Daily Market Highlights (30.06.2022)

PG hikes its dividend by 12.5%


The MSE Equity Price Index moved higher by 0.48% to 3,660.136 points as the gains in APS, MaltaPost and LifeStar Holding outweighed the declines in BOV, Malita and M&Z. Overall trading activity in equities amounted to €0.16 million. Download today’s Equity Market Summary. Meanwhile, following the close of trading on Tuesday, the Board of Directors of PG plc resolved to distribute a net interim dividend of €0.0333333 per share which is 12.5% higher than the corresponding dividend of €0.0296296 per share paid out in July 2021 for the 2020/21 financial year. Shareholders as at close of trading tomorrow will be entitled to receive the dividend which is payable on 11 July. Coupled with the interim dividend of €0.0208333 per share paid out in December 2021, the total net dividend per share for the 2021/22 financial year which closed on 30 April 2022 amounts to €0.0541666 per share, representing a 12.5% increase over the total net dividend of €0.0481481 for the previous financial year. PG’s equity remained inactive today.

For the third consecutive session, APS Bank plc was the most actively traded equity as it advanced by 0.8% to the €0.66 level across 114,394 shares having a market value of €0.08 million.

MaltaPost plc moved 1% higher to the €1.01 level albeit on trivial volumes.

Low trading activity also took place in the equity of LifeStar Holding plc which regained the €0.95 level.

Bank of Valletta plc eased by 0.5% to the €0.93 level on a total of 73,666 shares.

A single deal of 15,000 shares pulled the share price of Malita Investments plc 3.3% lower to the €0.725 level.

M&Z plc slid by 1.9% to the €0.755 level on 9,250 shares.

The RF MGS Index posted its sharpest uplift in three months as it surged by 1.11% to 938.379 points. Sovereign bond yields in the euro area and the US drifted lower amid concerns over the health of the global economy. Meanwhile, US Federal Reserve Chairman Jerome Powell reiterated the central bank’s resolute to fight high inflation despite signs of weaker consumer spending.

Today, BNF Bank plc published a Prospectus in relation to the issuance of up to €20 million 4.5% unsecured subordinated bonds maturing between 2027 and 2032. The proceeds will make part of the Bank’s capital plan and will be used to sustain BNF’s medium-term growth objectives. The offer period closes on 22 July 2022.


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.