Generated by All in One SEO v4.9.4.1, this is an llms.txt file, used by LLMs to index the site. # Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta Your Investment Consultants ## Sitemaps - [XML Sitemap](https://new.rizzofarrugia.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2026/bmit2602/) - On 10 March 2026, BMIT Technologies plc published its Annual Report and Financial Statements for the year ended 31 December 2025. Revenues increased by 8.7% (or €2.9 million) to a record €36.5 million. Turnover from the ‘Data Centre & Managed IT Services’ and ‘Hardware and License Sales’ segment rose by 9.2% to €32.3 million, driven - [Daily Review 10.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-03-2026/) - MIA passenger movements surge by 17.4% in February The MSE Equity Price Index increased by 0.1% to 3,929.8 points as gains in Santumas, BMIT, APS and HSBC outweighed a decline in Mapfre. Meanwhile, seven other equities closed unchanged as today’s trading activity on the main market amounted to €0.34 million. Download today's Equity Market Summary. - [February Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2026/mia2605/) - On 10 March 2026, Malta International Airport plc announced that in February 2026 passenger movements reached a new record for February and amounted to 658,328 passenger movements, which is 17.4% higher than the previous record registered in February 2025. Furthermore, the seat load factor also increased to 81.6% compared to 80.5% in February 2025, notwithstanding - [Rescheduling of EGM](https://new.rizzofarrugia.com/malta-market-news/2026/plz2602/) - On 9 March 2026, Plaza Centres plc announced that in view of the fact that certain requisite regulatory approvals were not received in sufficient time, the Extraordinary General Meeting (EGM) was rescheduled for Tuesday 14 April 2026. Shareholders as at close of trading on 11 March 2026 will receive an explanatory circular and be entitled - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/go2601/) - On 10 March 2026, GO plc announced that its Board of Directors is scheduled to meet on Wednesday 25 March 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Board will also consider the declaration of a final dividend. - [Daily Review 09.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-03-2026/) - MPC increases dividend amid expected performance ramp up in 2026 The MSE Equity Price Index fell by 0.1% to 3,924.6 points, driven by declines in MPC and BMIT. Meanwhile, eight other equities closed unchanged as today’s trading activity on the main market amounted to €0.15 million. Download today's Equity Market Summary. Malta Properties Company plc - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2026/mpc2602/) - On 6 March 2026, Malta Properties Company plc published its Annual Report and Financial Statements for the financial year ended 31 December 2025. Revenue decreased by 11.9% to €5.0 million (2024: €5.69 million) as several properties were temporarily closed for refurbishment during the year following a number of lease terminations during the second half of 2024. - [Opening of Corinthia Rome](https://new.rizzofarrugia.com/malta-market-news/2026/ihi2603/) - On 9 March 2026, International Hotel Investments plc announced the opening of the 5-star ultra-luxury Corinthia Rome, located at Piazza del Parlamento. IHI noted that the property has undergone a comprehensive restoration and transformation to encompass 60 guest rooms including 21 suites and panoramic penthouses as well as a subterranean spa and vitality pools. The - [Daily Review 06.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-03-2026/) - Substantial trading activity across MIA The MSE Equity Price Index dropped by 0.1% to 3,927.8 points as declines in MIDI and BOV outweighed gains in APS and Mapfre. Meanwhile, another seven equities closed unchanged as today’s trading activity on the main market amounted to just under €0.8 million. Download today's Equity Market Summary. Today’s most - [Daily Review 05.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-03-2026/) - Varied movements across several equities The MSE Equity Price Index remained little unchanged at 3,933.1 points as gains in MPC, BOV, Trident and the preference shares of RS2 were outweighed by declines in seven equities. Meanwhile, another seven equities closed unchanged as today’s trading activity on the main market amounted to €0.5 million. Download today's - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/bov2601/) - On 5 March 2026, Bank of Valletta plc announced that its Board of Directors is scheduled to meet on Thursday 26 March 2026 to consider the approval of the financial statements for the year ending 31 December 2025. The Directors will also consider the declaration of a dividend. - [A Liquidity Provider for the Corporate Bond Market](https://new.rizzofarrugia.com/published-articles/weekly/a-liquidity-provider-for-the-corporate-bond-market/) - The secondary market for corporate bonds listed on the Malta Stock Exchange (MSE) remains relatively illiquid as it is characterised by limited daily activity (albeit on the rise over recent years), wide bid-offer spreads across several instruments, and a predominantly buy-and-hold retail investor base. These structural features discourage participation by some high-net-worth investors and also - [Daily Review 04.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-03-2026/) - Most equities end the day unchanged The MSE Equity Price Index remained relatively unchanged at 3,932.2 points as gains in VBL, BMIT and GO were outweighed by a decline in HSBC. Meanwhile, eight other equities closed unchanged as today’s trading activity on the main market amounted to €0.3 million. Download today's Equity Market Summary. Bank - [Daily Review 03.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-03-2026/) - Banks & MIA lift MSE Equity Price Index higher The MSE Equity Price Index gained 0.52% to 3,931.4 points as gains in APS, MIA, BOV and HSBC outweighed declines in GO, BMIT and MaltaPost. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.25 million. Download today's Equity Market Summary. APS Bank - [Daily Review 02.03.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-03-2026/) - Five equities pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.56% to 3,911.2 points driven by declines in BOV, APS, Medserv, MIA, and HSBC. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.28 million. Download today's Equity Market Summary. Bank of Valletta plc shed 1% - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2026/mmt2601/) - On 28 February 2026, MM Triton Malta Finance plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €45 million 5.50% secured bonds maturing in 2032. MM Triton Malta Finance plc is the finance arm of MM Triton Holdco Limited (the Guarantor), a company registered under the - [Daily Review 27.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-02-2026/) - MSE Equity Price Index climbs to 10-month high The MSE Equity Price Index rose by 0.34% to a 10-month high of 3,933.2 points driven by gains in BOV, BMIT and MaltaPost. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.94 million. Download today's Equity Market Summary. Today’s most actively traded equity, - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2026/izi2602/) - On 26 February 2026, IZI Finance plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €30 million 5.50% unsecured bonds maturing in 2036. The salient details of the new bond issue are as follows: Coupon: 5.50% Amount Offered: €30 million (nominal) Issue Price: 100% (par) Maturity: - [Daily Review - 26.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-02-2026/) - MIA increases dividend following record profit The MSE Equity Price Index rose by 0.15% to a 10-month high of 3,919.8 points as the gains in BOV outweighed the declines in MIA and Trident. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.36 million. Download today's Equity Market Summary. Malta International Airport - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2026/mia2604/) - On 25 February 2026, Malta International Airport plc published its Annual Report & Financial Statements for the year ended 31 December 2025. Revenue rose by 9.9% to a record of €157.0 million compared to the previous record of €142.9 million last year. Both main operating segments registered higher income with the ‘Airport’ segment increasing by 7.6% - [Devising an Equity Market Development Programme](https://new.rizzofarrugia.com/published-articles/weekly/devising-an-equity-market-development-programme/) - Malta’s equity market has not developed as one would have hoped for over the past decade with very little new issuance over recent years. As I mentioned in several articles of mine and also made reference last week, the equity market suffers from chronically thin trading volumes especially in the aftermath of the pandemic. This - [Daily Review 25.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-02-2026/) - Customer deposits at HSBC Bank Malta climb for 8th consecutive year The MSE Equity Price Index fell by 0.11% to 3,913.9 points as the declines in HSBC and IHI outweighed the gains in APS and PG. Meanwhile, three other equities closed unchanged as today’s total trading activity amounted to €0.12 million. Download today's Equity Market - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/fim2601/) - On 25 February 2026, FIMBank plc announced that its Board of Directors is scheduled to meet on Thursday 26 March 2026 to consider the approval of the financial statements for the year ended 31 December 2025. - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2026/hsbc2603/) - On 25 February 2026, HSBC Bank Malta plc published its Annual Report for the financial year ended 31 December 2025. Net interest income dropped by 15% to €175 million (2024: €206 million) as the 14% (or €33 million) reduction in gross interest income to €199 million outweighed the 11% (or €2.8 million) decline in interest costs - [Promise of Sale Agreement for T15 Building](https://new.rizzofarrugia.com/malta-market-news/2026/midi2601/) - On 24 February 2026, MIDI plc announced that it entered into promise of sale agreements with The 540 Hub Limited, whereby MIDI plc promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 of the building under construction known as the T15 Building situated at Tigné - [Daily Review 24.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-02-2026/) - Share price of AX Real Estate regains the €0.50 level The MSE Equity Price Index rose by 0.08% to 3,918.028 points as gains in AX Real Estate, Grand Harbour Marina and Quinco outweighed declines in PG and Hili. Meanwhile, seven other equities closed unchanged as today’s total value traded amounted to €0.13 million. Download today's - [Daily Review 23.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-02-2026/) - AX Real Estate registers double-digit growth in operating profit The MSE Equity Price Index rose by 1.2% to 3,915.074 points as gains in ten equities outweighed the decline in Malita. Meanwhile, two other equities closed unchanged as today’s total value traded amounted to €0.87 million. Download today's Equity Market Summary. AX Real Estate plc surged - [Proposal for a Share Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2026/axre2603/) - On 20 February 2026, AX Real Estate plc announced that the Board of Directors has resolved to recommend a share buyback programme to shareholders at the upcoming Annual General Meeting scheduled for Friday 24 April 2026. The primary objective of the proposed programme would be to support efforts towards increasing the liquidity of company's ordinary - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2026/axre2602/) - On 20 February 2026, AX Real Estate plc published its Annual Report and Financial Statements for the year ended 31 October 2025. Revenue increased by 11.5% to €21.6 million (FY2023/24: €19.4 million) primarily driven by the hospitality segment. In this respect, the AX ODYCY continued to perform exceptionally well resulting in higher variable rent for the - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/aps2601/) - On 23 February 2026, APS Bank plc announced that its Board of Directors is scheduled to meet on Thursday 12 March 2026 to consider the approval of the financial statements for the financial year ended 31 December 2025. The Directors will also consider the declaration of a dividend, subject to regulatory approval. - [MaltaPost plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-payment-date-8/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/bmit2601/) - On 23 February 2026, BMIT Technologies plc announced that its Board of Directors is scheduled to meet on Tuesday 10 March 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Board will also consider the declaration of a final dividend. - [Daily Review 20.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-02-2026/) - Plaza to hold an EGM in March The MSE Equity Price Index moved 0.1% higher to 3,868.7 points as gains in Plaza, MPC, Maltapost, BOV, and Quinco outweighed losses in BMIT, Mapfre, Santumas and Lifestar. Meanwhile, seven other equities closed unchanged as today’s total value traded amounted to €0.6 million. Download today's Equity Market Summary. - [Extraordinary General Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/plz2601/) - On 19 February 2026, Plaza Centres plc announced that it will hold an Extraordinary General Meeting (EGM) on Wednesday 25 March 2026 following a requisition duly submitted by Virgata HQ Limited. Shareholders as at close of trading on 19 February 2026 will receive an explanatory circular and be entitled to vote and attend the EGM. - [Daily Review 19.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-02-2026/) - Substantial trading in Hili Properties for 2nd consecutive session The MSE Equity Price Index moved 0.3% higher to 3,865.1 points as declines in Farsons, AX Real Estate, GO, APS and Quinco outweighed gains in Mapfre and HSBC. Meanwhile, four other equities closed unchanged as today’s total value traded amounted to €2.2 million. Download today's Equity - [Funding national projects](https://new.rizzofarrugia.com/published-articles/weekly/funding-national-projects/) - In the concluding paragraph of last week’s article, I remarked that “the latest ambitious reiteration of the Grand Harbour regeneration plan is another clear case study of how the intermediation function of the capital markets can enable investors mobilise their liquidity to fund sizeable projects for public and private initiatives”. Given the huge publicity being - [Daily Review 18.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-02-2026/) - Hili Properties climbs to 4-year high of €0.27 on robust trading The MSE Equity Price Index moved 0.4% higher to 3,877.0 points as gains in Hili Properties, Harvest, HSBC and Quinco outweighed declines in IHI, Farsons and MPC. Meanwhile, four other equities closed unchanged as today’s total value traded amounted to €4.2 million. Download today's - [Promise of Sale Agreement for Trident House](https://new.rizzofarrugia.com/malta-market-news/2025/tri2505/) - On 27 October 2025, Trident Estates plc announced that it entered into a promise of sale agreement with BBT plc and OS Developments Limited to sell Trident House and its surrounding land comprising a total area of 13,593 sqm for a consideration of €29.25 million. An amount of €4 million of the consideration was paid - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/axre2601/) - On 18 February 2026, AX Real Estate plc announced that its Board of Directors is scheduled to meet on Friday 20 February 2026 to consider the approval of the financial statements for the year ended 31 October 2025. - [AX Real Estate plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-full-year-results-4/) - [Daily Review 17.02.22026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-02-22026/) - Eight equities drag MSE Equity Price Index down The MSE Equity Price Index ended an eight-day run of gains as it moved 0.88% lower to 3,861.4 points. Declines in eight equities outweighed a gain in the ordinary shares of RS2. Meanwhile, six other equities closed unchanged as today’s total value traded amounted to €0.27 million. - [Daily Review 16.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-02-2026/) - MSE Equity Price Index registers 8th consecutive daily gain The MSE Equity Price Index increased for the 8th consecutive session as it climbed 0.76% higher to a 6-month high of 3,895.8 points. The gains in BOV, MIA, MPC and Medserv outweighed declines in The Convenience Shop and Quinco. Meanwhile, seven other equities closed unchanged as - [Daily Review 13.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-02-2026/) - MSE Equity Price Index rises to a five-month high The MSE Equity Price Index moved 0.55% higher to 3,866.5 points as gains in HSBC, Malita, Farsons and PG outweighed the decline in BOV. Meanwhile, six other equities closed unchanged as today’s total value traded amounted to €0.21 million. Download today's Equity Market Summary. HSBC Bank - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2026/fdm2601/) - On 13 February 2026, Finestday Malta plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €25 million 5.5% secured bonds maturing in 2036. Finestday Malta plc is the finance arm of Projectco 2024 Limited (the Guarantor), a company registered under the laws of England - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/mpc2601/) - On 13 February 2026, Malta Properties Company plc announced that its Board of Directors is scheduled to meet on Friday 6 March 2026 to consider the approval of financial statements for the year ended 31 December 2025. The Directors will also consider the declaration of a final dividend - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/mia2603/) - On 13 February 2026, Malta International Airport plc announced that its Board of Directors is scheduled to meet on Wednesday 25 February 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Directors will also consider the declaration of a dividend. - [Malta International Airport plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-full-year-results-6/) - [Daily Review 12.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-02-2026/) - BOV share price reaches 20-year high of €2.06 The MSE Equity Price Index moved 0.76% higher to 3,845.2 points as gains in BOV and VBL outweighed declines in HSBC, M&Z and MaltaPost. Meanwhile, four other equities closed unchanged as today’s total value traded amounted to €0.35 million. Download today's Equity Market Summary. Bank of Valletta - [Daily Review 12.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/69741/) - BOV climbs to 5-month high of €1.97 The MSE Equity Price Index moved 0.18% higher to 3,792.6 points as gains in BOV, GO, HSBC and the preference shares of RS2 outweighed declines in Lombard, MIDI, GHM and Trident. Meanwhile, four other equities remained unchanged as today’s total value traded amounted to €0.39 million. Download today's - [Malta’s earnings season](https://new.rizzofarrugia.com/published-articles/weekly/maltas-earnings-season/) - The earnings season is well-underway in the US, UK and Europe with companies issuing their Q4 financials and providing details on their guidance for the year ahead. One of the main focal points over recent days was the news of the expected sharp increase in capital expenditure plans by the so-called hyperscalers amounting to USD660 - [Daily Review 11.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-02-2025-2/) - MIA passenger traffic grows double-digit for 5th consecutive month The MSE Equity Price Index moved 0.62% higher to 3,816.3 points as gains in APS, BOV, Lombard, PG, and MPC outweighed a decline in MIA. Meanwhile, two other equities remained unchanged as today’s total value traded amounted to €0.25 million. Download today's Equity Market Summary. Malta - [January Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2026/mia2602/) - On 11 February 2026, Malta International Airport plc published the January 2026 traffic results. Passenger movements reached a new record for January and amounted to 594,889 passenger movements, which is 17.2% higher than the same month last year. The passenger growth was supported by aircraft movements which increased by 9.7% year-on-year, as well as a - [Terms of share buy-back](https://new.rizzofarrugia.com/malta-market-news/2026/mz2602/) - On 9 February 2026, M&Z plc announced that the Board of Directors has resolved to buyback an additional 250,000 of its own shares in the market at a price within a range of €0.45 to €0.62 per share on one or more occasions until Friday 27 March 2026. All buybacks will be undertaken by the - [Daily Review 06.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-02-2026/) - Four equities push MSE Equity Price Index higher The MSE Equity Price Index moved 0.14% higher to 3,785.9 points as gains in RS2, Farsons, MIA and APS outweighed declines in five equities. Meanwhile, five other equities remained unchanged as today’s total value traded amounted to €0.22 million. Download today's Equity Market Summary. Today’s most actively - [2025 Business Update & 2026 Outlook](https://new.rizzofarrugia.com/malta-market-news/2026/cpt2601/) - On 5 February 2026, Computime Holdings plc published a trading update providing the key performance highlights for 2025 and its outlook for 2026. FY2025 Business Update Computime explained that based on unaudited management information, the Group is expected to have registered record revenue and record profit before tax, exceeding the profit projections published in the - [Daily Review 05.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-02-2026/) - Computime expects FY2025 to exceed IPO profit projections The MSE Equity Price Index climbed 0.17% higher to 3780.8 points as gains in BOV, Computime, GO, and MPC outweighed declines in PG and Malita. Meanwhile, four other equities closed unchanged as today’s total value traded amounted to €0.24 million. Download today's Equity Market Summary. Computime Holdings - [A chaotic start to 2026](https://new.rizzofarrugia.com/published-articles/weekly/a-chaotic-start-to-2026/) - From the performance of the main indices in the US and Europe, one would think that it was a relatively calm and uneventful start to the year. In fact, the three main indices in the US all registered positive performances with the Dow Jones Industrial Average up by 1.7% while the S&P 500 (after briefly - [Daily Review 03.