Daily Market Highlights (03.02.2022)

Hili Finance publishes Bond Prospectus


The MSE Equity Price Index retracted by 0.89% to a fourteen-month low of 3,730.091 points as the declines in the share prices of BOV, PG and Trident Estates outweighed the gains in GO. Meanwhile, MIA, MPC and the ordinary shares of RS2 traded unchanged as overall trading activity in equities contracted to €0.1 million compared to €0.2 million yesterday. Download today’s Equity Market Summary.

Today, Hili Finance Company plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €50 million 4% unsecured bonds maturing in 2027. The proceeds are earmarked to refinance (in part) the acquisition completed in April 2020 of the non-US ship-to-ship operations from marine energy transporter Teekay Tankers Limited, refinance (in full) an equity investment made in Hili Properties plc, and for the general corporate funding purposes. The offer period closes on 4 March or earlier in case of oversubscription.

Bank of Valletta plc shed 5.3% to the €0.805 level across 38,600 shares.

PG plc ended today’s trading session 4.3% lower at the €2.20 level albeit on trivial volumes.

A single deal of 1,505 shares forced the share price of Trident Estates plc to ease by 1.4% to the €1.36 level.

Also in the property sector, Malta Properties Company plc closed the day unchanged at the €0.50 level across 2,500 shares.

Malta International Airport plc stayed at the €5.80 level on a total of 4,987 shares.

Also among the large companies by market value, the ordinary share price of RS2 Software plc remained at the €1.65 level across 4,600 shares.

Meanwhile, GO plc regained the €3.20 level (+0.6%) across 10,000 shares.

The RF MGS Index continued to trend lower as it fell by a further 0.28% to 1,056.726 points. During today’s monetary policy meeting, the European Central Bank signalled its readiness to keep interest rates unchanged and renewed its pledge to only withdraw its pandemic stimulus gradually. Meanwhile, the Bank of England raised interest rates by 25 basis points to 0.50% in a bid to contain the surge in 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.