Daily Review 29.01.2024

MIA regains the €5.70 level


The MSE Equity Price Index extended last Friday’s uplift with a further gain of 0.46% to 3,768.436 points as the gains in MIA, Farsons, and MPC outweighed the decline in GHM. Meanwhile, five other equities closed unchanged as overall trading activity amounted to €0.11 million. Download today’s Equity Market Summary.

Nearly half of today’s value of equities traded was across the shares of Malta International Airport plc as it climbed 3.6% to a three-week high of €5.70 across sixteen trades totalling 9,110 shares.

Simonds Farsons Cisk plc moved 0.8% higher to the €6.70 level as 1,490 shares changed hands.

Today’s other positive performing equity was Malta Properties Company plc as it advanced by 1.1% to the €0.36 level on a single trade of 2,000 shares.

On the other hand, Grand Harbour Marina plc slumped by 18.2% to the €0.90 level on two deals totalling 5,500 shares.

A single trade of 1,000 shares left the share price of PG plc unchanged at the €2.10 level.

Bank of Valletta plc closed unchanged at the €1.30 level after recovering from an intraday low of €1.29 (-0.8%) across six deals totalling 12,290 shares.

Also in the banking sector, APS Bank plc (17,276 shares), HSBC Bank Malta plc (6,231 shares) and Lombard Bank Malta plc (558 shares) all closed unchanged at the €0.55, €1.28 and €0.855 levels respectively.

The RF MGS Index remained relatively unchanged at 894.492 points as the gains in short-term MGS bid prices were offset by declines in longer-term MGS bid prices reflecting a steepening yield curve. During an interview last Saturday, ECB Governing Council member Francois Villeroy de Galhau said that the current ECB deposit rate has already played a significant role in taming underlying inflation and did not exclude the possibility of a rate cut during the ECB’s next monetary policy meeting. Meanwhile, Dutch policymaker Klaas Knot commented that there is a credible outlook which brings inflation down to the ECB’s target of 2% by 2025. Nonetheless, he does not anticipate any rate cuts before confirmation that wage growth will adapt to the slower inflation.


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.