Daily Market Highlights (06.04.2022)

FIMBank share price drops to all-time low   


The MSE Equity Price Index moved minimally higher to 3,610.433 points as the increase in the share price of BOV outweighed the losses in GO and FIMBank. Meanwhile, several other equities closed unchanged as overall trading activity increased to €0.12 million compared to €0.07 million yesterday. Download today’s Equity Market Summary.

Bank of Valletta plc added 2.6% to the €0.78 level across 19,164 shares.

Also among the large companies by market value, GO plc retracted by 2.4% to the €3.20 level albeit on just 818 shares. Shareholders as at close of trading on 21 April will be entitled to receive a final net dividend of €0.09 per share.

FIMBank plc moved to an all-time low of USD0.248 (-0.8%) across 10,000 shares.

Simonds Farsons Cisk plc was the most actively traded equity today as it retained the €8.00 level on 10,000 shares having a market value of €0.08 million and representing 66% of today’s total value of equities traded.

Malta International Airport plc (2,033 shares) and HSBC Bank Malta plc (8,426 shares) stayed at €5.80 and €0.80 respectively.

A single deal of 5,000 shares left the share price of Tigné Mall plc at the €0.70 level.

Within the same segment, Malta Properties Company plc remained at the €0.51 level albeit on trivial volumes. Shareholders as at close of trading on 13 April will be entitled to receive a final net dividend of €0.012 per share.

Today, Hili Properties plc announced that it completed the acquisition of eleven sites which, in aggregate, cover 92,000 sqm of land located in Benghajsa. Following this transaction, the property portfolio of Hili Properties increased to a total value of €180 million. The company also announced that its Board of Directors is scheduled to meet on Wednesday 27 April to consider and approve the financial statements for the year ended 31 December 2021. The equity remained inactive today.

The RF MGS Index extended yesterday’s decline as it fell by a further 0.60% to 1,014.177 points – the lowest level since March 2013. Sovereign bond yields in the euro area continued to trend higher amid further signs of stronger monetary policy tightening by the Federal Reserve in the weeks and months ahead.

Today, the recently issued 4.50% G3 Finance plc secured bonds 2032 were admitted to listing on the MSE. Trading in the bonds will be possible as from tomorrow.


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.