Daily Market Highlights (14.12.2021)

MSE Equity Price Index extends rebound


The MSE Equity Price Index opened this shortened week in positive territory as it climbed by a further 0.62% to 3,773.031 points. The gain was principally led by the uplift in the share prices of FIMBank, BOV and RS2. On the other hand, HSBC, MIA and BMIT trended lower as overall trading activity in equities amounted to €0.12 million. Download today’s Equity Market Summary.

FIMBank plc rallied by 21.4% to regain the USD0.34 level across 64,000 shares.

Also in the banking sector, Bank of Valletta plc finished the day 1.1% higher after recovering from an intra-day low of €0.84 (-3.4%). A total of 74,876 shares changed hands. Last Friday, 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.

A single deal of just 640 shares lifted the share price of Malita Investments plc back to the €0.80 level (+2.6%).

The other positive performing equity today was RS2 Software plc as it advanced by 4.2% to the €1.72 level across 2,650 ordinary shares.

Malta International Airport plc drifted 0.9% lower to its one-year low of €5.65 on a total of 3,500 shares.

Among the large companies by market value, HSBC Bank Malta plc shed 5.1% to the €0.84 level across 5,496 shares.

BMIT Technologies plc retracted by 2.8% to the €0.48 level on 16,000 shares.

The RF MGS Index surged by 0.46% to an over three-month high of 1,095.797 points as sovereign bond yields in the euro area remained under downward pressure amid heightened volatility across international financial markets. On the economic front, data published today showed that inflation in the US continued to accelerate ahead of expectations. Meanwhile, Pfizer announced that lab studies confirmed that its COVID-19 pill helped stave off severe disease, reduced the risk of death by 89%, and also worked against the Omicron variant.


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.