Daily Market Highlights (03.12.2021)

BOV to consider an interim dividend


The MSE Equity Price Index closed 0.51% higher at 3,774.207 points as the gains in the share prices of HSBC and Mapfre Middlesea outweighed the declines in MIA and PG. Meanwhile, another five companies ended the day unchanged as the total value of shares traded was rather subdued at just €0.03 million. Download today’s Equity Market Summary.

Bank of Valletta plc remained at the €0.85 level on low volumes. Following the close of today’s trading session, BOV announced that its Board of Directors is scheduled to meet on Thursday 9 December 2021 to consider the payment of an interim dividend. BOV’s last paid a dividend in March 2018.

Today’s most actively traded equity – Tigné Mall plc –maintained the €0.70 level on two deals totalling 17,944 shares.

Simonds Farsons Cisk plc retained the €8.50 level on a single deal of 184 shares.

In the property sector, Malita Investments plc remained unchanged at the €0.805 level on two trades totalling 1,400 shares, while Santumas Shareholdings plc held to the €1.18 level on a single deal of 1,000 shares.

HSBC Bank Malta plc added another 1.2% to close the week at the €0.85 level across four deals totalling 5,000 shares.

Also within the financial services sector, Mapfre Middlesea plc erased yesterday’s sharp losses as it rebounded by 15.2% and returned to the €2.20 level. A total of 2,000 shares changed hands.

PG plc eased by 0.8% to the €2.40 level across three trades totalling 2,676 shares. The company is expected to publish its October 2021 interim results in the coming weeks.

Similarly, Malta International Airport plc moved 1.7% lower to the €5.85 level albeit on trivial volumes.

The RF MGS Index erased yesterday’s losses as it moved 0.25% higher to 1,090.810 points. Today, ECB President Christine Lagarde indicated that the inflation levels are likely to have peaked and would decline throughout next year. The ECB estimates that about 55% to 60% of the recent inflation came from the surge in energy prices, which will stabilise going forward. In this context, she reiterated that the ECB is unlikely to raise interest rates next year. Meanwhile in the US, jobs growth failed to reach expectations as it slowed sharply in November, but the unemployment rate fell to 4.2% from 4.6% last month.


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.