Daily Market Highlights (10.12.2021)

BOV declares an interim dividend


The MSE Equity Price Index erased some of yesterday’s decline as it rebounded by 0.36% to 3,749.746 points. The gains in BOV, MIA, BMIT, FIMBank and Farsons outweighed the declines in HSBC, Medserv and the ordinary shares of RS2. Meanwhile, PG remained unchanged as only €0.05 million worth of shares changed hands. Download today’s Equity Market Summary.

Bank of Valletta plc climbed 2.4% to the €0.87 level on three trades totaling 10,350 shares. Today, BOV declared a net interim dividend of €0.01716 per share. Subject to regulatory approval, the dividend will be paid on 28 January 2022 to all shareholders as at close of trading on 11 January 2022.

Also among the large companies by market value, Malta International Airport plc added 0.9% to regain the €5.70 level on two deals totalling 742 shares. Yesterday, MIA announced that it welcomed almost 316,000 passengers during the month of November. This represents a drop of 26.3% from the previous month and is 35.9% lower than the amount of 493,201 movements recorded in November 2019 (the lowest percentage decline since the outbreak of the COVID-19 pandemic). MIA also added that the seat load factor stood at 69.3% which is in line with the performance recorded in September and October 2021.

FIMBank plc surged 9.4% to regain the €0.28 level albeit on negligible volumes.

The other positive performing equity today was BMIT Technologies plc with a gain of 2.9% to the €0.494 level on a total of 53,400 shares.

Simonds Farsons Cisk plc moved 0.6% higher to the €8.50 level on a single deal of 200 shares. Yesterday, Farsons declared that a net interim dividend of €0.05 per share which is payable on 21 December to all shareholders as at the close of trading today. In its announcement, Farsons noted that it is currently working to address a number of new challenges that are emerging, including inflationary pressures and product shortages which are mainly the result of supply chain disruptions and a surge in shipping costs.

The ordinary shares of RS2 Software plc lost 2.9% to the €1.65 level after partially recovering from an over two-year low of €1.64 (-3.5%). A total of 4,822 shares traded.

MedservRegis plc dropped by 3% to the €0.65 level on two deals totalling 5,000 shares.

Similarly, HSBC Bank Malta plc eased by 1.7% to the €0.885 level on trivial volumes.

PG plc remained at the €2.40 level on low activity. The company is due to publish its interim financial results on 16 December 2021.

The RF MGS Index added 0.04% to 1,090.808 points. Fresh economic data showed that inflation in Germany reached 5.2% in November – the highest level since 1992. Similarly, US consumer prices increased by 6.8% in November reflecting higher prices across various economic sectors.


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.