Daily Market Highlights (22.06.2022)

Strong activity in APS & Farsons shares


The MSE Equity Price Index eased by 0.4% to 3,671.778 points as the declines in PG, RS2 and Farsons offset the uplift in the share price of APS. Meanwhile, BOV and MIA traded unchanged as overall trading activity in equities improved to €0.36 million compared to €0.16 million yesterday. Download today’s Equity Market Summary.

APS Bank plc advanced by 1.5% to regain the €0.68 level on a total of 271,358 shares having a market value of €0.18 million.

Heightened activity also took place in the equity of Simonds Farsons Cisk plc which retracted by 4.8% back to the €7.00 level on 16,000 shares having a market value of €0.11 million.

The ordinary shares of RS2 Software plc moved 1.9% lower to the €1.55 level across 6,645 shares.

The other negative performing equity today was PG plc which dropped by 0.9% to the €2.16 level across 20,000 shares.

Meanwhile, Malta International Airport plc stayed at the €5.95 level albeit on trivial volumes.

Bank of Valletta plc traded flat at the €0.935 level on a total of 8,500 shares.

The RF MGS Index erased some of yesterday’s decline as it rebounded by 0.1% to 928.146 points. On the economic front, inflation in the UK increased to 9.1% largely reflecting increases in food and energy prices. Elsewhere in the US, President Biden proposed a temporary suspension of the federal tax on fuel with a view of taming the high inflation, but this measure is not expected to find the necessary support in Congress.

Today, Mediterranean Investments Holding plc announced that it received applications in excess of €50 million for the recent offer of €30 million 5.25% unsecured and guaranteed bonds maturing in 2027. As a result, the Intermediaries’ Offer that was scheduled for 24 June 2022 will not take place. MIH noted that it will be announcing the basis of acceptance and the allocation policy by not later than 28 June 2022.

Endo Finance plc issued an update providing information about the financial performance of Endo Group in Q1 2022. In this respect, Endo explained revenues contracted by 7.7% to €2.51 million reflecting a reduction in ship-to-ship operations and mooring master services which however are expected to recover to 2021 levels in H2 2022. Despite the reduction in income, EBITDA surged by 27.3% to €1.03 million as the Group implemented a number of cost savings measures which also translated into improved profit margins. As a result, Endo also recorded an increase in operating profit (+10.4% to €0.55 million) and net profit (+32.9% to €0.37 million).


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.