Daily Market Highlights (04.02.2022)

Activity in Trident Estates shares takes centre-stage


The MSE Equity Price Index erased yesterday’s drop as it rebounded by 0.94% to 3,765.066. Four equities trended in positive territory whilst another four companies remained unchanged as overall trading activity in equities improved markedly to €0.3 million compared to €0.1 million yesterday. Download today’s Equity Market Summary.

Trident Estates plc was the most actively traded equity today as the share price rebounded by 0.7% to the €1.37 level on a total of 100,000 shares having a market value of €0.14 million.

Bank of Valletta plc rallied 5% to the €0.845 level across 9,752 shares.

The ordinary shares of RS2 Software plc moved 3% higher to the €1.70 level on a total of 33,680 shares.

The other positive performing equity today was Malta International Airport plc with a gain of 0.9% to recapture the €5.85 level across 6,000 shares.

Also among the large companies by market value, a single deal of 7,500 shares left the share price of GO plc at the €3.22 level.

GO’s data centre and IT managed services subsidiary – BMIT Technologies plc – stayed at the €0.49 level across 50,000 shares.

Malita Investments plc (10,837 shares) and VBL plc (7,000 shares) traded flat at €0.79 and €0.288 respectively.

The RF MGS Index continued to trend lower as it fell by a further 0.82% to 1,048.011 points – the lowest level since June 2014.  Economic data published today across the single currency block showed a mixed picture as an index gauging retail sales in the eurozone disappointed expectations whilst factory orders in Germany increased noticeably in December 2021.

Yesterday, 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.


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.