Daily Review 31.01.2024

Four equities push the MSE Equity Price Index higher


The MSE Equity Price Index advanced by 0.39% to 3,770.136 points as the gains in GO, BOV, HSBC, and Tigné Mall outweighed the declines in IHI and APS. Meanwhile, two other equities closed unchanged as overall trading activity in local equities remained muted at just €0.08 million. Download today’s Equity Market Summary.

GO plc recovered yesterday’s losses as it rebounded by 3.2% back to the €3.20 level on two trades totalling 1,300 shares. Shareholders of GO as at the close of trading on Tuesday 16 January 2024 will receive a net interim dividend of €0.15 per share tomorrow.

Bank of Valletta plc rose by 0.8% to the €1.31 level after recovering from an intraday low of €1.28 (1.6%) across six deals amounting to 13,776 shares.

Also in the banking sector, HSBC Bank Malta plc increased by 0.8% to the €1.29 level as 19,000 shares changed hands.

Tigné Mall plc climbed by 1.2% to the €0.83 level on a single deal of 10,000 shares.

On the other hand, APS Bank plc moved 0.9% lower to the €0.545 level on one trade of 5,790 shares.

International Hotel Investments plc shed 0.4% to the €0.452 level over two deals totalling 20,300 shares.

Grand Harbour Marina plc closed unchanged at the €0.90 level as 5,500 shares changed hands.

MaltaPost plc closed unchanged at the €0.47 level after recovering from an intraday low of €0.434 (-7.7%) across three deals totalling 11,500 shares.

Today, MedservRegis plc published an Interim Report providing a preliminary overview of the company’s performance during the 2023 financial year. MedservRegis expects revenues to increase by 9% to around €73 million (2022: €66.9 million). In this respect, the revenue for 2023 is anticipated to be 13.2% higher than the previous forecast of €63.8 million provided in the Financial Analysis Summary dated 26 June 2023. The Group is expected to have held cash and bank deposits in the region of €16 million at the end of 2023. The Board remarked that it remains highly confident in the Group’s prospects for the future.

The RF MGS Index increased for the fourth consecutive session as it rose by 0.15% to a fresh two-week high of 897.673 points. Yesterday, the IMF released an update to its World Economic Outlook, which showed an economic growth recovery and moderating inflation over the upcoming two years. Nonetheless, the eurozone is expected to have one of the lowest economic growth rates in 2024 of 0.9%, increasing to 1.7% in 2025. Elsewhere, a preliminary estimate published today showed that during January 2024 inflation in Germany is expected to decline more than anticipated to a two-and-a-half-year low of 3.1%.


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.