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-02-2026/) - MSE Equity Price Index drifts lower amid tepid trading The MSE Equity Price Index edged 0.04% lower to 3,770.8 points as gains in RS2 preference shares, M&Z and BOV were offset by declines in Farsons, MPC and GO. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today's Equity - [Daily Review 02.02.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-02-2026/) - Thin trading across 12 equities The MSE Equity Price Index remained practically unchanged at 3,772.4 points as the gains in GO and M&Z were offset by declines in APS, Quinco and MaltaPost. Meanwhile, seven other equities closed unchanged as today’s trading in local equities amounted to €0.16 million. Download today's Equity Market Summary. MaltaPost plc - [Daily Review - 30.01.26](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-01-26/) - MSE Equity Price Index drops to one-month low The MSE Equity Price Index shed 0.17% to 3,773.3 points as the declines in RS2 and FIMBank outweighed the gains in BOV, MIA and Medserv. Meanwhile, three other equities closed unchanged but overall trading value was lacklustre at under €40,000. Download today's Equity Market Summary. FIMBank plc - [Daily Review 29.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-01-2026/) - HSBC Malta triggers early redemption of MREL loan The MSE Equity Price Index increased by 0.12% to 3,779.5 points as the gains in APS, BMIT and PG outweighed the declines in BOV, GO, IHI, and M&Z. Meanwhile, three other equities closed unchanged. Trading value in local equities amounted to €0.14 million. Download today's Equity Market - [Early Redemption of MREL Loan](https://new.rizzofarrugia.com/malta-market-news/2026/hsbc2602/) - On 29 January 2026, HSBC Bank Malta plc announced that it triggered the clause for early redemption with respect to the loan agreement with HSBC Continental Europe that it had entered into in January 2023 to enable the bank meet the minimum requirement for own funds and eligible liabilities (MREL) as set by the Single Resolution Board. The €30 - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2026/hsbc2601/) - On 29 January 2026, HSBC Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 25 February 2026 to consider the approval of the audited financial statements for the financial year ended 31 December 2025. The Directors will also consider the declaration of a final dividend to be recommended to - [Revisiting the idea of MSE’s privatisation](https://new.rizzofarrugia.com/published-articles/weekly/revisiting-the-idea-of-mses-privatisation/) - Just over a decade ago, I published an article titled “A roadmap for the Malta Stock Exchange”, in which I had reported that during the 2016 Budget Speech, the Finance Minister at the time, Hon Edward Scicluna, announced that the Malta Stock Exchange (MSE) and the Ministry of Finance had established a committee in order - [Daily Review - 28.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-01-2026/) - Four equities drag the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.54% to 3,775.1 points as the declines in APS, Malita, Plaza, and Farsons outweighed the gain in BMIT. Meanwhile, four other equities closed unchanged. Trading value in local equities amounted to €0.26 million. Download today's Equity Market Summary. Simonds - [Daily Review - 27.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-01-2026/) - Most equities unchanged amid muted activity The MSE Equity Price Index increased by 0.47% to 3,795.5 points as the gains in APS, BOV, and Mapfre outweighed the decline in BMIT. Meanwhile, five other equities closed unchanged but overall trading activity was just under €0.10 million. Download today's Equity Market Summary. Malta International Airport plc closed - [Daily Review 26.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-01-2026/) - IHI to manage Corinthia Resort in Lake Como The MSE Equity Price Index fell by 0.13% to a one-month low of 3,777.9 points as the declines in MIA and GHM outweighed the gains in Harvest. Meanwhile, four other equities closed unchanged as overall trading activity amounted to €0.11 million. Download today's Equity Market Summary. International - [New Corinthia Resort in Lake Como](https://new.rizzofarrugia.com/malta-market-news/2026/ihi2602/) - On 26 January 2026, International Hotel Investments plc announced that its hotel operating arm Corinthia Hotels Limited signed a management agreement to operate a luxury resort in Lake Como, Italy. The agreement was signed with RoundShield, the European private credit and tactical opportunities platform of Harrison Street, a leading global investment manager, which recently announced - [Daily Review 22.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-01-2026-2/) - Substantial trading across Hili Properties The MSE Equity Price Index snapped a three-day positive streak as it fell by 0.73% to 3,782.9 points. The gains in Hili Properties, Harvest and MPC were offset by the declines in APS, BOV, and PG. Meanwhile, five other equities closed unchanged as overall trading activity amounted to €0.25 million. - [Daily Review 22.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-01-2026/) - HSBC Malta indicates quarterly dividend payment dates The MSE Equity Price Index extended its positive run for the third consecutive session as it climbed by a further 0.18% to 3,810.9 points. The gains in BOV and Farsons outweighed the declines in GO, MaltaPost and Mapfre. Meanwhile, five other equities closed unchanged. Download today's Equity Market - [HSBC Bank Malta plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-full-year-results-5/) - [Further growth ahead for MIA](https://new.rizzofarrugia.com/published-articles/weekly/further-growth-ahead-for-mia/) - Last week Malta International Airport plc published its customary announcement at the start of the year confirming the traffic results for the previous 12-month period and providing traffic and financial guidance for the current calendar year. Given the reports across social media on 30 December that the airport operator had just achieved the milestone of - [Daily Review 21.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-01-2026/) - M&Z to conduct further share buybacks The MSE Equity Price Index climbed by 0.03% to 3,803.99 points reflecting the gains in MaltaPost and M&Z. Meanwhile, five other equities closed unchanged but overall trading value was muted at just under €65,000. Download today's Equity Market Summary. M&Z plc advanced by 1.7% to the €0.60 level across - [Terms of Share Buyback](https://new.rizzofarrugia.com/malta-market-news/2026/mz2601/) - On 21 January 2026, M&Z plc announced that it will be implementing further share buybacks relating to the share buyback program which was approved during the Annual General Meeting held in June 2025. In this respect, M&Z will be buying back an additional 500,000 of its own shares in the market at a price within - [Mapfre Middlesea plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-full-year-results-6/) - [Basis of Acceptance and Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2026/hf2602/) - On 20 January 2026, Hili Finance plc announced the basis of acceptance and allocation policy in relation to the offer of €60 million 5.0% unsecured bonds redeemable in 2033. Hili Finance explained that it received a total of 4,714 applications for a total value of €82.6 million. As a result of the over-subscription, the offer - [Daily Review 20.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-01-2026/) - IHI surges amid progress on Lisbon hotel sale The MSE Equity Price Index climbed by 0.48% to 3,802.95 points as the gains in IHI, APS and Farsons outweighed the declines in Harvest, Lombard and Mapfre. Meanwhile, six other equities closed unchanged but overall trading value was muted at under €0.1 million. Download today's Equity Market - [Joint Venture To Acquire Lisbon Corinthia Hotel](https://new.rizzofarrugia.com/malta-market-news/2026/ihi2601/) - On 19 January 2026, International Hotel Investments plc announced that it has entered into a framework agreement with Orion European Real Estate Fund VI, a fund managed by Orion Capital Managers, an experienced investor in the European hotel sector, to acquire and own in joint-venture the five-star Lisbon Corinthia Hotel. IHI’s subsidiary Corinthia Hotels Limited - [Daily Review 19.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-01-2026/) - Mixed movements across local equities Download today's Equity Market Summary. Quinco Holdings plc rebounded by 6.6% to the €0.97 level across four deals totalling 3,200 shares. GO plc climbed 0.8% to the €2.50 level on a single trade of 5,000 shares. GO’s IT services and digital infrastructure subsidiary BMIT Technologies plc closed unchanged at the - [Preliminary Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2026/izi2601/) - On 19 January 2026, IZI Finance plc announced its intention for a second issuance of bonds on the Official List of the Malta Stock Exchange and confirmed that it will soon be submitting an application to the Malta Financial Services Authority for admission to listing of up to €30 million in unsecured bonds redeemable in - [Computime Holdings plc – Business Performance Update](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-business-performance-update/) - [Malta Properties Company plc – Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/malta-properties-company-plc-full-year-results-5/) - [BMIT Technologies plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-full-year-results-7/) - [Daily Review 16.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-01-2026/) - Several companies publish their 2026 financial calendar The MSE Equity Price Index fell by 0.50% to 3,793.0 points driven by the declines in BMIT, BOV, GO, MPC and Quinco. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.1 million. Download today's Equity Market Summary. GO plc declined by 1.6% to the - [Daily Review 15.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-01-2026/) - MIA expects EBITDA of €98 million in 2026 The MSE Equity Price Index decreased by 0.23% to 3,812.1 points as the declines in APS and GO outweighed the gain in Harvest. Meanwhile, four other equities closed unchanged as today’s trading activity was muted at €0.08 million. Downlaod today's Equity Market Summary. Malta International Airport plc - [December Traffic Results & 2026 Forecasts](https://new.rizzofarrugia.com/malta-market-news/2026/mia2601/) - On 14 January 2026, Malta International Airport plc published the December 2025 traffic results and provided key performance targets for 2026. December 2025 Traffic Results In December, MIA welcomed a monthly record of 709,352 passengers, which is 19.9% higher than the movements handled in the same month in 2024. Consequently, all monthly passenger movements throughout - [Observations from the equity market](https://new.rizzofarrugia.com/published-articles/weekly/observations-from-the-equity-market/) - In early 2024, I published a number of articles dealing with the state of the Maltese equity market and also highlighting a number of initiatives that could revive sentiment towards shares. I also aired my views in a number of industry events dealing with the local capital market starting off with my keynote speech at - [Daily Review 14.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-01-2026/) - BOV dominates trading activity The MSE Equity Price Index decreased by 0.18% to 3,820.7 points driven by the declines in BOV and Farsons. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.31 million. Download today's Equity Market Summary. .Bank of Valletta plc moved 0.5% lower to the €1.92 level over twenty-three - [Increase in Shareholding](https://new.rizzofarrugia.com/malta-market-news/2026/lsi2601/) - On 14 January 2026, LifeStar Insurance plc announced that its major shareholder LifeStar Holding plc had increased its shareholding in the company from 74.23% to 75.40%, following the acquisition of 759,541 shares. - [APS Bank plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-annual-results/) - [Daily Review 13.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-01-2026/) - BOV and HSBC push MSE Equity Price Index higher The MSE Equity Price Index increased by 0.3% to 3,827.6 points driven by the gains in BOV and HSBC. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.32 million. Download today's Equity Market Summary. Bank of Valletta plc moved 0.5% higher to - [Daily Review 12.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-01-2026/) - Medserv awarded another Suriname contract The MSE Equity Price Index remained practically unchanged at 3,816.236 points as the gain in MIA was offset by the declines in APS, GO, Lombard, and The Convenience. Meanwhile, five equities closed unchanged. Download today's Equity Market Summary. Today, MedservRegis plc announced that its subsidiary Medserv International Ltd has entered - [Early Closure of Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2026/hf2601/) - On 9 January 2026, Hili Finance Company plc announced that the recent offer of €60 million 5.00% unsecured bonds 2033 has been oversubscribed. As a result, the company closed the offer ahead of schedule on 9 January 2026. Hili Finance Company explained that it will be announcing the basis of acceptance in relation to the - [Award of Contract in Suriname](https://new.rizzofarrugia.com/malta-market-news/2026/mds2601/) - On 12 January 2026, MedservRegis plc announced that its subsidiary Medserv International Ltd has entered into a new framework agreement for the provision of marine agency services in Suriname with a leading international engineering and drilling contractor operating in Suriname. The agreement will run until 15 December 2029 and is expected to generate multimillion revenues - [Daily Review 09.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-01-2026/) - MSE Equity Price Index moves lower on thin volumes The MSE Equity Price Index fell by 0.16% to 3,816.7 points as the declines in HSBC, MIA and Quinco outweighed the gain in M&Z. Meanwhile, four equities closed unchanged as today’s trading activity in local equities was muted at around €56,000. Download today's Equity Market Summary. - [Daily Review 08.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-01-2026/) - GO pushes MSE Equity Price Index higher The MSE Equity Price Index increased by 0.04% to 3,822.897 points as the gains in GO outweighed the declines in MPC, Farsons and M&Z. Meanwhile, six equities closed unchanged as today’s trading activity amounted to €0.17 million. Download today's Equity Market Summary. GO plc surged by 2.4% to - [When is a financial ratio healthy?](https://new.rizzofarrugia.com/published-articles/weekly/when-is-a-financial-ratio-healthy/) - During the course of 2025, I regularly wrote about Malta’s corporate bond market in view of the record amount of issuance last year at over €700 million and also in view of the increased media coverage of the bond market as a result of the well-documented challenges faced by a number of issuers most of - [Daily Review 07.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-01-2026/) - APS climbs to 4-week high The MSE Equity Price Index reversed most of yesterday’s declines as it rebounded by 0.65% to 3,821.272 points. The gains in APS, BOV, MIA, and Plaza outweighed the decline in Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.11 million. Download today's Equity Market Summary. - [Daily Review 06.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-01-2025-2/) - MSE Equity Price Index snaps 4-day positive streak The MSE Equity Price Index fell for the first time in five sessions at it shed 0.77% to 3,796.730 points as seven equities moved lower while HSBC Bank Malta plc closed unchanged at the €1.42 level as 2,669 shares changed hands. Downlaod today's Equity Market Summary. The - [Daily Review 05.01.2026](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-01-2026/) - MSE Equity Price Index reaches a 1-month high The MSE Equity Price Index rose by 1.00% to a one-month high of 3,826.166 points as the gains in BMIT, BOV, FIMBank, Harvest, MIA and Farsons outweighed the decline in MaltaPost. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today's Equity - [Daily Review 30.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-12-2025/) - MIA exceeds 10 million passenger movements The MSE Equity Price Index rose by 0.27% to 3,788.107 points as the gains in APS, BMIT, Lombard, MIDI, and Malta Properties Company outweighed the declines in BOV, MIA, and PG. Meanwhile, four equities closed unchanged as today’s total trading activity amounted to €0.47 million. Trading on the MSE - [Daily Review 29.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-12-2025/) - Santumas Shareholdings NAV climbs to €2.00 per share The MSE Equity Price Index rose by 1.54% to 3,777.925 points driven by the gains in 15 equities. Meanwhile, six equities closed unchanged as today’s total trading activity amounted to €0.13 million. Download today's Equity Market Summary. Today, Santumas Shareholdings plc published its interim financial statements for - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/sts2504/) - On 29 December 2025, Santumas Shareholdings plc published its interim financial statements for the six-month period ended 31 October 2025. Investment income rose to a record (at the interim stage) of €0.98 million compared to the €0.53 million generated in the comparable period last year driven by the higher income from dividends of €0.88 million. On - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/hvl2503/) - On 12 December 2025, Hili Finance Company plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €60 million 5% unsecured bonds maturing in 2033. The salient details of the new bond issue are as follows: Coupon: 5.00% Amount Offered: €60 million (nominal) Issue Price: - [Update on Financing for Housing Project](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2506/) - On 24 December 2025, Malita Investments plc announced that it secured an indicative term sheet for financing which would enable it to complete the affordable housing project. As part of this process, the company is also embarking on a restructuring plan to ensure the financial sustainability of the project. Malita Investments explained that the company - [Daily Review 23.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-12-2025/) - Lombard drops to a multi-year low of €0.60 The MSE Equity Price Index increased by 0.05% to 3,720.817 points as the gains in BOV, MIDI and MIA outweighed the declines in APS, Lombard, Main Street Complex and Mapfre Middlesea. Meanwhile, five equities closed unchanged as today’s total trading activity amounted to around €73,000. Trading on - [Santumas Shareholdings plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/santumas-shareholdings-plc-interim-results-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/sts2503/) - On 23 December 2025, Santumas Shareholdings plc announced that its Board of Directors is scheduled to meet on Monday 29 December 2025 to consider the approval of the interim financial statements for the six-month period ended 31 October 2025. - [Definitive Agreement for Majority Shareholding](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2511/) - On 23 December 2025, HSBC Bank Malta plc announced that following the put option agreement between its parent company HSBC Continental Europe (‘HBCE’) and CrediaBank S.A., regarding the potential sale of HBCE’s majority shareholding in the bank, HBCE’s French works council process was completed and HBCE and CrediaBank have now entered into a definitive agreement - [Daily Review 22.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-12-2025/) - MIDI to sell several commercial premises The MSE Equity Price Index decreased by 0.15% to an almost two-month low of 3,724.225 points as the declines in BMIT, BOV and Quinco outweighed the gains in GO, HSBC and MaltaPost. Meanwhile, six other equities closed unchanged as today’s trading activity was muted at around €37,000, the lowest - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/pg2511/) - On 19 December 2025, PG plc published its interim financial results for the six-month period ended 31 October 2025. Revenue increased by 8.4% to €104.8 million compared to €96.7 million in the first six-months of the previous financial year. Operating costs also increased by 8.4% to €94.3 million as the Group’s operations continued to be affected by - [Promise of Sale Agreements for Commercial Premises](https://new.rizzofarrugia.com/malta-market-news/2025/midi2509/) - On 22 December 2025, MIDI plc announced that it entered into promise of sale agreements with Basel Capital Limited, whereby MIDI plc and its fully owned subsidiary T14 Investments Limited promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 over the eleven commercial premises which - [Daily Review 19.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-12-2025/) - Plaza climbs 10% following large off-market deal The MSE Equity Price Index increased by 0.05% to 3,724.225 points as the gains in BMIT, BOV, Grand Harbour Marina, MaltaPost and Plaza outweighed the declines in GO, Mia and the ordinary shares of RS2. Meanwhile, four equities closed unchanged as today’s trading activity was muted at just - [Cancellation of Shares](https://new.rizzofarrugia.com/malta-market-news/2025/mia2518/) - On 19 December 2025, Malta International Airport plc announced that it cancelled 50,404 shares, which are all of the shares re-purchased through the share buy-back programme until 30 November 2025. Consequently, the total amount of outstanding shares of MIA was reduced to 135,249,596. - [MaltaPost plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-payment-date-7/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mtp2504/) - On 18 December 2025, MaltaPost plc published its Annual Report and Financial Statements for the financial year ended 30 September 2025. Revenues increased by 6.3% to €42.7 million reflecting the 7.3% increase in local revenues to €21.3 million as well as the 5.2% increase in international cross-border postal sales to €21.4 million. Postal revenues remained - [MaltaPost plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-annual-general-meeting-9/) - [Change in Shareholding](https://new.rizzofarrugia.com/malta-market-news/2025/plz2505/) - On 18 December 2025, Plaza Centres plc announced that its shareholder Mapfre Middlesea plc had disposed of all its 31.4% shareholding in the company. Furthermore, Plaza also announced that Virgata HQ Limited, a subsidiary of the Luxembourg-based private investment firm Virgata Group Sarl increased its shareholding from 6.2% to 37.6%. The Off-Market transaction took place - [Promise of Sale Agreement for Rabat Exchange](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2506/) - On 18 December 2025, Malta Properties Company plc announced that it entered into a promise of sale agreement with Ten21 Limited for the eventual sale of the Rabat Exchange building for a total consideration of €2 million. This represents a premium of €0.8 million over the property’s asset value in the MPC's financial statements as - [MaltaPost plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-annual-general-meeting-8/) - [MaltaPost plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-payment-date-6/) - [MaltaPost plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-cut-off-date-8/) - [Daily Review 18.