Daily Market Highlights (27.02.2023)

BOV dominates trading activity


The MSE Equity Price Index edged slightly lower easing by 0.07% to 3,646.734 points as the decline in BOV outweighed the gain in MPC. Meanwhile, two other equities closed unchanged as total trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

Bank of Valletta plc shed 1.1% to the €0.92 level across seven deals totalling 124,225 shares, representing the large majority of today’s trading value of equities.

Today’s only positive performing equity was Malta Properties Company plc as it surged by 6.5% to the €0.49 level, albeit on a single deal of 3,315 shares. MPC is expected to publish the results for the 2022 financial year on 14 March. The Directors will also consider the declaration of a dividend.

APS Bank plc traded flat at the €0.615 level on two trades totalling 810 shares. APS will publish the results for the 2022 financial year on 9 March. The Directors will also consider the declaration of a dividend, subject to regulatory approval.

International Hotel Investments plc held the €0.60 level on trivial volumes.

The RF MGS Index plunged by 0.63% to 873.613 points as the MGS yield curve based on CBM Bid Prices continued to steepen with the longest-dated MGS maturing in 2052 having a corresponding yield-to-maturity of 4.22%. Meanwhile, the 10-year MGS bid price had a corresponding yield of 3.70%, which in turn is about 110 basis points above its German equivalent. In the Euro Area, economic sentiment registered an unexpected decline in February as the lower confidence in industry and services outweighed the increasing confidence in retail trade and among consumers. The European Commission’s survey showed that the largest drops in sentiment were in Spain and France.


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.