Daily Market Highlights (21.04.2022)

Heightened activity in MIA shares


The MSE Equity Price Index rebounded by 0.21% to 3,560.564 points as the uplifts in the share prices of GO and FIMBank outweighed the declines in HSBC and Lombard. Meanwhile, MIA, MPC and M&Z traded flat as overall trading activity improved to €0.26 million compared to €0.07 million yesterday. Download today’s Equity Market Summary.

Most of today’s activity took place in the equity of Malta International Airport plc as it stayed at the €5.90 level across 29,913 shares having a market value of €0.18 million.

M&Z plc held on to the €0.75 level on a single deal of 50,000 shares.

Malta Properties Company plc also ended the day unchanged at the €0.51 level on trivial volumes.

In the banking sector, Lombard Bank Malta plc eased by 1.6% to the €1.80 level on 10,000 shares. Yesterday, the bank reported a 12.7% increase in net profit for the 2021 financial year to €7.48 million. Lombard’s performance was boosted by the growth in operating income as well as a €1.46 million release in expected credit losses. Shareholders as at close of trading tomorrow will be eligible to receive a net dividend of €0.0195 per share. Moreover, shareholders as at close of trading on 20 June will receive one bonus share for every 75 shares held.

HSBC Bank Malta plc drifted 1.9% lower to the €0.77 level across 11,853 shares.

In contrast, FIMBank plc rebounded strongly to the USD0.206 level (+7.3%) on a total of 25,463 shares.

Similarly, GO plc advanced by 2.5% to recapture the €3.26 level across 4,675 shares. Tomorrow, the equity starts trading ex-div.

The RF MGS Index continued to trend lower as it dropped by a further 0.07% to 998.984 points – the lowest level since November 2012. Fresh data published today showed that inflation in the euro area climbed to a new record of 7.4% but this was slightly below what economists were expecting.


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.