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-12-2025/) - MaltaPost registers record operating profit of €6.2 million The MSE Equity Price Index increased by 0.23% to 3,722.435 points as the gains in APS, BOV and GO outweighed the declines in Medserv, Mapfre and MaltaPost. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to a one week high €0.51 million. Download today's - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-62/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-61/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-60/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-52/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-60/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-65/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-62/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-59/) - [Strong year for European equities](https://new.rizzofarrugia.com/published-articles/weekly/strong-year-for-european-equities/) - Following last week’s article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markets in my last article for the year. European stock markets outperformed most other global equity markets during early 2025 and registered one of their best starts of - [Daily Review 17.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-12-2025/) - Varied movements on weak volumes The MSE Equity Price Index snapped a three-day losing streak as it increased by 0.06% to 3,714.040 points as the gains in BOV, MIA, MaltaPost, Farsons and the ordinary shares of RS2 outweighed the declines in APS and GO. Meanwhile, five other equities closed unchanged as today’s trading activity amounted - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/shm2501/) - On 17 December 2025, Shoreline Mall plc published an updated Financial Analysis Summary, which included forecasts for the current financial year ending 30 June 2026 and projections the following year ending 30 June 2027. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc: In FY2025/26, revenue is expected to - [Promise of Sale Agreement for Fort Tigné](https://new.rizzofarrugia.com/malta-market-news/2025/midi2508/) - On 16 December 2025, MIDI plc announced that it entered into a promise of sale agreement with J. Portelli Projects Ltd, whereby MIDI plc promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 over the property known as Fort Tigné in Sliema, including the surrounding - [Daily Review 16.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-12-2025/) - BOV dominates trading volumes The MSE Equity Price Index decreased for the third consecutive session as it fell by 0.51% to 3,711.718 points as the declines in BOV, Malita and the ordinary shares of RS2 outweighed the gain in MaltaPost. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.28 million. Download - [Daily Review 15.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-12-2025/) - MSE Equity Price Index falls for the second consecutive session The MSE Equity Price Index declined by 0.13% to 3,730.827 points driven by the declines in APS and MaltaPost. Meanwhile, six other equities closed unchanged as today’s daily trading activity amounted to €0.11 million. Download today's Equity Market Summary. APS Bank plc shed 2.0% to - [Basis of acceptance](https://new.rizzofarrugia.com/malta-market-news/2025/cphcl2505/) - On 15 December 2025, CPHCL Finance plc announced the basis of acceptance in relation to the offer of €45 million 5.35% unsecured bonds due in 2035 in terms of the prospectus dated 12 November 2025. The company explained that applications from existing bondholders of 4.25% unsecured bonds maturing in 2026 amounted to €37.4 million, which were - [Harvest Technology plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-payment-date-16/) - [Daily Review 12.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-12-2025/) - MIA surpasses the 2024 annual movements in 11 months The MSE Equity Price Index fell by 0.37% to 3,735.685 points as the declines in APS, BOV, Harvest, Malita, PG and the preference shares of RS2 outweighed the gains in HSBC and VBL. Meanwhile, three other equities closed unchanged as today’s daily trading activity was muted - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/hvl2504/) - On 12 December 2025, Hili Finance Company plc published an updated Financial Analysis Summary including forecasts for the financial year ending 31 December 2025 and projections the year ending 31 December 2026. The following are the main highlights of the expected financial performance and position of Hili Ventures Limited (the Guarantor of the bonds): In 2025, revenue - [November Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2517/) - On 12 December 2025, Malta International Airport plc announced that passenger movements in November 2025 amounted to 734,791 which is 16.5% higher than the movements of 630,637 recorded in November 2024. This was the first time that passenger movements surpassed the 700,000 level in the month of November. The seat load factor for November 2025 - [Daily Review 11.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-12-2025/) - Six equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.41% to 3,749.446 points as the gains in six equities outweighed the declines in FIMBank, Quinco, Malita and IHI. Meanwhile, four other equities closed unchanged as today’s daily trading activity amounted to €0.22 million. Download today's Equity Market - [S&P 500: another year of strong gains](https://new.rizzofarrugia.com/published-articles/weekly/sp-500-another-year-of-strong-gains/) - The US equity market is approaching the end of 2025 showing another strong year of gains. Since the start of the current bull market that began in late 2022 (the S&P 500 index had bottomed at 3,577 points on 12 October 2022), the index has jumped by over 90% with gains of more than 20% - [Daily Review 10.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-12-2025/) - Substantial trading across BOV shares The MSE Equity Price Index fell by 0.25% to a fresh two-week low of 3,734.178 points driven by the declines in BOV, Malita, MaltaPost, and Malta Properties. Meanwhile, eight other equities closed unchanged as today’s daily trading activity amounted to €0.58 million. Download today's Equity Market Summary. Bank of Valletta - [Harvest Technology plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-cut-off-date-13/) - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/hrv2505/) - On 10 December 2025, Harvest Technology plc announced that it will distribute a net interim dividend of €0.03 per share in line with last year. Shareholders as at close of trading on Thursday 11 December 2025 will be entitled to receive the dividend by not later than Friday 19 December 2025. - [Daily Review 09.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-12-2025/) - Year-to-date trading value in BOV surpasses €20 million The MSE Equity Price Index fell by 0.62% to a two-week low of 3,743.385 points as the declines in twelve equities outweighed the gains in APS, Quinco and Farsons. Meanwhile, four other equities closed unchanged as today’s daily trading activity amounted to €0.32 million. Download today's Equity - [Daily Review 05.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-12-2025/) - BOV Publishes Bond Issue Allocation Policy The MSE Equity Price Index fell by 0.39% to 3,766.575 points as the declines in APS, BOV, and HSBC outweighed the gains in IHI. Meanwhile, three equities closed unchanged as today’s daily trading activity amounted to €0.15 million. Download today's Equity Market Summary. Bank of Valletta plc shed 1.5% - [Update on Strategic Review and Works Suspension](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2505/) - On 4 December 2025, Malita Investments plc announced that following a strategic review of its position on the Affordable Housing Project, it has exercised its contractual right to suspend works on the Qrendi, Cospicua and Ħal-Farruġ sites, being the only remaining open sites. The Company has explored various options with relevant stakeholders to determine the - [Bond Issue Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2025/bov2518/) - On 5 December 2025, Bank of Valletta plc announced the allocation policy with respect to the recent offer of up to €125 million 5.00% unsecured subordinated bonds 2030-35. The Bank explained that it received a total of 3,312 applications for a total value of €130.9 million There were 33 applications lodged by Professional Clients and - [Daily Review 04.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-12-2025/) - Muted trading activity across local equities The MSE Equity Price Index rose by 0.54% to 3,781.335 points as the gains APS, BOV and Mapfre Middlesea outweighed the decline in MIA. Meanwhile, HSBC Bank Malta plc traded flat at the €1.41 level as 1,286 shares changed hands. Today’s trading activity was muted at a three-month low - [Early Closure of Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/cphcl2504/) - On 3 December 2025, CPHCL Finance plc announced that the recent offer of €45 million 5.35% unsecured bonds 2035 has been oversubscribed. As a result, the company closed the offer ahead of schedule on 4 December 2025. CPHCL Finance explained that it will be announcing the basis of acceptance in relation to the bonds by - [The bond market in 2026](https://new.rizzofarrugia.com/published-articles/weekly/the-bond-market-in-2026/) - With just a few weeks left until the end of the year, it is the right time to look back at achievements and developments over recent months and possible outcomes during 2026. In terms of new issuance activity across the domestic corporate bond market, 2025 has undoubtedly been a record year with a value of - [Daily Review 03.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-12-2025/) - PG closes at 6-year low of €1.72 The MSE Equity Price Index fell by 0.33% to 3,760.981 points as the declines in APS, IHI, and PG outweighed the gain in GO. Meanwhile, five equities closed unchanged as today’s trading activity amounted to €0.19 million. Download today's Equity Market Summary, PG plc shed 0.6% to a - [Preliminary Details Of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/hvl2502/) - On 3 December 2025, Hili Finance Company plc announced the preliminary details pertaining to an upcoming new bond issue of €60 million unsecured bonds having a coupon of 5.00% and maturing in 2033. The company explained that is expecting regulatory approval from the Malta Financial Services Authority (MFSA) over the coming weeks and the offer - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/pg2510/) - On 2 December 2025, PG plc announced that its Board of Directors is scheduled to meet on Friday 19 December 2025 to consider the approval of the interim financial statements for the six-month period ended 31 October 2025. - [PG plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/pg-plc-interim-results-6/) - [Results of MGS Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2510/) - On 21 November 2025, the Treasury Department announced that it received applications totalling around €542.5 million (nominal) for the three new Malta Government Stocks. The Treasury had offered a total of €350 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €100 million (nominal). The Treasury exercised - [Daily Review 02.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-12-2025/) - Four Equities pull MSE Equity Price Index Lower The MSE Equity Price Index fell by 0.78% to 3,769.308 points as the declines in Trident, BOV, MIA and Farsons outweighed the gains in BMIT, Plaza and Malta Properties Company. Meanwhile, HSBC Bank Malta plc (1,482 shares) and APS Bank plc (39,456 shares) closed unchanged at - [Daily Review 01.12.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-12-2025/) - BOV and MIA push MSE Equity Price Index higher The MSE Equity Price Index rose by 0.57% to 3,777.271 points as the gains in BOV and MIA outweighed the declines in Convenience and Quinco. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today's Equity Market Summary. Bank of - [Daily Review 28.11.2025](https://new.rizzofarrugia.com/daily-review/daily-review-28-11-2025/) - Thin trading across multiple equities The MSE Equity Price Index fell by 0.56% to 3,777.271 points as the declines in APS, Hili Properties, MIA, Mapfre Middlesea, Farsons and the ordinary shares in RS2 outweighed the gains in BOV and MaltaPost. Meanwhile, seven equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today's - [Daily Review 27.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-11-2025/) - RS2 registers growth in processing and merchant solutions The MSE Equity Price Index fell by 0.07% to 3,898.484 points as the declines in AX Real Estate, Convenience, Harvest, and HSBC outweighed the gains in BMIT, Malta Properties Company and the preference shares of RS2. Meanwhile, four other equities closed unchanged as today’s trading activity was - [Interim Directors’ Statement](https://new.rizzofarrugia.com/malta-market-news/2025/rs22508/) - On 27 November 2025, RS2 plc published an Interim Directors’ Statement. The company explained that the focus of the Group remains on its Managed Services (Processing Solutions) business and Acquiring (Merchant Solutions) business and provided key business highlights of these segments. With regards to processing solutions, the Group registered further growth in the managed services - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/izi2501/) - On 26 November 2025, IZI Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of IZI Finance plc for the current financial year ending 30 June 2026: Revenue is expected to increase by 7.0% to €100.9 million (FY2024/25: €94.5 million), mostly driven by improved results - [Foreign bank participation in the MGS market](https://new.rizzofarrugia.com/published-articles/weekly/foreign-bank-participation-in-the-mgs-market/) - The month of November has been a truly busy time for the domestic bond market with various corporate bonds being issued together with the final Malta Government Stock (MGS) offering by the Treasury in which €426 million was raised. This is €24 million below the total permitted issuance of €450 million indicating the aggressive auctions - [Daily Review 26.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-11-2025/) - Three equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.35% to 3,800.975 points as the declines in BOV, MIA, and MaltaPost outweighed the gain Trident. Meanwhile, eight equities closed unchanged as today’s trading activity amounted to €0.25 million. Download today's Equity Market Summary. Bank of Valletta plc shed 1.0% - [Daily Review 25.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-11-2025/) - Substantial activity across BOV shares The MSE Equity Price Index rose by 0.53% to 3,814.167 points as the gains in GO and BOV outweighed the decline in PG. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.28 million. Download today's Equity Market Summary. Bank of Valletta plc accounted for about 90% of - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/pg2509/) - On 25 November 2025, PG plc resolved to distribute a net interim dividend of €0.025463 per share, unchanged when compared to the corresponding interim dividend paid out for the first half of the 2024/25 financial year. The interim dividend is payable on Friday 5 December 2025 to all shareholders as at close of trading on - [PG plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/pg-plc-dividend-payment-date-13/) - [PG plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/pg-plc-dividend-cut-off-date-12/) - [Rights Issue Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2025/aps2516/) - On 25 November 2025, APS Bank plc announced the basis of acceptance in relation to the Rights Issue as per the Prospectus dated 22 October 2025. APS explained that the 67,648,793 lapsed rights of the bank’s Qualifying Shareholders were allocated in Pre-Placement agreements for a total value of €29.8 million. Meanwhile, the remaining rights entitlement - [Basis of acceptance](https://new.rizzofarrugia.com/malta-market-news/2025/mds1525/) - On 25 November 2025, MedservRegis plc announced the basis of acceptance in relation to the offer of the euro equivalent of €25 million in 5.50% EUR and 6.50% US dollar unsecured bonds due in 2036 with the possibility of early redemption from 2031 in terms of the prospectus dated 20 October 2025. The company explained - [Daily Review 24.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-11-2025/) - Thin trading across 15 equities The MSE Equity Price Index fell by 0.23% to 3,793.912 points as the declines in BOV, BMIT, GO, MIA, MPC, and Main Street outweighed the gains in Computime, HSBC, IHI, Quinco and VBL. Meanwhile four other equities closed unchanged but overall trading value was muted at around €84,000. Download today's - [Daily Review 21.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-11-2025/) - RS2 receives principal issuing member status in Europe The MSE Equity Price Index rose by 1.44% to reach a two-month high of 3,802.570 points driven by the gains in eight equities. Meanwhile, Malta International Airport plc held the €5.95 level over trivial volumes. Download today's Equity Market Summary. The ordinary shares of RS2 plc surged - [Principal Issuing Member Status in Europe](https://new.rizzofarrugia.com/malta-market-news/2025/rs22507/) - On 20 November 2025, RS2 plc announced that its subsidiary RS2 Financial Services GmbH has become a Principal Issuing Member of Visa and Mastercard in Europe, allowing the company to directly issue Visa and Mastercard cards and to launch and manage payment card programs directly. RS2 explained that this is a significant milestone as the - [Daily Review 20.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-11-2025/) - Lacklustre trading across local equities The MSE Equity Price Index rose by 0.07% to 3,748.557 points driven by the gains in Lombard. Meanwhile, seven other equities closed unchanged as today’s trading activity was muted at around €80,000. Download today's Equity Market Summary. Lombard Bank Malta plc advanced by 3.1% to the €0.67 level on two - [The Campari method](https://new.rizzofarrugia.com/published-articles/weekly/the-campari-method/) - During last week’s informative seminar organised by Camilleri Preziosi on Corporate Finance, it was a pleasure listening to Mr Simon Grech, Chief Commercial Officer at Bank of Valletta plc, explaining a common method used in the assessment of credit risk when the bank reviews loans from current or prospective customers. Mr Grech was part of - [Daily Review 19.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-11-2025/) - Four equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.29% to 3,745.976 points as the gains in IHI, MIA, Malita, and MaltaPost outweighed the declines in PG, Mapfre Middlesea and the ordinary shares of RS2. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.14 - [Financial Performance Update](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2507/) - On 17 November 2025, VBL plc announced that its end of year revenue outlook for FY2025 is set to be in line with what was projected in the financial analysis summary dated 25 June 2025. Revenue is anticipated to increase by 5.8% to €4.3 million and the revenue split for the hospitality segment in FY2025 - [Daily Review 18.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-11-2025/) - APS Rights Issue Oversubscribed The MSE Equity Price Index fell by 0.44% to 3,734.993 points as the declines in seven equities outweighed the gains in APS, AX Real Estate, BMIT, and VBL. Meanwhile, three other equities closed unchanged as today’s total trading activity amounted to €0.13 million. Download today's Equity Market Summary. APS Bank plc - [Closure of Rights Issue](https://new.rizzofarrugia.com/malta-market-news/2025/aps2515/) - On 18 November 2025, APS announced that it has successfully raised €46.4 million from the Rights Issue which closed on Friday 14 November 2025, resulting in an over-subscription. Consequently, the Intermediaries’ Offer initially scheduled for Monday 24 November 2025 will not be opening. APS stated that details of the allocation policy and the updated timeline - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/cphcl2502/) - On 14 November 2025, CPHCL Finance plc published a Prospectus in relation to a new €45 million bond issue maturing in 2035. The salient features of the new bonds are as follows: Coupon: 5.35% Amount Offered: €45 million Issue Price: 100% (par) Interest Payment Date: Annually on 18 December (with the first interest payment date being 18 December 2026) - [Daily Review 17.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-11-2025/) - Malita drops to an all-time low of €0.342 The MSE Equity Price Index fell by 1.09% to 3,751.595 points as the declines in BOV, FIMBank, GO, and Malita outweighed the gains in BMIT and HSBC. Meanwhile, Malta International Airport plc held the €5.90 level as 987 shares changed hands. Today, MIA announced that last week - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/cphcl2503/) - On 14 November 2025, CPHCL Finance plc published an updated Financial Analysis Summary including forecasts for the financial year ending 31 December 2025 and projections the year ending 31 December 2026. The following are the main highlights of the expected financial performance and position of CPHCL: In 2025, revenue is expected to rise by 10.9% to a - [Daily Review 14.