Daily Market Highlights (17.06.2022)

IHI &  RS2 lift the MSE Equity Price Index higher


The MSE Equity Price Index extended yesterday’s uplift as it added a further 0.31% to 3,716.877 points. The gains in IHI and RS2 offset the drop in BOV whilst six other shares closed the day unchanged. Trading activity in equities contracted to €0.19 million compared to €0.26 million yesterday. Download today’s Equity Market Summary.

Among the large companies by market value, the share price of International Hotel Investments plc surged by 3.4% to recapture the €0.75 level across 33,250 shares.

The ordinary shares of RS2 Software plc advanced by 1.9% to the €1.58 level on a total of 6,235 shares.

Following yesterday’s strong gain of 7.5%, the share price of Bank of Valletta plc retracted by 1.6% during today’s trading session to the €0.92 level on volumes of 30,851 shares.

Meanwhile, Malta International Airport plc held on to the €5.95 level across 4,236 shares. On Monday, MIA announced that during the month of May, passenger movements increased by 8% from the previous month to 554,820 which, in turn, is only 17.7% lower than the amount of 674,101 passengers welcomed in the same period in 2019. Whilst passenger traffic recovered in line with the increase in seat capacity, the seat load factor of 81.4% achieved in May 2022 was the highest since October 2019 and even superior to the level of 80.3% recorded in May 2019. Moreover, the total number of passenger movements since the start of 2022, amounting to 1.74 million, has now reached the level of traffic recorded in all of 2020.

Six deals totalling 18,460 shares left the share price of GO plc at the €3.04 level.

In the property sector, four companies traded flat. AX Real Estate plc maintained the €0.55 level across 90,000 shares.

In contrast, low trading activity took place in shares of Hili Properties plc, Malta Properties Company plc and Tigné Mall plc which also closed unchanged at €0.24, €0.494 and €0.70 respectively.

Yesterday, MedservRegis plc published its annual results for the 2021 financial year which include the twelve-month performance of Regis and the six-month contribution of Medserv. MedservRegis recorded revenues of almost €30 million and an adjusted EBITDA of €5.3 million reflecting the Group’s activities in the Mediterranean basin, the Middle East and Sub-Sahara Africa. In their commentary, the Directors explained that MedservRegis is actively positioning itself for growth in various new significant developing energy markets, particularly in Africa and the Caribbean region. Moreover, MedservRegis is experiencing an increasing number of opportunities within its core ILSS and OCTG competencies for organic growth as well as opportunities of a strategic nature allowing the Group to unlock value in the supply chain and be part of the industry transition. Following the publication of the 2021 Annual Report, the MFSA removed the suspension of trading of all MedservRegis securities.

Today, all of the ordinary shares of APS Bank plc were admitted to listing on the Regulated Market of the Malta Stock Exchange following the hugely successful IPO earlier this month. Trading in APS shares will commence as from Monday 20 June.

The RF MGS Index extended yesterday’s rebound as it advanced by 0.17% to 928.458 points. Sovereign bond yields in the euro area continued to ease following the ECB’s pledge to tackle fragmentation across financial markets. Elsewhere, this afternoon the Financial Action Task Force (“FATF”) is expected to formally announce that Malta has been removed from its ‘grey list’ following the implementation of various measures aimed at improving the country’s anti-money laundering regimes.


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.