Daily Review 30.01.2024

Muted trading activity across local equities


The MSE Equity Price Index fell by 0.34% to 3,755.635 points as the declines in GO and Farsons outweighed the gain in Plaza. Meanwhile, six other equities closed unchanged as overall trading activity was muted at just €0.04 million. Download Equity Market Summary.

GO plc shed 3.1% to the €3.10 level on two trades of 330 shares. Shareholders of GO as at the close of trading on Tuesday 16 January 2024 will receive an interim dividend equivalent to €0.15 per share on Thursday 1 February.

Also among large companies by market value, Simonds Farsons Cisk plc moved 2.2% lower to the €6.55 level as 618 shares changed hands.

Plaza Centres plc gained 3.3% to the €0.62 level on a single deal of 5,060 shares.

A single trade of 700 shares left the share price of Malta International Airport plc unchanged at the €5.70 level.

Lombard Bank plc closed unchanged at the €0.855 level after failing to hold onto an intra-day high of €0.86 (+0.6%) across three deals totalling 9,507 shares. Lombard.

Also in the banking sector, APS Bank plc also closed unchanged at the €0.55 level after recovering from an intraday low of €0.54 (-1.8%) across four trades amounting to 12,302 shares.

Trident Estates plc held the €1.21 level on one deal of 3,442 shares.

BMIT Technologies plc closed unchanged at the €0.388 level across two trades totalling 16,881 shares.

Similarly, MaltaPost plc also closed unchanged at the €0.47 level over three deals totalling 7,910 shares. The volumed-weighted trading price for MaltaPost was €0.447 (-4.9%).

The RF MGS Index increased for the third consecutive period as it rose by 0.21% to a two-week high of 896.364 points. Data estimates released today showed that the eurozone economy has likely avoided recession in 2023 contrary to projections. In this respect, the GDP of the Euro Area remained unchanged in the last quarter of last year, when compared to the previous quarter, and registered a minimal year-on-year growth of 0.1%. Notably, the higher-than-expected growth in the Spanish and Italian economies managed to offset the 0.3% contraction in Germany, the largest economy in the eurozone.


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.