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-11-2025/) - Trading activity plunges to three-month low The MSE Equity Price Index fell by 0.16% to 3,792.938 points as the declines in AX Real Estate and Mapfre Middlesea outweighed the gains in PG and MIA. Meanwhile, five other equities closed unchanged as today’s trading activity was muted at close to €50,000. Download today's Equity Market Summary. - [Partial Bond Redemption](https://new.rizzofarrugia.com/malta-market-news/2025/gap2502/) - On 14 November 2025, GAP Group plc announced that on 22 December 2025, it will be exercising an option to redeem 35% (€7,027,580 nominal) of the outstanding €20,078,800 nominal 4.75% GAP Group plc secured bonds 2025-2027. Consequently, trading in the bonds will be suspended at the close of business on 19 November 2025 until further - [Daily Review 13.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-11-2025/) - Five equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.24% to 3,798.986 points as the gains in BOV, The Convenience, MIA, Malta Properties, and VBL outweighed the declines in APS, BMIT and Farsons. Meanwhile, three equities closed unchanged as today’s trading activity amounted to €0.11 million. Download today's - [Pricing of New MGS Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2509/) - On 13 November 2025, the Treasury Department established the prices for the three new Malta Government Stocks for an aggregate nominal amount of €350 million subject to an over-allotment option of up to a further €100 million as follows: (i) 2.55% MGS 2030 (V) at 100.00% for every €100 nominal giving a yield-to-maturity of 2.5495% per annum; and (ii) 3.40% MGS - [Quarterly Update & October Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2516/) - On 12 November 2025, Malta International Airport plc published the financial results for the first nine months of 2025. MIA also announced the traffic results for October. Financial Performance: January to September 2025 Revenues during the first nine months of 2025 amounted to €118.5 million, which is 10% higher than the comparable figure of €107.8 - [Debating spin-offs](https://new.rizzofarrugia.com/published-articles/weekly/debating-spin-offs/) - Last month’s equity listing of Quinco Holdings plc via a spin-off from Simonds Farsons Cisk plc raised the debate once again among the investing community on the rationale and effectiveness of a spin-off. Incidentally, the very recent corporate action by Farsons leading to the listing of Quinco Holdings took place exactly 10 years from the - [Daily Review 12.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-11-2025/) - Passenger movements at MIA surge by 16.7% in October The MSE Equity Price Index rose by 0.23% to 3,789.766 points as the gains in Plaza, GO, IHI, and MaltaPost outweighed the declines in BOV, PG and the preference shares of RS2. Download today's Equity Market Summary. Meanwhile, Malta International Airport plc held the €5.75 level - [Daily Review 11.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-11-2025/) - APS to provide General Insurance Services The MSE Equity Price Index rose by 0.29% to 3,781.101 points as the gains in APS, IHI and MaltaPost outweighed the declines in MIA, PG and Quinco. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities was muted at under €100,000. Download today's Equity Market - [Authorisation to provide General Insurance Services](https://new.rizzofarrugia.com/malta-market-news/2025/aps2514/) - On 11 November 2025, APS Bank plc announced that the Malta Financial Services Authority approved the enrolment of APS Bank as a Tied Insurance Intermediary on behalf of Atlas Insurance PCC Limited (for property and travel insurance), and Atlas Healthcare Insurance Agency Limited, (for health insurance). CEO Marcel Cassar commented that the move into General - [Daily Review 10.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-11-2025/) - Medserv EBITDA surges 30% in first 9 months of 2025 The MSE Equity Price Index fell by 0.17% to 3,770.278 points as the declines in BMIT, HSBC and MaltaPost outweighed the gain in Malita. Meanwhile seven equities closed unchanged as today’s trading activity amounted to €0.16 million. Download today's Equity Market Summary. Today, MedservRegis plc - [Interim Report](https://new.rizzofarrugia.com/malta-market-news/2025/mds2514/) - On 10 November 2025, MedservRegis plc issued an Interim Report providing information on their financial and business performance during the nine-month period ended 30 September 2025. Total revenue surged by 37.1% to €68.8 million compared to €50.2 million reported in corresponding period last year, driven by the Integrated Logistics Support Services (ILSS) segment which nearly - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mtp2503/) - On 10 November 2025, MaltaPost plc announced that its Board of Directors is scheduled to meet on Thursday 18 December 2025 to consider the approval of the financial statements for the year ended 30 September 2025. - [MaltaPost plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-interim-results-3/) - [Daily Review 07.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-11-2025/) - Mixed movements across several local equities The MSE Equity Price Index fell by 0.24% to 3,776.686 points as the declines in BMIT, GO, IHI, Malita, and the ordinary shares of RS2 outweighed the gains in Computime, HSBC, and MIA. Meanwhile, another three equities closed unchanged as today’s trading activity amounted to €0.13 million. Download today's - [Extension of Offer Period](https://new.rizzofarrugia.com/malta-market-news/2025/mds2513/) - On 7 November 2025, MedservRegis plc announced that in view of the current circumstances in the market, which is experiencing a number of simultaneous offers with overlapping offering periods, the Exchangeable Bonds Transfer Period of the Bond Issue is being extended up to 20 November 2025. The company will also proceed with an Intermediaries’ Offer - [Daily Review 06.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-11-2025/) - Five equities pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.35% to 3,785.711 points as the declines in APS, HSBC, IHI, GO, and VBL outweighed the gains in Trident and AX Real Estate. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.11 million. Download today's - [VBL plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-dividend-payment-date-4/) - [Malta’s growing debt servicing requirements](https://new.rizzofarrugia.com/published-articles/weekly/maltas-growing-debt-servicing-requirements/) - The main measures being proposed in the 2026 Budget Speech were given ample media coverage over the past 10 days. The initial part of today’s article will not delve into the merits of any of these recommendations but will focus on the state of the Government’s finances and the forecasts for Government’s fiscal position for - [Daily Review 05.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-11-2025/) - MSE Equity Price Index increases for the fifth consecutive session The MSE Equity Price Index rose by 1.53% to reach a one-month high of 3,799.178 points as the gains in ten equities outweighed the declines in GO, HSBC, Malta Properties, MaltaPost, Plaza and Trident. Meanwhile, two equities closed unchanged as today’s trading activity amounted to - [New Lease Agreement](https://new.rizzofarrugia.com/malta-market-news/2025/msc2505/) - On 4 November 2025, Main Street Complex plc announced that it had reached a lease agreement with a new tenant, Little Greens, which forms part of an established chain of supermarkets. Little Greens will operate an outlet on the ground floor as well as a café at the entrance to the building, together measuring around - [Daily Review 04.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-11-2025/) - Four equities lift MSE Equity Price Index higher The MSE Equity Price Index increased by 0.22% to 3741.889 points as the gains in APS, MaltaPost, PG and the ordinary shares of RS2 outweighed the declines in AX Real Estate, BMIT, GO, MIDI, Malita, Quicno and the preference shares of RS2. Meanwhile, two other equities closed - [Daily Review 03.11.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-11-2025/) - MSE Equity Price Index reaches two-week high The MSE Equity Price Index increased by 0.31% to 3733.720 points as the gains in HSBC, IHI, Malita and Mapfre Middlesea outweighed the declines in APS, BMIT, MIA, and Farsons. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.16 million. Download today's Equity Market - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/pg2508/) - On 3 November 2025, PG plc announced that its Board of Directors is scheduled to meet on Tuesday 25 November 2025 to consider the distribution of an interim dividend. - [PG plc - Board Meeting for Interim Dividend](https://new.rizzofarrugia.com/upcoming-events/pg-plc-board-meeting-for-interim-dividend/) - [Daily Review 31.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-31-10-2025/) - Muted trading activity in local equities The MSE Equity Price Index increased by 0.09% to 3722.349 points as the gains in BMIT and MIA outweighed the decline in The Convenience. Meanwhile, two other equities closed unchanged as today’s total trading activity amounted to just over €50,000. Download today's Equity Market Summary. BMIT Technologies plc gained - [Approval of Rights Issue Prospectus](https://new.rizzofarrugia.com/malta-market-news/2025/aps2511/) - On 22 October 2025, APS Bank plc published a Prospectus following regulatory approval in connection with a 3-for-11 Rights Issue. The salient details of the Rights Issue are as follows: Amount Offered: 104,066,181 new ordinary shares, of which 67,648,793 shares (resulting from the lapsed rights of the qualifying shareholders) have been taken up via a pre-placement process. - [Daily Review 30.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-10-2025/) - BMIT acquires 49% of MPC The MSE Equity Price Index rose by 0.46% to 3,718.852 points as the gains in BMIT, FIMBank, Malita, and Malta Properties Company outweighed the declines in APS, BOV, HSBC, and IHI. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.52 million. Download today's Equity Market Summary. - [Completion of Acquisition of MPC Shares](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2509/) - On 30 October 2025, BMIT Technologies plc announced that following the fulfilment of the conditions precedent of the Share Purchase Agreement, it purchased 49,642,139 ordinary shares of Malta Properties Company plc, which represent 49% of the total issued share capital of MPC. - [Acquisition Process of Controlling Stake](https://new.rizzofarrugia.com/malta-market-news/2025/fim2505/) - On 30 October 2025, FIMBank plc announced that it was informed that Jordan Kuwait Bank (JKB) intends to proceed with the acquisition process of a controlling stake in FIMBank. The contemplated transaction involves the acquisition by JKB of the 80.4% shareholding in FIMBank held by United Gulf Holding Company B.S.C. (UGH) as well as the - [APS aiming to accelerate market share gains](https://new.rizzofarrugia.com/published-articles/weekly/aps-aiming-to-accelerate-market-share-gains/) - APS Bank plc commenced the Q3 reporting period earlier this week confirming its increasing market presence across the retail banking sector. The September 2025 results published on Monday coincide with the €45 million rights issue currently taking place and the most-recent financial performance and trends provide some important indicators to shareholders as they deliberate the - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2025/bov2517/) - On 29 October 2025, Bank of Valletta plc issued a Quarterly Financial Update providing information about its performance during the nine-month period ended 30 September 2025 when compared to the same period in 2024. Net interest income decreased by 1.4% to €286 million (3Q 2024: €291 million) driven by a 12.7% increase in interest expenses to €43.9 - [Daily Review 29.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-10-2025/) - BOV reports further growth in loans and deposits The MSE Equity Price Index remained unchanged at 3701.740 points as the declines in Harvest, HSBC, Lombard, MIA and the ordinary shares of RS2 outweighed the gains in GO, MIDI and Medserv. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.24 million. Download - [Daily Review 28.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-10-2025/) - HSBC Malta reports resilient deposits but profit dips The MSE Equity Price Index fell by 0.10% to 3,701.432 points as the declines in Medserv, Malita, PG and Plaza outweighed the gains in APS, MIA, Farsons and Trident. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.17 million. Download today's Equity Market - [Interim Directors’ Statement](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2510/) - On 28 October 2025, HSBC Bank Malta plc issued an Interim Directors’ Statement updating the market on its performance during the nine-month period ended 30 September 2025. The Bank explained that revenue decreased by €24.6 million or 13% when compared to the comparable period last year, reflecting the impact of a lower interest rate environment. - [Daily Review 27.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-10-2025/) - Trident to sell Qormi property for over €29 million The MSE Equity Price Index fell by 0.64% to 3,705.141 points as the declines in thirteen equities outweighed the gains in five equities. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today's Equity Market Summary. Trident Estates plc held - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2025/aps2512/) - On 27 October 2025, APS Bank plc published a Quarterly Financial Update providing information about its performance during the nine-month period ended 30 September 2025. Net interest income rose by 15.1% to €56.5 million (3Q 2024: €49.1 million) driven by the continued growth in gross interest income (+7.8% to €91.3 million) as well as lower interest expenses (-2.4% - [New Stock Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2508/) - On 27 October 2025, the Treasury Department informed financial market participants about the upcoming issue of three new Malta Government Stocks for an aggregate nominal amount of €350 million subject to an over-allotment option of up to a further €100 million. The three new fixed-rate stocks will have maturity dates in 2030, 2035 and 2040 - [Daily Review 24.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-10-2025/) - GO launches insurance product for home contents The MSE Equity Price Index rose by 0.33% to 3,729.003 points as gains in Medserv, IHI, Malita, PG, and Quinco outweighed the declines in MIA, BOV and Lombard. Meanwhile, four equities closed unchanged as today’s total trading €0.20 million. Download today's Equity Market Summary. GO plc closed unchanged - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/bov2512/) - On 31 July 2025, Bank of Valletta plc published its interim financial statements covering the six-month period ended 30 June 2025. Net interest income declined by 2.5% to €189 million compared to the record of €194 million reported in the same period last year. Gross interest income eased by 1.6% to €217 million reflecting the drop - [Bank of Valletta plc - Quarterly Results](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-quarterly-results/) - [Daily Review 23.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-10-2025/) - Trading centres around BOV and PG The MSE Equity Price Index rose by 0.1% to 3,716.882 points as gains in BOV and AX Real Estate outweighed the declines in APS, Malita, and Quinco. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.28 million, mostly concentrated in BOV and PG which together - [MedservRegis: Debt reduction plan in sight](https://new.rizzofarrugia.com/published-articles/weekly/medservregis-debt-reduction-plan-in-sight/) - Earlier this week MedservRegis plc published a prospectus in connection with a €25 million bond issue which included an updated financial analysis summary containing revised financial forecasts for 2025 and projections for 2026. At a time of significant media attention being given to the corporate bond market and following the very weak financial performance of - [Daily Review 22.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-10-2025/) - APS receives regulatory approval for €45 million Rights Issue The MSE Equity Price Index eased by 0.21% to 3,713.602 points as the declines in HSBC and PG offset the gain in AX Real Estate. Meanwhile, four other equities closed unchanged. Download today's Equity Market Summary. Today, APS Bank plc published a Prospectus following regulatory approval - [APS Bank plc - End of Rights Issue Period](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-end-of-rights-issue-period/) - [APS Bank plc - Start of Rights Issue Period](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-start-of-rights-issue-period/) - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mds2512/) - On 21 October 2025, MedservRegis plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of up to €25 million in a mix of 5.50% euro-denominated unsecured bonds and 6.50% US dollar-denominated unsecured bonds maturing between 2031 and 2036. The salient details of the new bond - [Daily Review 21.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-10-2025/) - Medserv expects EBITDA of €19.5 million in FY2025 The MSE Equity Price Index increases by 0.16% to 3,721.378 points reflecting the gains of BOV and MPC. Meanwhile, eight other equities closed unchanged, albeit trading activity remained muted at under €90,000. Download today's Equity Market Summary, Today, MedservRegis plc published a Prospectus following regulatory approval for - [Daily Review 20.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-10-2025/) - Seven equities pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 1.01% to 3,715.448 points as the declines in seven equities outweighed the 1.2% gain in Simonds Farsons Cisk plc to the €4.98 level on two deals totalling 1,443 shares. Meanwhile, five equities closed unchanged. Download today's Equity Market Summary, - [Details of First Series & Tranche of Bond Issuance Programme](https://new.rizzofarrugia.com/malta-market-news/2025/bov2516/) - On 18 October 2025, Bank of Valletta plc published a Base Prospectus and Final Terms following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of up to €325 million Unsecured Euro Medium Term Bond Programme. The first series and tranche (S1T1) consists of the issuance of up to €125 million 5.0% unsecured - [Daily Review 17.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-10-2025/) - Year-to-date trading in BOV surpasses €17 million The MSE Equity Price Index rose by 2.25% to a two-week high of 3,753.450 points, rebounding from yesterday’s 20-month low, driven by the gains in nine equities. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today's Equity Market Summary. The vast - [Daily Review 16.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-10-2025/) - GO dominates trading activity for third consecutive session The MSE Equity Price Index fell by 0.25% to a fresh 20-month low of 3,671.036 points as the declines in APS, BOV, Lombard, and Malta Properties outweighed the gains in GO, Grand Harbour Marina, and Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity amounted - [APS Bank plc - Quarterly Results](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-quarterly-results-2/) - [Will the rally last?](https://new.rizzofarrugia.com/published-articles/weekly/will-the-rally-last/) - The US equity markets marched relentlessly higher in recent weeks with the S&P 500 index registering its best performance for the month of September (+3.5%) in 15 years, fuelled by optimism over artificial intelligence and following the long-awaited reduction in interest rates by the Federal Reserve. During the third quarter of 2025, the S&P 500 - [Daily Review 15.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-10-2025/) - Mixed share price movements across local equities The MSE Equity Price Index fell by 0.26% to a fresh fifteen-month low of 3,680.248 points as the declines in IHI, MIA, MaltaPost, PG and Quinco outweighed the gains in APS, BMIT, BOV and Mapfre Middlesea. Meanwhile, six equities closed unchanged as today’s trading activity amounted to €0.22 - [DAily Review 14.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-10-2025/) - GO share price drops 5% to €2.50 The MSE Equity Price Index fell by 1.19% to a fifteen-month low of 3,689.872 points as the declines in BOV, GO, HSBC, Lombard, Mapfre Middlesea, Main Street Complex, Quinco, Trident and the ordinary shares of RS2 outweighed the gains in Malita and Malta Properties Company. Meanwhile, four equities - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2506/) - On 8 October 2025, Computime Holdings plc announced that the Board of Directors resolved to distribute a gross interim dividend of €0.9 million, equivalent to €0.014486 (net: €0.0107) per share. The dividend is payable to shareholders as at the close of trading on Monday 13 October 2025 and will be paid by Friday 31 October - [Daily Review 13.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-10-2025/) - APS raises €30m via Rights Issue placement process The MSE Equity Price Index remained virtually unchanged at 3,734.319 points as the declines in APS, BOV, HSBC, Hili Properties, and Malita outweighed the gains in AX Real Estate, GO, IHI, and Lombard. Meanwhile, two equities closed unchanged as today’s trading activity was muted at €0.31 million. - [Conclusion of Placement Process](https://new.rizzofarrugia.com/malta-market-news/2025/aps2510/) - On 13 October 2025, APS announced that all the lapsed rights of the qualifying shareholders, namely AROM Holdings Ltd (owned by the Archdiocese of Malta) and the Diocese of Gozo, amounting to 67,648,793 shares have been taken up via a placement process. These shares were placed at the offer price of €0.44 per share, for - [Three New Processing Deals](https://new.rizzofarrugia.com/malta-market-news/2025/rs22506/) - On 10 October 2025, RS2 plc announced that its subsidiary RS2 Smart Processing has concluded three deals for the provision of processing services. In Latin America, RS2 will be orchestrating the entire acquiring platform for a market leading client in payment services. RS2’s comprehensive platform will deliver end-to-end services encompassing authorisation and clearing, merchant billing - [Daily Review 10.