Daily Market Highlights (07.03.2022)

MSE Equity Price Index eases on minimal volumes


The MSE Equity Price Index opened the week in negative territory as it retracted by 0.25% to 3,726.536 points. Four companies ended the day lower whilst MIA closed unchanged and PG trended higher. Overall trading activity in equities remained subdued as only €0.02 million worth of shares changed hands. Download today’s Equity Market Summary.

Bank of Valletta plc lost 2.4% back to the €0.80 level across 3,500 shares.

Simonds Farsons Cisk plc dropped by 1.8% back to the €8.20 level on 892 shares.

LifeStar Holding plc and Loqus Holdings plc closed at €0.99 (-1%) and €0.105 (-25%) respectively on trivial volumes.

A single deal of 800 shares left the share price of Malta International Airport plc at the €6.00 level.

PG plc rebounded by 2.7% to regain the €2.26 level on a total of 1,000 shares.

The RF MGS Index added 0.24% to 1,058.927 points as movements across international financial markets continued to be dominated by the war in Ukraine. In fact, the price of oil soared to a 13-year high as various countries including the US are considering a ban on oil imports from Russia.

Today, Ferratum Bank plc published a Base Prospectus in relation to an unsecured and subordinated bond issuance programme of a maximum of €40 million. The Bank also published the Final Terms in relation to the issue of the first Tranche of €20 million bonds at a coupon of 6% and redeemable in 2032. Ferratum Bank is licensed by the MFSA as a credit institution and provides consumer loans and deposit-taking services through digital platforms targeting European markets.


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.