Daily Market Highlights (25.10.2021)

VBL share price moves higher


The MSE Equity Price Index lost 0.14% to 3,861.111 points as the declines in Lombard and MedservRegis outweighed the gain in VBL while BOV and Malita remained unchanged. Overall trading activity remained muted as only €0.02 million worth of shares changed hands. Download today’s Equity Market Summary.

VBL plc traded for the first time since listing earlier this month as it gained 3.6% to the €0.29 level across two trades totalling 13,500 shares.

A single trade of 6,500 shares left the share price of Bank of Valletta plc unchanged at the €0.87 level.

Similarly, Malita Investments plc traded flat at the €0.82 level on 11,128 shares.

Lombard Bank Malta plc plunged 8.6% to the €1.81 level across two trades totalling 1,520 shares.

MedservRegis plc eased by 0.7% to the €0.69 level on a single deal of 1,900 shares.

The RF MGS Index gained 0.05% to 1,080.571 points reflecting a marginal decrease in the yields of the longest dated MGS in line with trends observed in other Eurozone sovereign bonds. The Ifo Business Climate indicator for October was below expectations and reached the lowest level since April following a more pessimistic outlook by manufacturers, service providers and traders. Elsewhere, oil prices resumed their upward trend amid concerns over supply constraints.

Today, the 3.65% Mizzi Organisation Finance plc bonds started trading following last Friday’s listing. A total of €640,500 (nominal) changed hands across 24 trades ranging from 100.00% to 103.75%, closing the session at 103.25%.