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-10-2025/) - Passenger movements at MIA surge by 10.5% in September The MSE Equity Price Index rose by 0.72% to 3,735.885 points as the gains in BOV, Hili Properties, Lombard, M&Z as well as the ordinary and preference shares of RS2 outweighed the decline in AX Real Estate. Meanwhile, three equities closed unchanged as today’s trading activity - [Distribution of Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mds2511/) - On 10 October 2025, MedservRegis plc announced that the Board of Directors approved the submission of an application to the Malta Financial Services Authority requesting admissibility to listing and trading of new bonds consisting of the Euro equivalent of €25 million in a mix of 5.50% euro-denominated unsecured bonds and 6.50% US Dollar denominated unsecured - [September Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2515/) - On 10 October 2025, Malta International Airport plc announced that passenger movements in September 2025 amounted to 990,556, which is 10.5% higher than the movements of 896,471 recorded in September 2024. The seat load factor for September 2025 stood at 90.7%, a 0.5 percentage point increase compared to September 2024. Meanwhile, aircraft movements increased by - [Daily Review 09.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-10-2025/) - MSE Equity Price Index falls to a ten-month low The MSE Equity Price Index fell by 0.28% to a ten-month low of 3,709.052 points as the declines in APS, GO, Lombard, Malita, and Malta Properties outweighed the gains in VBL and Quinco. Meanwhile, five equities closed unchanged as today’s trading activity amounted to €0.23 - [Distribution of First Tranche of Bonds](https://new.rizzofarrugia.com/malta-market-news/2025/bov2515/) - On 7 October 2025, Bank of Valletta plc announced that it submitted an application to the Malta Financial Services Authority requesting admissibility to listing of an Unsecured Euro Medium Term Bond Programme of up to €325 million. Subject to regulatory approval, BOV will be issuing the first series and first tranche of Tier 2 bonds - [Computime Holdings plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-dividend-payment-date/) - [Computime Holdings plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-dividend-cut-off-date-3/) - [Unprecedented issuance in Q4](https://new.rizzofarrugia.com/published-articles/weekly/unprecedented-issuance-in-q4/) - The Maltese capital market faces record issuance during the fourth quarter of the year at a time of numerous articles on the current state of the bond market with a specific contributor claiming last week that the “bond market is in trouble”. In my own articles over recent weeks, I had opined that the difficulties - [Daily Review 08.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-10-2025/) - Five equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.26% to 3,719.564 points as the declines in BOV, GO, Hili Properties, MIA, and the preference shares of RS2 outweighed the gains in APS and HSBC. Meanwhile, six equities closed unchanged as today’s trading activity was muted at around €60,000. - [Daily Review 07.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-10-2025/) - Quinco Holdings plc starts trading following spin-off The MSE Equity Price Index snapped a three-day losing streak as it rose by 0.30% to 3,729.290 points as the gains in GO, IHI, MIA, and MaltaPost outweighed the declines in VBL and Grand Harbour Marina. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to - [Details of Series 1 of Bond Issuance Programme](https://new.rizzofarrugia.com/malta-market-news/2025/sd2502/) - On 4 October 2025, SD Finance plc published a Base Prospectus and Final Terms following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of an Unsecured Bond Issuance Programme of up to €60 million. Series 1 consists of the issuance of up to €33 million 5.2% unsecured - [Daily Review 06.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-10-2025/) - MSE Equity Price Index falls to a fresh eight-month low The MSE Equity Price Index fell by 0.25% to a fresh eight-month low of 3,717.918 points as the declines in APS, BMIT, BOV, Lombard, Malita and MaltaPost outweighed the gains in IHI and Mapfre Middlesea. Meanwhile, three other equities closed unchanged as today’s trading - [Daily Review 03.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-10-2025/) - Mixed movements across ten equities The MSE Equity Price Index fell by 0.28% to an eight-month low of 3,727.167 points as the declines in APS, HSBC and MIA outweighed the gains in GO, IHI and the ordinary shares of RS2. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.17 million. Download - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2505/) - On 3 October 2025, Computime Holdings plc announced that its Board of Directors is scheduled to meet on Wednesday 8 October 2025 to consider the approval of an interim dividend to all shareholders as at close of trading on Monday 13 October 2025. - [Daily Review 02.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-10-2025/) - Three Equities pull MSE Equity Price Index lower The MSE Equity Price Index declined by 0.15% to 3,737.530 points as the declines in GO, APS and IHI outweighed the gains in BOV and MaltaPost. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.18 million. Download today's Equity Market Summary. Bank of - [A look at the CrediaBank deal](https://new.rizzofarrugia.com/published-articles/weekly/a-look-at-the-crediabank-deal/) - CrediaBank is a brand that officially only came to life just over two months ago following the merger of Attica Bank and Pancreta Bank in Greece. However, it seems that this brand has already become a household name in Malta given the wide publicity in recent weeks following the first announcement on 15 August that - [Daily Review 01.10.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-10-2025/) - BOV to issue €125m 5% unsecured subordinated bonds The MSE Equity Price Index rose by 0.33% to 3,743.230 points as the gains in APS, BOV, GO, HSBC, and MIA outweighed the declines in IHI and Malita. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.54 million.Download today's Equity Market Summary. Bank - [Application for Bond Issuance Programme](https://new.rizzofarrugia.com/malta-market-news/2025/bov2514/) - On 1 October 2025, Bank of Valletta plc announced that the Board of Directors approved a draft base prospectus in respect of an Unsecured Euro Medium Term Bond Programme of up to €325 million and approved the filing of an application with the Malta Financial Services Authority requesting admissibility to listing of the Programme. Subject - [Daily Review 30.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-09-2025/) - APS sets 3 for 11 Rights Issue at €0.44 per share The MSE Equity Price Index fell by 1.17% to a nine-month low of 3,731.109 points as the declines in BOV, IHI, MIA, MPC, M&Z, and Farsons outweighed the gains in MaltaPost. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.14 - [APS Bank plc - Rights Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-rights-cut-off-date/) - [Terms of Rights Issue](https://new.rizzofarrugia.com/malta-market-news/2025/aps2509/) - On 30 September 2025, APS Bank plc announced that subject to regulatory approval, it will be offering 3 new shares for every 11 ordinary shares held (3-for-11 rights issue), which shall have the same rights and entitlements to existing shares. The announcement stated that the rights issue price has been set at €0.44 per new - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/msd2510/) - On 29 September 2025, MedservRegis plc announced that the Board of Directors resolved to distribute an interim dividend of €1.0 million, equivalent to €0.0098 per share (net: €0.0084). The dividend is payable to shareholders as at the close of trading on Wednesday 29 October 2025 and will be paid by Friday 28 November 2025. The - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/sd2501/) - On 25 September 2025, SD Finance plc published an updated Financial Analysis Summary including forecasts for the two financial years ending 31 March 2026 and 31 March 2027. Furthermore, SD Finance also announced that it has submitted an application to the MFSA for a €60 million unsecured bond issuance program, with a first tranche consisting of €33 - [Daily Review 29.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-09-2025/) - Mixed movements across 13 equities The MSE Equity Price Index decreased by 0.38% to 3,775.337 points as the declines in AX Real Estate, HSBC, GO, Lombard, Farsons and the ordinary shares of RS2 outweighed the gains in BMIT, BOV, MIA, PG, and VBL. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to - [MedservRegis plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-dividend-payment-date-3/) - [MedservRegis plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-dividend-cut-off-date-3/) - [Daily Review 26.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-09-2025/) - Trident Estates reports improved profit The MSE Equity Price Index decreased by 0.09% to 3,789.869 points as the declines in APS, BOV, BMIT, MIA, MaltaPost, and Farsons outweighed the gains in IHI. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.48 million. Download today's Equity Market Summary. Today, Trident Estates plc - [Conditional Voluntary Takeover Bid Results](https://new.rizzofarrugia.com/malta-market-news/2025/lqs2502/) - On 26 September 2025, Loqus Holdings plc announced that it was informed that as at the end of the acceptance period of the Conditional Voluntary Takeover Bid, acceptances were received for 3,044,737 ordinary shares, representing approximately 9.54% of the entire issued capital. JFC Holdings Limited informed Loqus Holdings plc that it considers the completion condition as - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/tri2504/) - On 26 September 2025, Trident Estates plc published its interim financial statements covering the six-month period ended 31 July 2025. Revenues increased by 12.6% to a record (at the interim stage) of €2.82 million (H1 2024/25: €2.51 million) reflecting the higher occupancy levels at Trident Park. In this respect, the company explained that management pursued - [Service of Judicial Notice](https://new.rizzofarrugia.com/malta-market-news/2025/midi2507/) - On 26 September 2025, MIDI plc announced that it has been served with a further judicial letter dated 24 September 2025 from the Government of Malta, the Lands Authority and Transport Malta regarding MIDI's emphyteutical concession contract dated 15 June 2000 relating to the Manoel Island and Tigné Point development project. This judicial letter follows - [Daily Review 25.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-09-2025/) - Farsons shares rise following higher H1 profits The MSE Equity Price Index fell by 0.47% to 3,793.196 points as the declines in BOV, IHI, Medserv, and Trident outweighed the gains in BMIT, Malita, and Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today's Equity Market Summry. Simonds - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/gph2501/) - On 24 September 2025, GPH Malta Finance plc published an updated Financial Analysis Summary. The following are the main highlights on the expected financial performance and financial position of Global Ports Holding plc (the Guarantor) for the financial year ending 31 March 2026: Revenue is expected to surge by 23.1% to USD293 million compared to - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2506/) - On 24 September 2025, Simonds Farsons Cisk plc published its interim financial results for the six-month period ended 31 July 2025. Following the Board of Directors’ decision to spin off the Group’s food business into a separately publicly listed company called Quinco Holdings plc, the financial results of the food business were reported as discontinued operations, which - [Publication of Prospectus](https://new.rizzofarrugia.com/malta-market-news/2025/qh2501/) - On 25 September 2025, Quinco Holdings plc published a Formal Notice relating to the publication of a Prospectus dated 24 September 2025. At the 78th Annual General Meeting of Simonds Farsons Cisk plc (SFC) held on 26 June 2025, the shareholders approved a resolution authorising the directors of SFC to proceed with a spin-off of - [Quinco Holdings plc - Admission to Listing](https://new.rizzofarrugia.com/upcoming-events/quinco-holdings-plc-admission-to-listing/) - [Assessing a company’s leverage](https://new.rizzofarrugia.com/published-articles/weekly/assessing-a-companys-leverage/) - In last week’s article I stressed on the importance for a company to have sufficient equity in order to maintain reasonable levels of leverage. International credit rating agencies typically use a defined methodology to rate a corporate bond issuer. One of the components of the methodology is a financial risk assessment wherein companies are tested - [Daily Review 24.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-09-2025/) - Farsons’ food business spin-off set for 6 October The MSE Equity Price Index fell by 0.19% to 3,810.970 points as the declines in Malita, BMIT, and the ordinary shares of RS2 outweighed the gains in Lombard, The Convenience, MaltaPost and Malta Properties Company. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to - [Simonds Farsons Cisk plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-dividend-payment-date-10/) - [Simonds Farsons Cisk plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-dividend-cut-off-date-12/) - [Daily Review 23.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-09-2025/) - Trading activity centres around HSBC shares The MSE Equity Price Index fell by 0.09% to 3,818.238 points as the declines in HSBC and Lombard outweighed the gains in Plaza. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.28 million. Download today's Equity Market Summary. HSBC Bank Malta plc moved 0.7% lower - [Daily Review 22.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-09-2025/) - MSE Equity Price Index rebounds to three-week high The MSE Equity Price Index rose by 0.83% to a three-week high of 3,821.534 points driven by gains in APS, BOV, Computime, HSBC and Mapfre Middlesea. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to €0.16 million. Download today's Equity - [Daily Review 19.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-09-2025/) - Six Equities pull MSE Equity Price Index Lower The MSE Equity Price Index fell by 0.77% to a three-week low of 3,790.020 points driven by declines in BOV, GO, HSBC, Mapfre Middlesea, Plaza and Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.36 million. Download today's Equity Market Summary. Bank - [Daily Review 18.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-09-2025/) - HSBC Bank Malta dominates trading activity The MSE Equity Price Index rose by 0.51% to a three-week high of 3,819.472 points as the gains in BOV, HSBC, IHI, Mapfre Middlesea and the ordinary shares of RS2 outweighed the declines in APS and Convenience. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to - [In need of equity](https://new.rizzofarrugia.com/published-articles/weekly/in-need-of-equity/) - From the title of today’s article, one would presume that I am writing about the need for additional share offerings to be launched on the Malta Stock Exchange. Although the domestic capital market is indeed in great need of additional companies seeking an equity listing, today’s article will instead address an important topic that is - [Daily Review 17.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-09-2025/) - HSBC Bank Malta announces details of potential takeover The MSE Equity Price Index rose by 0.52% to 3,800.176 points as the gain in HSBC outweighed the declines in APS, MIA and MaltaPost. Meanwhile, ten other equities closed unchanged as today’s trading activity amounted to €0.54 million. Download today's Equity Market Summary. HSBC Bank Malta plc - [Details of Potential Takeover](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2509/) - On 16 September 2025, HSBC Bank Malta plc announced that it had signed an acknowledgement of a put option agreement between its parent company HSBC Continental Europe (‘HBCE’) and CrediaBank S.A., whereby CrediaBank will be paying €0.793 per share (amounting to a total consideration of €200 million) for HBCE’s 70.03% shareholding in HSBC Malta. The potential - [Daily Review 16.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-09-2025/) - AX Real Estate falls to an all-time low The MSE Equity Price Index rose by 0.11% to 3,780.615 points as the gains in MIA and HSBC outweighed the declines in AX Real Estate and the ordinary shares of RS2. Meanwhile, eight other equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today's - [Update on bonds due 2026](https://new.rizzofarrugia.com/malta-market-news/2025/mds2509/) - On 16 September 2025, MedservRegis plc announced that it plans to partly refinance the upcoming redemption of bonds due in February 2026 through a fresh issuance of debt securities on the Official List of the Malta Stock Exchange for an amount of up to the Euro equivalent of €25,000,000 denominated partly in Euro and partly - [Daily Review 15.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-09-2025/) - APS to raise €45 million through a Rights Issue The MSE Equity Price Index fell by 0.75% to 3,776.365 points as the declines BOV, GO, HSBC, MIA, and MPC outweighed the gains in Medserv and Farsons. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today's Equity Market Summary. - [Extraordinary General Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2508/) - On 5 September 2025, BMIT Technologies plc published the agenda of the Extraordinary General Meeting scheduled for Tuesday 30 September 2025. The proposed resolution seeks shareholder approval for the acquisition of 49,642,139 ordinary shares in the issued share capital of Malta Properties Company plc, which represent 49% of the total issued share capital of MPC, - [Preliminary details of Rights Issue](https://new.rizzofarrugia.com/malta-market-news/2025/aps2508/) - On 15 September 2025, APS Bank plc announced that it intends to raise about €45 million of new equity by way of a Rights Issue of new ordinary shares, subject to the due regulatory clearances which are currently in progress. APS explained that the proceeds are intended to strengthen its capital base and maintaining relevant - [Update on Shopping Mall Investment](https://new.rizzofarrugia.com/malta-market-news/2025/pg2507/) - On 15 September 2025, PG plc provided further details regarding the project being undertaken through the Group’s 60% shareholding in DB Gauci Shopping Mall Limited, which holds a promise-of-sale agreement for the temporary sub-emphyteusis of a property comprising a proposed shopping mall as well as car park spaces, which are all currently under construction on - [Daily Review 12.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-09-2025/) - Four equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.22% to 3,805.021 points as the gains in APS, HSBC, Malta Properties, and MaltaPost outweighed the decline in M&Z. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.2 million. Download today's Equity Market Summary. Malta - [Does Prospects have a future?](https://new.rizzofarrugia.com/published-articles/weekly/does-prospects-have-a-future/) - It has been almost a decade since the launch of Prospects by the Malta Stock Exchange (MSE) in February 2016. While in recent years, there has been a surge in new bond issuance on the Regulated Main Market of the MSE (regulated by the MFSA), there is an evident lack of appetite for new issuance - [Daily Review 11.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-09-2025/) - Minimal changes across local equities The MSE Equity Price Index remained practically unchanged at 3,796.660 points as the gains in BOV and the ordinary shares of RS2 outweighed the declines APS, HSBC, BMIT and MaltaPost. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.15 million. Download today's Equity Market Summary. Bank - [Daily Review 10.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-09-2025/) - MIA welcomes record passengers in August The MSE Equity Price Index rose by 0.15% to 3,795.926 points as the gains in MIA, GO, APS outweighed the declines in Lombard and BMIT. Meanwhile, two other equities closed unchanged as today’s trading activity was muted at just about €70,000. Download today's Equity Market Summary. Malta International Airport - [August Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2514/) - On 10 September 2025, Malta International Airport plc announced that passenger movements in August 2025 amounted to 1,072,390, which is 9.1% higher than the movements of 983,182 recorded in August 2024. The August 2025 figure marks the highest amount of monthly passenger movements ever handled by the airport operator. The seat load factor for August - [Daily Review 09.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-09-2025/) - FIMBank and Main Street drop to all-time low The MSE Equity Price Index fell by 0.63% to 3,790.144 points as the declines in APS, BOV, FIMBank, HSBC, Main Street Complex, and PG outweighed the gains in BMIT, Farsons, and Trident. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.13 million. Download - [Daily Review 05.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-09-2025/) - MedservRegis rises to an 8-month high The MSE Equity Price Index rose by 0.43% to 3,814.265 points as the gains in BMIT, BOV, HSBC, MIA, Santumas, and Medserv outweighed the declines in Lombard and FIMBank. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.34 million. Download today's Equity Market Summary, MedservRegis - [Award of Contract in Suriname](https://new.rizzofarrugia.com/malta-market-news/2025/mds2508/) - On 5 September 2025, MedservRegis plc announced that it has been awarded a multi-million-dollar marine logistics base contract in Suriname through an international tendering process. The contract spans over four years with the majority of the scope of work scheduled to begin in mid-2026. The client is a leading multinational oilfield services and engineering contractor, - [Daily Review 04.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-09-2025/) - MSE Equity Price Index snaps 5-day losing streak The MSE Equity Price Index moved higher for the first time in six sessions as it rebounded by 0.39% to 3,798.102 points reflecting the gains of BOV and HSBC. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.15 million. Download today's Equity Market - [PG gears up for investment phase](https://new.rizzofarrugia.com/published-articles/weekly/pg-gears-up-for-investment-phase/) - During the 2024/25 financial year which came to an end on 30 April 2025, PG plc registered only a slight increase in revenue to just over €202 million. The company published its annual financial statements last week and reported that the supermarket outlets were negatively impacted by major roadworks adjacent to the Pama Shopping Village - [Daily Review 03.