Daily Review 27.05.2024

MSE Equity Price Index snaps 3-day losing streak


The MSE Equity Price Index rose by 0.13% to 3,698.775 points driven by the gains in MIA which outweighed the declines in MedservRegis and The Convenience. Meanwhile, six equities closed unchanged as the total trading activity in local equities amounted to €0.14 million. Download today’s Equity Market Summary.

Malta International Airport plc rose by 1.8% to the €5.70 level across four deals totalling 7,518 shares.

MedservRegis plc shed 3.3% to an almost one-year low of €0.58 on two trades of 32,000 shares.

A single trade of 1,200 shares pulled the share price of The Convenience Shop (Holding) plc 1% lower to the €1.04 level.

APS Bank plc closed unchanged at the €0.52 level after recovering from an intraday low of €0.51 (-1.9%) across eight deals totalling 46,292 shares.

Also in the banking sector, Bank of Valletta plc traded flat at the €1.40 level across three deals amounting to 36,184 shares. BOV is holding its Annual General Meeting on Friday 31 May.

MIDI plc closed unchanged at the €0.25 level on a single deal of 8,145 shares. Today, MIDI started trading without the entitlement of the net dividend of €0.009 per share.

Plaza Centres plc traded flat at the €0.63 level as 6,385 shares changed hands.

Also in the property sector, Malta Properties Company plc remained at the €0.34 level on muted activity.

Simonds Farsons Cisk plc held the €6.75 level across trivial volumes. On Wednesday 29 May, Farsons is expected to publish the results for the financial year ended 31 January 2024.

The RF MGS Index extended last week’s losses as it fell by a further 0.06% to a fresh four-week low of 887.622 points. During an interview, the chief economist of the ECB Philip Lane confirmed that the ECB is ready to cut rates during next week’s monetary policy meeting. Nonetheless, he stated that monetary policy will need to remain restrictive to ensure that inflation can continue to ease further. In particular, Mr Lane noted that wage growth was still high and not expected to stabilise until 2026.


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