Daily Market Highlights (27.12.2021)

MSE Equity Price Index climbs to over 5-week high

 

The MSE Equity Price Index opened the week in positive territory as it added 0.9% to an over five-week high of 3,835.312 points. Several equities ended the day higher including BOV, GO, Farsons and MIA. On the other hand, only HSBC trended lower whilst a single deal of 2,070 shares left the share price of PG plc at the €2.40 level. Download today’s Equity Market Summary.

Bank of Valletta plc surged by 2.9% to the €0.895 level across 22,950 shares.

BOV’s insurance associate – Mapfre Middlesea plc – also performed positively today with a gain of 2.7% to the €2.26 level on 2,250 shares.

GO plc recaptured the €3.36 level (+3.1%) albeit on trivial volumes.

GO’s data centre and managed IT subsidiary – BMIT Technologies plc – moved 1.7% higher to the €0.48 level across 33,500 shares.

Simonds Farsons Cisk plc (375 shares) and Malta Properties Company plc (450 shares) added 2.4% and 3.8% to €8.50 and €0.55 respectively.

The other positive performing equity today was Malta International Airport plc with a gain of 0.9% to €5.70 albeit on insignificant volumes.

Also among the large companies by market value, HSBC Bank Malta plc retracted by 2.2% back to the €0.90 level across 41,852 shares.

The RF MGS Index extended its recent negative trend as it slid by a further 0.49% to an eight-week low of 1,079.609 points. Sovereign bond yields in the euro area continued to inch higher as positive sentiment across international financial market persisted further despite a surge in new Omicron variant cases around the world. The 10-year German Bund Yield climbed to a one-month high of -0.23% whilst the corresponding yields on Italian and Spanish government bonds also trended to the highest level in eight weeks.

 

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.

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