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-09-2025/) - HSBC Bank Malta falls to 18-month low The MSE Equity Price Index fell by 0.48% to 3,783.413 points as the declines in HSBC, BMIT, MIA, and Farsons outweighed the gains in BOV, GO, and Medserv. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.20 million. Download today's Equity Market Summary. HSBC - [The Convenience Shop (Holding) plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-dividend-payment-date-4/) - [Computime Holdings plc - Board Meeting for Interim Dividend](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-board-meeting/) - [Trident Estates plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/trident-estates-plc-interim-results-8/) - [Daily Review 02.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-09-2025/) - MSE Equity Price Index drops to a one-month low The MSE Equity Price Index fell by 0.26% to 3,801.634 points as the declines in APS, BOV and Malita outweighed the gains in GO, HSBC, Lombard and Malta Properties Company. Meanwhile, Malta International Airport plc closed unchanged at €5.95 across eight trades amounting to 5,934 shares. - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/lsi2504/) - On 29 August 2025, LifeStar Insurance plc published its interim financial statements covering the six-month period ended 30 June 2025. LifeStar Insurance registered a loss before tax of €0.70 million compared to the pre-tax loss of €2.14 million in the first half of 2024. After accounting for a tax charge of €0.04 million, LifeStar Insurance registered a net - [Daily Review 01.09.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-09-2025/) - Plaza share price climbs to 18-month high of €0.65 The MSE Equity Price Index fell by 0.29% to 3,811.650 points as the declines in HSBC, AX Real Estate, and IHI outweighed the gains in MIA and Plaza. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities amounted to €0.18 million. Download - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/hp2508/) - On 29 August 2025, Hili Properties plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues increased by 4.0% to €7.92 million compared to €7.61 million in the previous year. Meanwhile, operating expenses (net of other income) fell by 5.3% to €1.63 million. Consequently, operating profit rose by 7.0% to a record - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mds2507/) - On 29 August 2025, MedservRegis plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenue surged by 39% to €44.7 million mainly driven by the higher level of income from the provision of Integrated Logistics Support Services (ILSS) (+86% to €28.0 million), arising from entities operating in Malta and Cyprus which outweighed - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/tcsh2504/) - On 29 August 2025, The Convenience Shop (Holding) plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenue surged by 13% to €24.7 million (H1 2024: €21.8 million) driven by the contributions of newly acquired outlets. Operating costs increased by 16.1% to €24.2 million compared to €20.8 million in the corresponding period - [PG plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/pg-plc-annual-general-meeting-7/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/pg2506/) - On 29 August 2025, PG plc published the Annual Report and Financial Statements for the financial year ended 30 April 2025. Revenue increased by 2.0% to a new record of €202 million (FY2023/24: €198 million). The company explained that operations were negatively impacted by major roadworks adjacent to both Pama Shopping Village and Pavi Shopping Complex, which hindered access - [MedservRegis plc - Board Meeting for Interim Dividend](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-board-meeting-for-interim-dividend/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/sts2502/) - On 29 August 2025, Santumas Shareholdings plc published its Annual Report and Financial Statements for the financial year ended 30 April 2025. Investment income almost doubled to €0.75 million (FY2023/24: €0.42 million) driven by the higher income from property contractual rights as well as the higher dividend income. The financial performance also was positively impacted by - [The Convenience Shop (holding) plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-dividend-cut-off-date-4/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/midi2506/) - On 28 August 2025, MIDI plc published its condensed interim financial statements covering the six-month period ended 30 June 2025. Revenue increased by 3.7% to €1.55 million (H1 2024: €1.50 million) which practically all emanated from property and rental management. Meanwhile, the sales from the Q3 Fortress Gardens residential units will be recognised once the final deeds of - [Daily Review 29.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-08-2025/) - Malita halts dividend amid rising costs for housing project The MSE Equity Price Index fell by 0.38% to 3,822.647 points as the declines in BOV, MIA, and Malita outweighed the gains in APS, Mapfre Middlesea and MaltaPost. Meanwhile, HSBC Bank Malta plc traded flat at the €1.36 level as 7,659 shares changed hands. Today’s daily - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/fim2504/) - On 28 August 2025, FIMBank plc published its interim financial statements covering the six-month period ended 30 June 2025. Net interest income dropped by 13.6% to USD23.7 million (H1 2024: USD27.4 million) as the 23.6% (or USD12.3 million) decline in gross interest income to USD39.6 million was partially offset by a 34.9% (or USD8.5 million) decrease in - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2504/) - On 28 August 2025, Malita Investments plc published its condensed interim financial statements covering the six-month period ended 30 June 2025. Malita explained that the comparable results in 2024 were restated to reflect revisions to accounting treatments and estimates applied in the previous reporting period. Revenues increased by 6.7% to €5.16 million (H1 2024: €4.84 million) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2512/) - On 28 August 2025, International Hotel Investments plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenue increased by 10% to a record (at interim stage) of €150 million (H1 2024: €136 million) reflecting the income from the new Corinthia Hotel in Brussels which partially opened in December 2024 and the two - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/rs22505/) - On 27 August 2025, RS2 plc published its interim financial statements for the six-month period ended 30 June 2025. Revenues dropped by 7.9% to €17.6 million (H1 2024: €19.1 million) as the growth achieved by the Merchant Solutions business (+36% to €2.25 million) was offset by the drop in income from Software (Licensing) Solutions (-5.5% to €5.1 - [Daily Review 28.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-08-2025/) - Six equities pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.70% to 3,837.112 points as BOV, GHM, HSBC, Malita, MPC, and MaltaPost all trended lower. Meanwhile, MedServ, Farsons and VBL moved higher and five other equities closed unchanged. Trading activity amounted to €0.15 million. Download today's Equity Market Summary. - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2507/) - On 27 August 2025, Grand Harbour Marina plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenue surged by 22% to €2.51 million (H1 2024: €2.06 million) reflecting higher income from both pontoons as well as superyachts. In line with the higher level of business, total operating costs increased by 25% to - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/lom2504/) - On 27 August 2025, Lombard Bank Malta plc published its interim financial statements covering the six-month period ended 30 June 2025. Net interest income fell by 1.2% to €13.1 million as the growth in gross interest income (+7.4% to €19.7 million) was outweighed the higher level of interest expenses (+30.1% to €6.58 million). Lombard explained that - [Share Buybacks and Safe Harbour](https://new.rizzofarrugia.com/published-articles/weekly/share-buybacks-and-safe-harbour/) - Since early 2024, I have been very vocal, both through the media and also via seminars dealing with capital market developments, on the need for some companies whose shares are listed on the Malta Stock Exchange (MSE) to carry out share buybacks. I had stated regularly that in my opinion, a share buyback is one - [Daily Review 27.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-08-2025/) - M&Z operating profit surges 51% in H1 The MSE Equity Price Index increased by 0.68% to 3,864.355 points as the gain in BOV outweighed the declines in Farsons, Harvest, and Malita. Meanwhile, four other equities closed unchanged as trading activity amounted to €0.13 million. Download today's Equity Market Summary. Yesterday afternoon, M&Z plc published its - [Malita Investments plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/malita-investments-plc-interim-results-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2503/) - On 27 August 2025, Malita Investments plc announced that its Board of Directors is scheduled to meet on Thursday 28 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mz2505/) - On 26 August 2025, M&Z plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenue increased by 3.1% to €15.1 million (H1 2024: €14.7 million) as the company continued to focus on brand strength, operational efficiency, and responsiveness to evolving consumer demand. In contrast, operating costs fell by 3.1% to €12.6 million - [M&Z plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/mz-plc-dividend-payment-date-7/) - [M&Z plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/mz-plc-dividend-cut-off-date-6/) - [Daily Review 26.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-08-2025/) - BOV leads trading activity The MSE Equity Price Index increased by 0.20% to 3,838.309 points as the gains in BOV, Computime, and Mapfre Middlesea outweighed the decline in Farsons. Meanwhile, four other equities closed unchanged but today’s trading activity was muted at just €0.17 million. Download today's Equity Market Summary. Bank of Valletta plc accounted - [Harvest Technology plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-payment-date-15/) - [Harvest Technology plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-cut-off-date-12/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/hrv2504/) - On 25 August 2025, Harvest Technology plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues fell by 19.4% to €7.32 million (H1 2024: €9.09 million) reflecting declines in both the retail & IT solutions segment (-21.4% to €5.47 million) and the payment processing services arm (-13.1% to €2.23 million). The company - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/axre2508/) - On 25 August 2025, AX Real Estate plc announced that the Directors approved a gross interim dividend of €0.017882 (net: €0.0152) per share, payable on Monday 15 September 2025 to all shareholders as at close of trading on Wednesday 27 August 2025. - [LifeStar Insurance plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/lifestar-insurance-plc-interim-results-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/lsi2503/) - On 25 August 2025, LifeStar Insurance plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Daily Review 25.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-08-2025/) - Mixed movements across 16 equities The MSE Equity Price Index increased by 0.39% to 3,830.667 points as the gains in seven equities outweighed the declines in HSBC and M&Z. Meanwhile, seven other equities closed unchanged as today’s trading activity in local equities amounted to just under €0.30 million. Download today's Equity Market Summary. Bank of - [AX Real Estate plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-dividend-payment-date-7/) - [AX Real Estate plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-dividend-cut-off-date-6/) - [Simonds Farsons Cisk plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-interim-results-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2505/) - On 25 August 2025, Simonds Farsons Cisk plc announced that its Board of Directors is scheduled to meet on Wednesday 24 September 2025 to consider the approval of the interim financial statements for the six-month period ended 31 July 2025. The Directors will also consider the payment of an interim dividend. The company also stated - [Daily Review 22.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-08-2025/) - MSE Equity Price Index drops to 3-week low The MSE Equity Price Index fell by 0.52% to 3,815.687 points as the declines in GO, Lombard, and the ordinary shares of RS2 outweighed the gains in BMIT, BOV, Computime, MIA, Malita, and Malta Properties. Meanwhile, five other equities closed unchanged as today’s trading activity in local - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/tsch2503/) - On 22 August 2025, The Convenience Shop (Holding) plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [The Convenience Shop (Holding) plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-interim-results-2/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hp2507/) - On 22 August 2025, Hili Properties plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Hili Properties plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/hili-properties-plc-interim-results-3/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2506/) - On 21 August 2025, VBL plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues increased by 25.2% to €2.13 million (H1 2024: €1.70 million) driven by improvements in rental income and additional service fee revenue. Operating expenditure climbed 7.3% higher to €1.66 million (H1 2024: €1.55 million) as a result of higher - [Daily Review 21.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-08-2025/) - Main Street Complex suspends dividend amid faltering footfall The MSE Equity Price Index fell by 0.68% to 3,835.463 points as the declines in BOV, HSBC, Medserv, and Malta Properties outweighed the gains in APS, Malita, and Farsons. Meanwhile, two other equities closed unchanged as today’s trading activity was muted amounting to around €70,000. Download today's - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/msc2504/) - On 21 August 2025, Main Street Complex plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues decreased by 6.8% to €0.34 million (H1 2024: €0.36 million) as the footfall dropped by 21% when compared to the same period last year. The occupancy level of the retail and entertainment complex as - [Launch of Conditional Voluntary Public Takeover Offer](https://new.rizzofarrugia.com/malta-market-news/2025/lqs2501/) - On 20 August 2025, Loqus Holdings plc announced that the Board of Directors received notice from JFC Holdings Limited (the “Offeror”), the largest shareholder of Loqus Holdings plc (the “Company”) holding 50% of the issued share capital of the Company, confirming the launch of a Conditional Voluntary Public Takeover Offer (the “Offer”) for the acquisition - [Santumas Shareholding plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/santumas-shareholding-plc-annual-results-2/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/sts2501/) - On 21 August 2025, Santumas Shareholdings plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the company’s audited financial statements for the year ended 30 April 2025. - [Bond Reviews: Commercial Property Sector](https://new.rizzofarrugia.com/published-articles/weekly/bond-reviews-commercial-property-sector/) - Following the deadline for the majority of bond issuers and their guarantors to publish their updated Financial Analysis Summary (FAS), over recent weeks I published a short overview of some of the main findings and financial metrics across a number of companies within the hospitality sector and also the maritime sector to assist the investing - [Daily Review 20.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-08-2025/) - Substantial trading activity across PG shares The MSE Equity Price Index rose by 0.22% to 3,861.783 points driven by the gains in AX Real Estate, IHI, and PG. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.26 million. Download today's Equity Market Summary. The majority of today’s trading took place across the - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2506-2/) - On 20 August 2025, Grand Harbour Marina plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Grand Harbour Marina plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/ghm2506/) - On 20 August 2025, Grand Harbour Marina plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [AX Real Estate plc - Board Meeting for Interim Dividend](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-board-meeting-for-interim-dividend/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/axre2507/) - On 20 August 2025, AX Real Estate plc announced that its Board of Directors is scheduled to meet on Monday 25 August 2025 to consider the declaration of an interim dividend. - [Daily Review 19.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-08-2025/) - MSE Equity Price Index falls to a two-week low The MSE Equity Price Index fell by 0.95% to a two-week low of 3,853.459 points as the declines in BOV, GO, HSBC, and MIA outweighed the gains in Lombard and FIMBank. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to - [BMIT Technologies plc - Extraordinary General Meeting](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-extraordinary-general-meeting-3/) - [Daily Review 18.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-08-2025/) - Trading in HSBC surges to 11-month high The MSE Equity Price Index rose by 0.61% to 3,890.487 points driven by gains in APS, BMIT, HSBC, IHI, and Malta Properties. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.19 million. Download today's Equity Market Summary. HSBC Bank Malta plc - [Harvest Technology plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/harvest-technologies-plc-interim-results/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hrv2503/) - On 18 August 2025, Harvest Technology plc announced that its Board of Directors is scheduled to meet on Monday 25 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Update on Strategic Review](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2508/) - On 15 August 2025, HSBC Bank Malta plc announced that it was informed by HSBC Holdings plc that it had identified a preferred bidder and entered into exclusive discussions with CrediaBank S.A. also known as Attica Bank S.A. Attica Bank is listed on the Athens Stock Exchange and is majority owned (57%) by Thrivest Holding, - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/msc2503/) - On 18 August 2025, Main Street Complex plc announced that its Board of Directors is scheduled to meet on Thursday 21 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Main Street Complex plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/main-street-complex-plc-interim-results-7/) - [Daily Review 14.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-08-2025/) - Two equities push MSE Equity Price Index higher The MSE Equity Price Index snapped a four-day losing streak as it rose by 0.30% to 3,866.845 points. The gains in BOV and APS outweighed the decline in MaltaPost. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities was muted at €0.10 million. - [Improved guidance from MIA](https://new.rizzofarrugia.com/published-articles/weekly/improved-guidance-from-mia/) - Malta International Airport plc (MIA) was among the 4 companies that published their half-yearly financial results last week. Given the monthly announcements of the traffic movements by the airport operator and the strong growth recorded in each of the first six months of the year, it was natural to expect the company to report another - [Daily Review 13.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-08-2025/) - MSE Equity Price Index falls for fourth consecutive session The MSE Equity Price Index decreased by 0.79% to a one-week low of 3,855.227 points as the declines in BOV, GO, IHI, MIA, Malita, and Trident outweighed the gains in APS and Farsons. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2504/) - On 12 August 2025, Computime Holdings plc published its interim results covering the six-month period ended 30 June 2025. Revenue increased by 16.8% to €11.6 million (H1 2024: €9.92 million) driven by growth across all reportable segments namely Systems Integration (+19.3% to €7.46 million), Fintech (+8.9% to €2.41 million) and Business Software (+18.3% to €1.72 million). - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2511/) - On 13 August 2025, International Hotel Investments plc announced that its Board of Directors is scheduled to meet on Thursday 28 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [International Hotel Investments plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/international-hotel-investments-plc-interim-results-6/) - [Daily Review 12.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-08-2025/) - Computime reports 20% increase in H1 profits The MSE Equity Price Index fell by 0.24% to 3,885.829 points as the declines in BOV, HSBC, and MPC outweighed the gains in Harvest and Trident. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.26 million. Download today's Equity Market Summary. - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2512/) - On 5 August 2025, Malta International Airport plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues for the interim period reached a record €71.9 million, representing an increase of 11.6% compared to the previous interim record of €64.4 million achieved in the corresponding period of 2024. This growth was driven by - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/midi2505/) - On 12 August 2025, MIDI plc announced that its Board of Directors is scheduled to meet on Thursday 28 August 2025 to consider the approval of the financial results for the six-month period ended 30 June 2025. - [MIDI plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/midi-plc-interim-results-7/) - [Daily Review 11.