Daily Market Highlights (03.06.2022)

Strong response to the APS Bank IPO


The MSE Equity Price Index rallied by 1.7% to a near 1-month high of 3,781.616 points as the gains of MIA and Farsons outweighed the decline in BOV. Meanwhile, Malta Properties Company plc held on to the €0.52 level on a single deal of 1,500 shares. Overall trading activity in equities was subdued as only €0.03 million worth of shares changed hands. Download today’s Equity Market Summary.

Following the strong response received, today APS Bank plc closed the IPO subscription period. During a video statement, APS Bank CEO Mr Marcel Cassar noted that APS managed to raise over €80 million in new equity, which funds are intended to support the Bank’s growth objectives. Details about the allocation policy will be communicated to the market in due course.

Simonds Farsons Cisk plc extended its recent positive run as it advanced by a further 6% to the €8.85 level across three deals totalling 3,020 shares.

Malta International Airport plc gained 0.8% to recapture the €6.00 level albeit on trivial volumes.

Meanwhile, Bank of Valletta plc eased by 0.6% to the €0.885 level on a single deal of 6,800 shares.

Today, LifeStar Holding plc announced that it will be seeking to dispose of just under 5.9 million of its own shares. LifeStar Holding noted that it will keep the market updated of all relevant developments in due course.

The RF MGS Index trended lower for the sixth consecutive day as it dropped by a further 0.28% to 966.756 points – the lowest level since June 2009. On the economic front, fresh data related to employment in the US exceeded expectations and continued to show the strong underlying dynamics of the US labour market. Moreover, the US unemployment rate stayed at the 3.6% level – the lowest since the onset of the pandemic.


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.