Daily Market Highlights (26.10.2022)

Heightened activity in PG shares


The MSE Equity Price Index rebounded by 0.78% to 3,637.035 points as the gains in IHI, HSBC and MIA offset the declines in BOV and MPC whilst a further four companies closed the day unchanged. Trading activity in equities surged to €0.23 million largely on the back of the strong volumes transacted in PG plc which remained at the €2.10 level across 85,000 shares having a market value of €0.18 million. Download today’s Equity Market Summary.

Simonds Farsons Cisk plc also traded flat at the €7.55 level on a total of 2,592 shares.

Two deals totalling 24,100 shares left the share price of MaltaPost plc at the €1.11 level.

AX Real Estate plc stayed at the €0.535 level albeit on shallow volumes.

Light trading activity also place in the equities of Bank of Valletta plc and Malta Properties Company plc. BOV retracted back to the €0.91 level (-0.5%) whilst MPC drifted 0.4% lower to the €0.498 level.

Meanwhile, Malta International Airport plc advanced by 0.9% to recapture the €5.85 level albeit on just 500 shares. Today, MIA announced that following the approval by the European Commission of a state aid measure to compensate MIA for the losses suffered during the pandemic, it has now been established that the approved sum of €12 million will be granted in the form of tax credit. The measure is expected to support MIA in the implementation of its investment programme in the airport infrastructure, along with its endeavours to restore 2019 passenger activity by rebuilding Malta’s route network together with existing and new partner airlines. The airport operator also reiterated that it expects to welcome more than 5.4 million passengers in 2022, which would translate into a recovery of 74% of 2019’s record traffic.

HSBC Bank Malta plc trended 2.7% higher to the €0.77 level across 3,156 shares.

The other positive performing equity today was International Hotel Investments plc as it surged by 5.6% to regain the €0.75 level albeit on trivial volumes.

The RF MGS Index trended in positive territory for the fourth consecutive day as it advanced by a further 0.52% to 881.915 points. Ahead of tomorrow’s ECB monetary policy meeting, sovereign bond yields in the euro area drifted somewhat lower amid further evidence of slower economic activity across the globe whilst investors were also attentive to developments in the US whereby a number of large technology companies are reporting their quarterly performances.


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.