Daily Market Highlights (23.12.2021)

MSE Equity Price Index advances on muted activity

 

The MSE Equity Price Index moved 0.14% higher to 3,801.004 points as the gains in MIA and LifeStar Holding outweighed the decline in BMIT. Meanwhile, BOV and Lombard remained unchanged as overall trading value was subdued at €0.04 million. Trading activity at the Malta Stock Exchange resumes on Monday 27 December 2021. Download today’s Equity Market Summary.

Malta International Airport plc increased by nearly 1% to the €5.65 level on two trades totalling 1,172 shares.

LifeStar Holding plc reached a fresh multi-year high of €0.95, albeit on trivial volumes.

Meanwhile, BMIT Technologies plc was today’s only negatively performing equity as it dropped by 2.9% to the €0.472 level on four deals totalling 38,900 shares.

Bank of Valletta plc remained at the €0.87 level after recovering from an intraday low of €0.85 (-2.3%) across five trades totalling 13,613 shares.

Also in the retail banking sector, Lombard Bank Malta plc traded flat at the €1.84 level as 705 shares changed hands.

Today, Santumas Shareholdings plc published its interim financial statements covering the six months ended 31 October 2021. Although investment income improved to €0.21 million the company registered a €0.23 million decline in the fair value of its financial assets. Overall, the company posted a net loss of €0.14 million compared to a net loss of €0.72 million in the six months ended 31 October 2020. Shareholders’ funds contracted by 1.2% to €11.1 million, which translates into a net asset value per share of €1.517.

The RF MGS Index posted the third consecutive daily decline as it shed a further 0.17% to a near 1-month low of 1,084.937 points. Yesterday, the Central Bank of Malta published its monthly economic update which showed that business conditions in November eased from their recent highs. This is in line with confidence surveys carried out by the European Commission. Meanwhile, in November both the number of final deeds of sale for residential property and the number of promise-of-sale agreements rose on an annual basis.

 

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.

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