Daily Market Highlights (21.11.2022)

High volumes in VBL plc shares


The MSE Equity Price Index shed a further 0.13% to 3,572.232 points as the declines in MIA, Medserv, Trident and BMIT outweighed the gain of VBL. Meanwhile, GO and M&Z closed the day unchanged as overall trading activity in equities amounted to €0.19 million. Download today’s Equity Market Summary.

VBL plc was today’s only positive performer and the most actively traded equity as it surged by 18.2% to a 1-month high of €0.26 on volumes of 350,000 shares. Recently, VBL plc acquired the ‘Coliseum Building’ in Valletta.

Malta International Airport plc fell by 1.7% to a 6-month low of €5.70 across four deals totalling 4,525 shares.

A single trade of 3,804 shares pulled the share price of Trident Estates plc 2% lower to the €1.45 level.

MedservRegis plc dropped 7.1% to a 10-month low of €0.65, albeit on a one deal of just 1,667 shares. Last week, the company announced that it was awarded a material contract in Iraq while earlier this month as part of the bond issue prospectus, MedservRegis upgraded its financial forecasts for this year. The company now expects adjusted EBITDA to increase to €11.6 million compared to the previous forecast of €10.3 million. In 2023, this is projected to jump by a further 21.7% to €14.2 million.

BMIT Technologies plc eased by 0.4% to the €0.468 level as 28,700 shares changed hands.

BMIT’s parent company – GO plc – closed unchanged at the €2.88 level after opening at a 6-year low of €2.86 (-0.7%). A total of 7,800 shares were traded.

M&Z plc traded flat at the €0.70 level across 42,600 shares.

The RF MGS Index erased most of last Friday’s losses as it rebounded by 0.40% to 897.077 points. Eurozone sovereign bond yields eased as the German producer price inflation fell in October, the lowest level since June and below market expectations. Meanwhile, crude oil prices also fell to the lowest level in seven weeks amid lower demand concerns from China.


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.