Daily Market Highlights (27.04.2022)

MSE Equity Price Index extends positive momentum


The MSE Equity Price Index moved higher for the fifth consecutive trading session as it added a further 0.26% to 3,610.735 points. The uplifts in the share prices of BOV, Mapfre Middlesea and Farsons outweighed the declines in GO and AX Real Estate. Meanwhile, BMIT Technologies plc stayed at the €0.48 level across 10,000 shares. Overall trading activity in equities remained subdued as only €0.04 million worth of shares changed hands. Download today’s Equity Market Summary.

Bank of Valletta plc added 0.6% to the €0.785 level across 20,000 shares.

BOV’s insurance associate – Mapfre Middlesea plc – trended 1% higher to the €2.02 level albeit on just 550 shares.

Low trading activity also took place in the equity of Simonds Farsons Cisk plc which moved 4.4% higher to recapture the €8.25 level.

GO plc erased some of yesterday’s strong uplift as the share price drifted 0.6% lower back to the €3.30 level.

A single deal of 20,000 shares pulled the share price of AX Real Estate plc 5.2% lower to the €0.55 level.

Yesterday, MIDI plc reported a net profit of €0.56 million for the 2021 financial year as the company’s financial performance was positively impacted by the sale of the few last remaining residential units within the ‘Q2’ block. Looking ahead, MIDI added that it is expecting to submit the development permit application for Manoel Island to the Planning Authority towards the latter part of 2022. Moreover, the company will also soon start with the civil works related to the construction of the ‘Q3’ residential block.

Today, M&Z plc published its results for the 2021 financial year. The company exceeded the IPO forecasts and reported a net profit of €1.77 million (compared to the projected figure of €1.7 million) which, in turn, translates into a return on adjusted equity of 26.3%.

The RF MGS Index resurfaced above the 1,000 mark as volatility across international financial markets intensified further after Russia state-controlled energy giant Gazprom cut off natural gas supplies to Poland and Bulgaria reflecting a further escalation of tensions. Meanwhile, today the Central Bank of Malta published its annual report for 2021. The central bank noted that in 2021, the Maltese economy grew by 9.4% and as a result exceeded the level prior to the pandemic. Looking ahead, the CBM explained that growth in output is expected to ease gradually to 3.8% by 2024 whilst Malta’s debt-to-GDP ratio is estimated to reach 60.9%.


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.