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-08-2025/) - Multiple equities trade on thin volumes The MSE Equity Price Index fell by 0.10% to 3,895.165 points as the declines in APS, BMIT, and IHI outweighed the gains in AX Real Estate, HSBC, M&Z, and Trident. Moreover, seven other equities closed unchanged as today’s trading activity in local equities amounted to €0.22 million. Download today's - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/tri2503/) - On 11 August 2025, Trident Estates plc announced that its Board of Directors is scheduled to meet on Wednesday 10 September 2025 to consider the approval of the financial results for the six-month period ended 31 July 2025. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mz2504/) - On 11 August 2025, M&Z plc announced that its Board of Directors is scheduled to meet on Tuesday 26 August 2025 to consider the approval of interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [M&Z plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/mz-plc-interim-results-4/) - [PG plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/pg-plc-full-year-results-4/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/pg2505/) - On 9 August 2025, PG plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the Annual Report and financial statements for the year ended 30 April 2025. - [Daily Review 08.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-08-2025/) - BOV market cap reaches a record of €1.27 billion The MSE Equity Price Index fell by 0.07% to 3,898.872 points as the declines in HSBC and the preference shares of RS2 outweighed the gains in BOV, MaltaPost and Santumas. Meanwhile, two other equities closed unchanged as today’s trading activity was muted at around €50,000. Download - [Santumas Shareholdings plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/santumas-shareholdings-plc-annual-general-meeting-5/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/go2505/) - On 7 August 2025, GO plc published its interim results covering the six-month period ended 30 June 2025. Revenues rose by 9.2% to €123.9 million (H1 2024: €113.5 million), reflecting the positive contribution from the recently acquired subsidiaries which accounted for approximately €7.1 million of the growth. GO explained that despite the highly competitive Maltese telecom market, - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2505/) - On 6 August 2025, Malta Properties Company plc published its interim results covering the six-month period ended 30 June 2025. Revenues declined by 19.4% to €2.26 million (H1 2024: €2.80 million), primarily due to the expiry of several of the Group’s property leases towards the end of 2024. Following the lease expiries, the properties, most notably the - [Daily Review 07.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-08-2025/) - GO generates record H1 operating profit The MSE Equity Price Index rose by 0.59% to a fresh three-month high of 3,901.586 points on the back of gains in APS, BOV, GO, AX Real Estate and MIA. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today's Equity Market Summary. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2503/) - On 5 August 2025, Computime Holdings plc announced that its Board of Directors is scheduled to meet on Tuesday 12 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [GO plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/go-plc-dividend-payment-date-11/) - [GO plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/go-plc-dividend-cut-off-date-12/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2505/) - On 7 August 2025, VBL plc announced that its Board of Directors is scheduled to meet on Thursday 21 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [VBL plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-interim-results-3/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/aps2507/) - On 31 July 2025, APS Bank plc published its interim financial statements covering the six-month period ended 30 June 2025. Net interest income increased by 7.5% to €35.6 million (H1 2024: €33.2 million) as the increase in gross interest income of 7.3% to €60 million outweighed the 7.0% increase in interest expenses to €24.5 million. In this - [Malta banks’ earning season](https://new.rizzofarrugia.com/published-articles/weekly/malta-banks-earning-season/) - The interim reporting season in Malta commenced last week with 5 companies publishing their half-yearly financial results including the important announcements by Malta’s three largest retail banks. Although the three banks are entirely dependent on the domestic economy, each of the banks are passing through very different stages and the financial results confirm this. Bank - [Daily Review 06.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-08-2025/) - MIA monthly passenger movements surpass the 1 million threshold The MSE Equity Price Index fell by 0.48% to 3,878.867 points driven by the declines in APS, Lombard, Malta Properties and Farsons. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.17 million. Download today's Equity Market Summary. Malta International Airport plc closed - [Change in Shareholding](https://new.rizzofarrugia.com/malta-market-news/2025/bov2513/) - On 6 August 2025, Bank of Valletta plc announced that on 4 August 2025, its shareholder UniCredit S.p.A. had disposed of a 1.58% shareholding in the Bank, thereby reducing its stake in BOV’s ordinary shares from 5.21% to 3.63%. Furthermore, the bank also announced that on the same date, the Amalgamated Growth and Income Fund - [July Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2513/) - On 6 August 2025, Malta International Airport plc announced that passenger movements in July 2025 amounted to 1,035,341, which is an 8.8% increase compared to 951,861 movements recorded in July 2024. This marks the first time that monthly passenger movements have ever surpassed the one million threshold. The seat load factor for July 2025 stood - [Daily Review 05.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-08-2025/) - MIA generates record net profit at interim level The MSE Equity Price Index rose by 1.01% to a fresh three-month high of 3,897.482 points as the gains in HSBC and IHI outweighed the declines in APS, BMIT, Computime and FIMBank. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.11 million. Download - [Malta International Airport plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-dividend-payment-date-7/) - [Malta International Airport plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-dividend-cut-off-date-9/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2507/) - On 5 August 2025, BMIT Technologies plc published its interim results covering the six-month period ended 30 June 2025. Revenue increased by 9.6% to €18.3 million, compared to €16.7 million in H1 2024. Revenue generated from Data Centre, Cloud, and Managed Services reached €16.2 million, up from €14.8 million recorded in the same period in 2024. Similar - [Bank of Valletta plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-dividend-cut-off-date-6/) - [Daily Review 04.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-08-2025/) - Trading activity centres around BOV The MSE Equity Price Index rose by 0.79% to a three-month high of 3,858.527 points as the gains in BOV, BMIT, GO, HSBC and Trident outweighed the decline in MIA. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.60 million, the highest since the middle of - [Daily Review 01.08.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-08-2025/) - BOV climbs to three-month high of €1.90 The MSE Equity Price Index rose by 0.56% to 3,828.326 points as the gain in BOV outweighed the decline in AX Real Estate. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to around €75,000. Download today's Equity Market Summary. Bank of Valletta plc reversed yesterday’s - [Bank of Valletta plc - Commencement of Share Buyback Programme](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-commencement-of-share-buyback-programme/) - [Acquisition of Property in Lija](https://new.rizzofarrugia.com/malta-market-news/2025/pg2504/) - On 31 July 2025, PG plc announced that one of its subsidiaries, PG Finance Limited, acquired the showroom previously occupied by S&S Bathrooms with a frontage on Mosta Road, Lija, as well as the surrounding land which in all encompasses an area of circa 13,100 square metres. The property has been acquired as free and - [Daily Review 31.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-31-07-2025/) - BOV and APS register further growth in loans and deposits The MSE Equity Price Index fell by 0.33% to 3,807.012 points as the declines in APS, BOV, Harvest and IHI outweighed the gains in BMIT, MIA and MaltaPost. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.22 million. Download today's Equity - [Commencement of Share Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2025/bov2511/) - On 31 July 2025, Bank of Valletta plc announced that following the attainment of all necessary approvals, the share buyback (non-cancellable) programme will commence on 18 August 2025. BOV explained that it will not be possible to conduct the share buyback programme in full compliance with the safe harbour provisions set out in Article 5 - [Bank of Valletta plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-dividend-payment-date-5/) - [APS Bank plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-dividend-cut-off-date-6/) - [APS Bank plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-dividend-payment-date-4/) - [Bond Reviews: Maritime Sector](https://new.rizzofarrugia.com/published-articles/weekly/bond-reviews-maritime-sector/) - In my article of two weeks ago, I published a short overview of some of the main findings and financial metrics across a number of companies within the hospitality sector that emerge from the end of June deadline for bond issuers and their guarantors to publish their updated Financial Analysis Summary (FAS). There has been - [Daily Review 30.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-07-2025/) - HSBC and Plaza retain interim dividends unchanged The MSE Equity Price Index rose by 0.27% to 3,819.672 points as the gains in HSBC, APS, and Mapfre Middlesea outweighed the declines in GO, AX Real Estate, M&Z, and Malta Properties. Meanwhile, six equities closed unchanged as today’s trading was muted at around €70,000. Download today's Equity - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/plz2504/) - On 30 July 2025, Plaza Centres plc published its interim financial results covering the six-month period ended 30 June 2025. Revenue increased by 1.7% to €1.60 million as Plaza’s occupancy level remained at 96%, unchanged from the same period last year. The growth in revenue was partly offset by a 2.1% increase in operating costs to €0.74 - [Plaza Centres plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-dividend-payment-date-11/) - [Plaza Centres plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-dividend-cut-off-date-8/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mia2511/) - On 30 July 2025, Malta International Airport plc announced that its Board of Directors is scheduled to meet on Tuesday 5 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [Malta International Airport plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/mia25111/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2507/) - On 30 July 2025, HSBC Bank Malta plc published its interim results covering the six-month period ended 30 June 2025. Net interest income fell by 15.7% to €89.8 million (H1 2024: €106.6 million) due to a decline in gross interest income (-15% to €101.8 million) which outweighed the reduction in interest expense (-8.7% to €12 million). HSBC - [HSBC Bank Malta plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-dividend-payment-date-10/) - [HSBC Bank Malta plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-dividend-cut-off-date-10/) - [Malta Properties Company plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-interim-results-2/) - [Daily Review 29.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-07-2025/) - Four equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.11% to 3,809.414 points as the gains in IHI, Farsons, Mapfre Middlesea, and Malta Properties outweighed the declines in Hili Properties and Harvest. Meanwhile, five equities closed unchanged as today’s trading activity amounted to €0.12 million. Download today's Equity - [Results of MGS Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2507/) - On 18 July 2025, the Treasury Department announced that it received applications totalling around €449 million (nominal) for the two new Malta Government Stocks. The Treasury had offered a total of €250 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €150 million (nominal). The Treasury exercised - [Daily Review 28.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-07-2025/) - Mapfre Middlesea posts double-digit growth in H1 profits The MSE Equity Price Index rose by 0.35% to 3,805.387 points as the gains in BOV, HSBC, and Computime outweighed the decline in BMIT. Meanwhile, Malta International Airport plc traded flat at the €5.95 level as 3,360 shares changed hands. Download today's Equity Market Summary. Today, Mapfre - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mms2504/) - On 28 July 2025, Mapfre Middlesea plc published its interim financial statements covering the six-month period ended 30 June 2025. Net insurance and investment results amounted to €16.7 million compared to €14.1 million in the first half of 2024. The company explained that its non-life business saw further improvement from the previous year. Furthermore, technical - [Daily Review 25.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-07-2025/) - RS2 leads trading activity The MSE Equity Price Index fell by 0.01% to 3,792.034 points as the declines in APS, IHI and MIA outweighed the gains in PG and the ordinary shares of RS2. Meanwhile, four equities closed unchanged as today’s trading activity in local equities amounted to €0.17 million. Download today's Equity Market Summary. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/rs22504/) - On 25 July 2025, RS2 plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [RS2 plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/rs2-plc-interim-results-2/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/fim2503/) - On 25 July 2025, FIMBank plc announced that its Board of Directors is scheduled to meet on Thursday 28 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025 - [FIMBank plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/fimbank-plc-interim-results-5/) - [Daily Review 24.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-07-2025/) - HSBC pulls the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.08% to 3,795.633 points due to a decline in HSBC. Meanwhile, three equities closed unchanged as today’s trading activity in local equities was muted at just under €70,000. Download today's Equity Market Summary. HSBC Bank Malta plc fell by 0.7% - [Insights from latest MGS issue](https://new.rizzofarrugia.com/published-articles/weekly/insights-from-latest-mgs-issue/) - Earlier this month, the Treasury Department announced the issue of two new Malta Government Stocks (MGS) for an aggregate nominal amount of up to €400 million. The two fixed-rate stocks were a 10-year MGS having a coupon rate of 3.40% and a 15-year MGS at a coupon rate of 3.80%. Both were offered to the - [Daily Review 23.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-07-2025/) - Farsons expects 8% growth in operating profit The MSE Equity Price Index rose by 0.08% to 3,798.704 points as the gains in BMIT and Lombard outweighed the decline in Malta Properties. Meanwhile, three equities closed unchanged as today’s trading activity in local equities amounted to €0.13 million. Download today's Equity Market Summary. Today, Simonds Farsons - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2504/) - On 23 July 2025, Simonds Farsons Cisk plc published an updated Financial Analysis Summary. Farsons explained that the spin-off of its food business into a separately listed company - Quinco Holdings plc - is expected to be implemented by October 2025. As such, the projected financial performance of Farsons for the financial year ending in - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2504/) - On 23 July 2025, Malta Properties Company plc announced that its Board of Directors is scheduled to meet on Wednesday 6 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Daily Review 22.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-07-2025/) - BOV dominates trading activity The MSE Equity Price Index rose by 0.70% to 3,795.586 points as the gains in APS, BOV, HSBC, IHI, and Plaza outweighed the decline in MIDI. Meanwhile, AX Real Estate and Malita closed unchanged as today’s trading activity in local equities amounted to €0.41 million. Download today's Equity Market Summary. Bank - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/lom2503/) - On 22 July 2025, Lombard Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [Lombard Bank Malta plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/lombard-bank-malta-plc-board-meeting-2/) - [Change in Shareholding](https://new.rizzofarrugia.com/malta-market-news/2025/bov2510/) - On 14 July 2025, Bank of Valletta p.l.c. announced that its shareholder UniCredit S.p.A. had disposed of a 4.99% shareholding in the Bank, thereby reducing its stake in BOV's ordinary shares from 10.20% to 5.21%. Following this announcement, local media reported that Hili Ventures had acquired the 4.99% stake from UniCredit, making it the Bank’s - [Daily Review 21.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-07-2025/) - BOV receives regulatory approval for share buyback The MSE Equity Price Index rose by 0.23% to 3,769.309 points as the gains in MaltaPost, Lombard, FIMBank, Farsons, and Medserv outweighed the declines in MIDI, AX Real Estate, and PG. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to just over €100,000. Download today's - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/plz2503/) - On 21 July 2025, Plaza Centres plc announced that its Board of Directors is scheduled to meet on Wednesday 30 July 2025 to consider the approval of the financial statements for the year ended 30 June 2025. - [Plaza Centres plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-interim-results-4/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/bov2509/) - On 21 July 2025, Bank of Valletta plc announced that its Board of Directors is scheduled to meet on Thursday 31 July 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [Bank of Valletta plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-interim-results-7/) - [Daily Review 18.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-07-2025/) - Four equities drag the MSE Equity Price Index lower The MSE Equity Price Index dropped by 0.59% to 3,760.565 points reflecting the declines in the ordinary shares of RS2, Mapfre Middlesea, MPC, and Plaza. Meanwhile, six other equities closed unchanged. Overall activity was muted with less than €0.09 million worth of shares changing hands. Download - [Daily Review 17.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-07-2025/) - Weak volumes across multiple equities The MSE Equity Price Index remained virtually unchanged at 3,782.910 points as the gains in five equities were offset by declines in another five. Meanwhile, six other equities closed unchanged, mostly on muted activity. Download today's Equity Market Summary. Simonds Farsons Cisk plc was today’s most actively traded equity as - [Hospitality sector review](https://new.rizzofarrugia.com/published-articles/weekly/hospitality-sector-review/) - The end of June was the deadline for most bond issuers and their guarantors to publish their updated Financial Analysis Summary (FAS) providing financial projections for 2025. Although each of these reports are rather lengthy, they contain important information to the market in order to assess the financial strength of each of the issuers or - [Daily Review 16.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-07-2025/) - Varied movements across 16 equities The MSE Equity Price Index declined by 0.30% to 3,783.614 points as the declines in APS, BOV, Lombard, MIDI, Malta Properties Company, Main Street Complex, and Farsons outweighed the gains in GO, BMIT, and Mapfre Middlesea. Meanwhile, six other equities closed unchanged as today’s trading activity in local equities amounted - [Harvest Technology plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/harvest-technologies-plc-annual-general-meeting/) - [Computime Holdings plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-interim-results/) - [Daily Review 15.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-07-2025/) - Six Equities Push MSE Equity Price Index higher The MSE Equity Price Index advanced by 0.33% to 3,794.879 points as the gains in GO, Malita, AX Real Estate, MIDI, M&Z, and Farsons outweighed the declines in BMIT and Trident. Meanwhile, six equities closed unchanged as today’s trading activity amounted to €0.26 million. Download today's Equity - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2506/) - On 15 July 2025, BMIT Technologies plc announced that its Board of Directors is scheduled to meet on Tuesday 5 August 2025 to consider the approval of interim financial statements for the six-month period ended 30 June 2025. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/go2504/) - On 15 July 2025, GO plc announced that its Board of Directors is scheduled to meet on Thursday 7 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [BMIT Technologies plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-interim-results-7/) - [GO plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/go-plc-interim-results-7/) - [Daily Review 14.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-07-2025/) - Substantial activity across BOV shares The MSE Equity Price Index advanced by 0.47% to 3,782.476 points reflecting the gains in HSBC, Malita, and the ordinary shares of RS2. Meanwhile, five other equities closed unchanged. Download today's Equity Market Summary. The vast majority of today’s trading activity was across the shares of Bank of Valletta plc - [Daily Review 11.