest Federal Reserve monetary policy meeting did not indicate whether further rate hikes will be pursued, but officials stated that future decisions will be based on updated economic projections.


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.