Daily Market Highlights (02.11.2022)

MedservRegis files application for a new bond issue


The MSE Equity Price Index moved sharply lower to 3,643.532 points (-1.07%) reflecting the declines in five companies including Farsons, HSBC, BOV and GO. On the other hand, MIA, RS2 and AX Real Estate closed the day unchanged as overall trading activity in equities improved markedly to €0.19 million. Download today’s Equity Market Summary.

Today, MedservRegis plc announced that it filed an application with the MFSA requesting admissibility to listing of a maximum of €13 million 5% secured bonds redeemable in 2029 to be issued at par. The net proceeds from the new bonds are earmarked for the redemption of the €13 million 6% secured bonds 2020/23. MedservRegis noted that it will be giving preference to holders of the 6% secured bonds 2020/23 as at close of trading on 7 November 2022 to subscribe to the new bonds. More information on the new bond issue and the related prospectus will be issued once the company obtains regulatory approval. The equity remained inactive today.

Simonds Farsons Cisk plc drifted 5% lower to the €7.55 level across 5,045 shares.

In the retail banking segment, both HSBC Bank Malta plc and Bank of Valletta plc ended the day in negative territory. HSBC lost 3.3% to the €0.74 level on 14,840 shares whilst a single deal of 5,000 shares forced the share price of BOV to ease by 0.6% back to the €0.90 level.

Also among the large companies by market value, GO plc retraced by 1.4% to its two-year low of €2.92 across 10,000 shares.

The other negative performing equity today was MIDI plc as it plunged 20% to the €0.272 level albeit on trivial volumes.

Within the same sector, AX Real Restate plc stayed at the €0.535 level on light volumes.

Five deals totalling 38,400 shares left the ordinary share price of RS2 Software plc at the €1.38 level. Tomorrow, the equity turns ex-bonus.

Malta International Airport plc held on to the €5.80 level across 10,000 shares.

The RF MGS Index erased yesterday’s uplift as it shed 0.35% to 886.658 points. Volatility across international financial markets remained elevated ahead of the conclusion of the Federal Reserve’s monetary policy meeting. On the economic front, manufacturing activity across the single currency block dropped by more than expected to the lowest level since mid-2020. Meanwhile in relation to the war in Ukraine, Russia said it was rejoining a deal allowing grain shipments from Ukraine’s ports after it suspended its participation in the deal in response to an attack on Russian naval ships in Crimea.


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.