Daily Stock Market Review – October 6, 2022

The MSE Equity Price Index snapped a four-day positive streak as it eased by 0.07% to 3,653.869 points.

The declines in the share prices of APS, HSBC and MPC outweighed the gain in GO whilst BOV closed the day unchanged.

Overall trading activity in equities contracted to €0.07 million compared to €0.11 million yesterday. 

Today, the Treasury Department established the prices for the two new Malta Government Stocks as follows: (i) the 3.40% MGS 2027 (VI) at 101.25% for every €100 nominal giving a yield-to-maturity of 3.124% per annum and (ii) the 4.00% MGS 2032 (VII) at 100.00% for every €100 nominal giving a yield-to-maturity of 4.000% per annum.

The total aggregate amount is €200 million subject to an over-allotment option of up to a further €100 million.

The General Public has the possibility of applying in any of these issues in multiples of €100 and up to a maximum amount of €100,000 (nominal) per person. Subscriptions for the General Public open on Monday, October 10 and close on Wednesday October 12 or earlier in the case of over-subscription.

Bank of Valletta plc was the most actively traded equity today as it held on to the €0.90 level after opening at a low of €0.88...