Daily Market Highlights (29.11.2022)

Rebound in HSBC lifts the MSE Equity Price Index higher


The MSE Equity Price Index erased yesterday’s drop as it advanced by 0.13% to 3,558.958 points. The uplift reflected the rebound in the share price of HSBC whilst four other equities closed unchanged. Overall trading in equities remained subdued as only €0.04 million worth of shares changed hands. Download today’s Equity Market Summary.

HSBC Bank Malta plc was the most actively traded equity today as it advanced by 2.1% to the €0.73 level after opening at a low of €0.71 (-0.7%). A total of 28,461 shares changed hands.

Also within the retail banking sector, Bank of Valletta plc traded flat at the €0.87 level across 9,627 shares.

FIMBank plc held on to the USD0.22 level on two deals totalling 9,100 shares.

Mapfre Middlesea plc stayed at the €1.50 level across 2,326 shares.

Malta International Airport plc remained at the €5.75 level on low volumes.

The RF MGS Index rose by 0.06% to 903.534 points as eurozone sovereign bond yields trended lower after the publication of lower-than-expected inflation in Spain and Germany. Meanwhile, investor sentiment improved as China eased some of its harsh restrictions related to the Covid-19 pandemic.


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.