Daily Market Highlights (25.03.2022)

VBL publishes annual financial statements


The MSE Equity Price Index rebounded by 0.29% to 3,645.549 points as the gains in IHI, BMIT and Hili Properties outweighed the decline in Bank of Valletta plc which shed 1.3% to the €0.78 level across 11,506 shares. Meanwhile, four other equities remained unchanged as overall trading activity remained muted at €0.10 million. Download today’s Equity Market Summary.

A single deal of 10,000 shares left the share price of VBL plc at the €0.254 level. Today, VBL published its results for the 2021 financial year. During 2021, revenues nearly doubled to €1.06 million from €0.55 million in the previous financial year amid higher rental income. However, due to higher cost of sales and administrative expenses, VBL registered a decline of 6.8% in EBITDA to €0.18 million (2020: €0.19 million). The financial performance was however boosted by a fair value gain in investment property of €6.3 million. Overall, VBL recorded a net profit of €5.79 million in 2021. The directors will recommend a dividend of €0.000654 per share subject to shareholders’ approval at the upcoming Annual General Meeting scheduled to be held on 20 April 2022.

Malta International Airport plc was today’s most actively traded equity as it retained the €5.65 level on seven deals totalling 10,191 shares, representing nearly 60% of today’s total value of equities traded.

Malita Investments plc (6,614 shares) and Plaza Centres plc also remained unchanged at €0.75 and €0.85 respectively.

Also in the property sector, Hili Properties plc erased yesterday’s losses as it surged by 5% to the €0.254 level albeit on light volumes.

International Hotel Investments plc climbed by 3.5% to an over 3-week high of €0.59 on a single deal of 17,230 shares.

BMIT Technologies plc advanced by 0.4% to the €0.498 level across 20,900 shares. BMIT is due to publish its 2021 full-year results on Tuesday 29 March.  

The RF MGS Index lost 0.20% to 1,027.793 points. Today, the European Commission and the US reached an agreement to boost the supply of US Liquefied Natural Gas (LNG) to European countries. The agreement will allow European countries to diversify their energy supply and reduce their dependence on Russia whilst also enable further supply of cleaner source of energy to combat climate change. Following this development, the price of natural gas eased marginally after it had reached a two-week high earlier this week.


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