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-07-2025/) - MPC climbs to 2-year high The MSE Equity Price Index rebounded by 0.59% to 3,764.904 points as the gains in BMIT, BOV, MIA, MPC, MaltaPost, and PG outweighed the declines in AX Real Estate, Lombard, Malita, and Trident. Meanwhile, four other equities closed unchanged, but trading activity was muted with less than €0.10 million worth - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2506/) - On 11 July 2025, HSBC Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 30 July 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend. - [HSBC Bank Malta plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-interim-results-6/) - [Listing of New Shares](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2505/) - On 11 July 2025, the Malta Stock Exchange announced that 7,118,341 new BMIT Technologies plc ordinary shares were admitted to the Official List of the Malta Stock Exchange following the recent scrip dividend issue at an attribution price of €0.319 per share, representing a take-up of around 57%. Following this scrip dividend, the total number - [Purchase Agreement for MPC Shares](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2504/) - On 10 July 2025, BMIT Technologies plc announced that it entered into a Share Purchase Agreement (SPA) with Emirates International Telecommunications (Malta) Limited (EITML) to purchase 49,642,139 ordinary shares in the issued share capital of Malta Properties Company plc, which represent 49% of the total issued share capital of MPC and are listed on the - [Daily Review 10.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-07-2025/) - BMIT to buy 49% of MPC at €0.51 per share The MSE Equity Price Index fell by 0.78% to a 5-month low of 3,742.926 points as the declines in BOV, GO, MIDI, MaltaPost, PG, and Farsons outweighed the gains in Malita. Meanwhile, six other equities closed unchanged. Download today's Equity Market Summary. Today, BMIT Technologies - [June Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2510/) - On 10 July 2025, Malta International Airport plc announced that passenger movements during June 2025 amounted to 923,374, which is 7.5% higher than the comparable figure of 858,738 registered last year. This was the first time that passenger movements surpassed the 900,000 level in the month of June. The seat load factor for June 2025 - [June Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2024/mia2412/) - On 9 July 2024, Malta International Airport plc announced that passenger movements during June 2024 amounted to a record 858,738, 13.9% above the comparable figure of 754,258 movements registered during June last year. In this respect, last month was the airport’s second-best-ever in terms of passenger movements falling just 2.2% short of the airport’s best-ever - [Pricing of New MGS Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2506/) - On 10 July 2025, the Treasury Department established the prices for the two new Malta Government Stocks as follows: (i) 3.40% MGS 2035 (IV) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.4000% per annum; and (ii) 3.80% MGS 2040 (II) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.7996% per annum. The General Public has the possibility of applying for these stocks in - [Mobilising savings into investments](https://new.rizzofarrugia.com/published-articles/weekly/mobilising-savings-into-investments/) - In last week’s article I mentioned the need for the equity market in Malta to grow in size and also in depth if Malta wants to adopt the recommendations of the EU’s Savings and Investments Union (SIU) in order to have investors channel their savings into productive investment opportunities and in the meantime offer better - [Daily Review 09.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-07-2025/) - Thin trading across 14 equities The MSE Equity Price Index fell by 0.08% to 3,772.336 points as the declines in HSBC, MIDI, MIA, Malita, and the ordinary shares of RS2 outweighed the gains in Computime, GO and Malta Properties. Meanwhile six other equities closed unchanged as today’s trading in local equities amounted to €0.11 million. - [Daily Review 08.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-07-2025/) - Muted trading across local equities The MSE Equity Price Index fell by 0.22% to 3,775.268 points as the declines in APS, BMIT, GO and the ordinary shares of RS2 outweighed the gains in BOV and VBL. Meanwhile two other equities closed unchanged as today’s trading in local equities was subdued at under €50,000. Download today's - [Daily Review 07.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-07-2025/) - Varied movements across 11 equities The MSE Equity Price Index remained virtually unchanged at 3,783.432 points as the declines in BOV and MIDI outweighed the gains in GO, HSBC and MPC. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.2 million. Download today's Equity Market Summary. Bank of Valletta plc shed - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/aps2506/) - On 7 July 2025, APS Bank plc announced that its Board of Directors is scheduled to meet on Thursday 31 July 2025 to consider the approval of the interim financial results covering the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend, subject to regulatory approval. - [APS Bank plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/aps-bank-interim-results/) - [Daily Review 04.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-07-2025/) - BOV falls to 3-week low The MSE Equity Price Index fell by 0.83% to 3,783.057 points as the declines in BOV, GO, IHI, and Malita outweighed the gain in MaltaPost. Meanwhile, four other equities closed unchanged as today’s trading activity was muted at under €50,000. Download today's Equity Market Summary. Bank of Valletta plc shed - [New Stock Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2505/) - On 4 July 2025, the Treasury announced the issue of two new Malta Government Stocks for an aggregate nominal amount of €250 million subject to an over-allotment option of up to a further €150 million. The 2 new fixed-rate stocks are: The 3.40% MGS 2035 (IV) The 3.80% MGS 2040 (II) The prices of these - [Daily Review 03.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-07-2025/) - Three equities push the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.29% to 3,814.575 points as the gains in BOV, Malita, and VBL outweighed the declines in BMIT, HSBC, and MaltaPost. Meanwhile, Malta International Airport plc traded flat at the €5.95 level as 3,937 shares changed hands. Download today's Equity - [Reduction in free float](https://new.rizzofarrugia.com/published-articles/weekly/reduction-in-free-float/) - Over the past years, I had made several attempts at highlighting the need to reduce the minimum percentage holding of shares which must be in public hands which is often referred to as the ‘free float’. My last article addressing this need was published in February 2024 wherein I had opined that “the reduction in - [Daily Review 02.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-07-2025/) - Lacklustre trading across 11 equities The MSE Equity Price Index fell by 0.09% to 3,803.632 points as the declines in Medserv and Malita outweighed the gains in Plaza and MaltaPost. Meanwhile, seven equities closed unchanged as today’s trading activity amounted to just €0.08 million. Download today's Equity Market Summary. Bank of Valletta plc closed unchanged - [Daily Review 01.07.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-07-2025/) - Minimal trading across eight equities The MSE Equity Price Index fell by 0.27% to 3,807.18 points as the declines in BOV and MaltaPost outweighed the gain in Farsons. Meanwhile, five equities closed unchanged as today’s trading activity amounted to just €0.09 million. Download today's Equity Market Summary. Bank of Valletta plc shed 1.1% to the - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/vdh2501/) - On 30 June 2025, Von der Heyden Group Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Timan Investments Holdings plc (the Guarantor) in 2025: Revenues are anticipated to fall by 20.3% to €12.1 million (2024: €15.3 million) driven by the loss of - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/cphcl2501/) - On 30 June 2025, CPHCL Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of CPHCL Company Limited (the Guarantor) for 2025: Revenues are expected to increase by 12.1% to a record of €391 million (2024: €349 million) driven by the full-year income from - [Daily Review 30.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-06-2025/) - Several equities unchanged on thin trading The MSE Equity Price Index rose by 0.37% to 3,817.475 points driven by gains in BOV and Lombard. Meanwhile, ten equities closed unchanged as today’s trading activity amounted to €0.35 million. Download today's Equity Market Summary. More than 85% of today’s trading activity took place across the shares of - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2510/) - On 30 June 2025, International Hotel Investments plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of IHI in 2025: Revenue is expected to increase by 12.7% to a record of €346 million (2024: €307 million) driven by the full-year income from the Corinthia Grand - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mof2501/) - On 27 June 2025, Mizzi Organisation Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of the Mizzi Organisation (the Guarantors’ combined financial statements) in 2025: Revenue is expected to increase by 5.9% to €245 million, as growth in the beverage segment (+12.5%, or - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/g32501/) - On 27 June 2025, G3 Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of G3 Holdings Limited (the Guarantor) in 2025: Revenues are expected to surge by 26.0% to a record €19.0 million (2024: €15.1 million) driven by the full-year operations of the - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/pfc2501/) - On 24 June 2025, Phoenicia Finance Company plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Phoenicia Group (combined financial statements of the Guarantors) in 2025: Revenues are expected to increase by 8.2% to a record €25.6 million (2024: €23.6 million) driven by higher - [Final Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2504/) - On 30 June 2025, VBL plc announced that the Directors are recommending the payment of a final gross dividend of €0.0008829 per share (FY2023: €0.000803) to all shareholders as at the close of trading on Friday 27 June 2025, subject to approval at the upcoming Annual General Meeting scheduled for 31 July 2025. - [VBL plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-dividend-cut-off-date-3/) - [Daily Review 27.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-06-2025/) - Year-to-date trading in BOV surpasses €10 million The MSE Equity Price Index fell by 0.08% to 3,803.237 points as the declines in BOV, HSBC, and the ordinary shares of RS2 outweighed the gains in APS, MIA, Malita, Main Street Complex and Trident. Meanwhile, Hili Properties plc held the €0.24 level on a single deal of - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/ti2501/) - On 26 June 2025, Tumas Investments plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Spinola Development Company Limited (the Guarantor) for 2025: Revenues are expected to increase by 4.0% to €55.0 million as the Group expects unchanged level of income from hotel operations - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/gap2501/) - On 27 June 2025, Gap Group plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Gap Group plc in 2025: Revenue is expected to fall to €25.2 million (2024: €48.2 million) as the Group recognises further the sales from the remaining stock of - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/hvl2501/) - On 26 June 2025, Hili Finance Company plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Hili Ventures Limited (the Guarantor of the bonds) in 2025: Revenue is expected to increase by 10.9% to a record of €1.21 billion (2024: €1.07 billion). The improvement - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mds2506/) - On 27 June 2025, MedservRegis plc announced that its Board of Directors is scheduled to meet on Friday 29 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. - [MedservRegis plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-interim-results-5/) - [Daily Review 26.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-06-2025/) - Seven equities drag the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.93% to 3,806.141 points as the declines in BOV, GO, HSBC, Malita, MZ, Farsons and the ordinary shares of RS2 outweighed the gain in APS. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.43 million. - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/hmv2501/) - On 25 June 2025, Hal Mann Vella Group plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Hal Mann Vella Group in 2025: Revenues are expected to increase by 17.4% to €31.8 million as the Group anticipates growth in income across all three - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/hp2506/) - On 25 June 2025, Hili Properties plc published an updated Financial Analysis Summary. The following are the main highlights of the company’s expected financial performance and position in 2025: Revenues are expected to fall by 1.7% to €15.6 million, as the reduced projected income from property sales in Latvia will be offset by growth in other countries. - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/vrt2501/) - On 25 June 2025, Virtu Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Virtu Maritime Limited (the Guarantor) in 2025: Revenues are expected to decrease by 20.0% to €56.1 million compared to €70.1 million in the last financial year due to a normalisation - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mid2504/) - On 24 June 2025, MIDI plc published an updated Financial Analysis Summary. In the announcement, MIDI specified that the FAS does not reflect the material developments relating to the Manoel Island project including: the withdrawal of Government support for the Manoel Island project and the judicial letter from the Government of Malta threatening the recission of the - [Bank of Valletta plc - Bonus Shares Listing Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-bonus-shares-listing-date/) - [A golden age for GO plc](https://new.rizzofarrugia.com/published-articles/weekly/a-golden-age-for-go-plc/) - The AGM season is now in its final stages for the majority of companies whose equity is listed on the Malta Stock Exchange. Apart from the customary resolutions generally placed on the agenda for shareholder approval, the annual meeting with shareholders is a good opportunity for a company to explain its business model as well - [Daily Review 25.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-06-2025/) - Trading across BOV shares takes centre stage The MSE Equity Price Index rose by 0.25% to 3,841.773 points as the gains in BMIT, HSBC, IHI and the ordinary shares of RS2 outweighed the declines in APS, Hili Properties, MIA, and Malta Properties Company. Meanwhile, three equities closed unchanged as today’s trading activity in local equities - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/edn2501/) - On 24 June 2025, Eden Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Eden Leisure Group Limited (the Guarantor) in 2025: Revenues are expected to surge by 25.1% to a record of €57.0 million from €45.6 million last year, driven by higher income from - [Hili Properties plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/hili-properties-plc-annual-general-meeting-4/) - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mih2501/) - On 24 June 2025, Mediterranean Investments Holding plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of MIH in 2025: Revenues are expected to increase by 6.2% to a record €33.2 million (2024: €31.2 million) reflecting the anticipated improvement in the occupancy of Palm City - [PG plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/pg-plc-dividend-payment-date-12/) - [PG plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/pg-plc-dividend-cut-off-date-11/) - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/pg2503/) - On 25 June 2025, PG plc announced that the company’s Board of Directors resolved to distribute a net interim dividend of €0.0416667 per share, unchanged when compared to the interim dividend paid out in July 2024. Shareholders of PG as at close of trading on Wednesday 2 July 2025 will be entitled to receive the - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/pre2501/) - On 24 June 2025, Premier Capital plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Premier Capital in 2025: Revenue is expected to increase by 8.5% to a record of €775 million reflecting growth in revenue across all six markets, most notably in Romania (+10.2% - [Collaboration with Visa USA](https://new.rizzofarrugia.com/malta-market-news/2025/rs22503/) - On 24 June 2025, RS2 plc announced that it has entered into a collaboration agreement with VISA USA Inc to offer an end-to-end acceptance infrastructure proposition. The company explained that the new collaboration will combine Visa’s front-end authorisation services with RS2’s robust infrastructure that powers back-end processing. Early implementations are underway in Europe and Latin - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/axre2506/) - On 23 June 2025, AX Real Estate plc published its interim financial results covering the six-month period ended 30 April 2025. Revenue increased by 4.6% to €7.1 million primarily driven by higher variable rent from the hospitality properties, reflecting improved operational performance from the hotels. AX Real Estate explained that 77% of the rental income emanated from - [Daily Review 24.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-06-2025/) - BOV announces bond allocation policy The MSE Equity Price Index rose by 0.55% to 3,832.293 points as the gains in APS, BOV, HSBC and MIA outweighed the declines in Farsons, Computime and IHI. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today's Equity Market Summary. Bank of Valletta - [Bond Issue Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2025/bov2508/) - On 24 June 2025, Bank of Valletta plc announced the allocation policy with respect to the recent offer of up to €150 million 5.00% unsecured subordinated bonds 2030-35. The Bank explained that it received a total of 4,205 applications for a total value of €182.8 million There were 48 applications lodged by Professional Clients and - [Daily Review 23.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-06-2025/) - AX Real Estate falls to an all-time low The MSE Equity Price Index fell by 0.58% to 3,811.258 points as the declines in AX Real Estate, BOV, and Trident outweighed the gains in GO and Farsons. Meanwhile, MIA closed unchanged. Download today's Equity Market Summary. AX Real Estate plc slumped by 10.1% to an all-time - [BMIT Technologies plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-dividend-payment-date-6/) - [Daily Review 20.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-06-2025/) - Notable volumes across Plaza shares The MSE Equity Price Index rose by 0.20% to 3,833.551 points as the gains in GO, Hili Properties, Harvest, Malita and Farsons outweighed the declines in BMIT and HSBC. Meanwhile, seven equities remained unchanged as today’s trading activity amounted to €0.30 million. Download today's Equity Market Summary. Nearly half of - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mds2505/) - On 20 June 2025, MedservRegis plc published an updated Financial Analysis Summary. The main highlights of the projected financial performance and position of MedservRegis for the 2025 financial year are as follows: Revenues are expected to increase by 13.9% to €79.8 million compared to €70.0 million in 2024 driven by higher activity across the Mediterranean region, which - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2504/) - On 21 May 2025, Grand Harbour Marina plc declared a gross interim dividend of €0.039775 per share (net: €0.035 per share). The dividend is payable on 20 June 2025 to shareholders as at close of trading on 11 June 2025. - [Contract Renewal in Egypt](https://new.rizzofarrugia.com/malta-market-news/2025/mds2504/) - On 20 June 2025, MedservRegis plc announced that its subsidiary in Egypt has successfully renewed a significant contract with IEOC Production B.V. for the provision of integrated logistics and shore base services in Damietta, Egypt. The company explained that this renewal extends the long-standing partnership between the two companies for a firm period of two years - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/axre2505/) - On 20 June 2025, AX Real Estate plc announced that its Board of Directors is scheduled to meet on Monday 23 June 2025 to consider the approval of the financial results for the six-month period ended 30 April 2025. - [AX Real Estate plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-interim-results-3/) - [Plaza Centres plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-dividend-payment-date-10/) - [Daily Review 19.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-06-2025/) - BOV dominates trading activity The MSE Equity Price Index fell by 0.21% to 3,825.975 points as the declines in IHI, Lombard, Trident, and the ordinary shares of RS2 outweighed the gains in GO and MIDI. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.41 million. Download today's Equity Market Summary. - [Another v-shaped recovery](https://new.rizzofarrugia.com/published-articles/weekly/another-v-shaped-recovery/) - At the start of the year, investment sentiment across the equity markets, particularly in the US, which is by far the largest capital market, was highly positive as a result of expectations of favourable policies by the incoming administration including tax cuts and deregulation which were expected to support further economic growth and corporate profits. - [Daily Review 18.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-06-2025/) - Five equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.52% to 3,834.009 points driven by the declines in APS, IHI, MIA, PG, and RS2. Meanwhile, four other equities closed unchanged. In contrast to yesterday’s heightened activity, today’s trading in local equities was muted at around €70,000. Download today's Equity - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/cfp2501/) - On 16 June 2025, ClearFlowPlus plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Water Services Corporation (WSC, the Guarantor) in 2025: Revenue is expected to increase by 6.7% to €108.4 million reflecting continued demand for water and better consumption monitoring through the ongoing rollout - [Main Street Complex plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/main-street-complex-plc-dividend-payment-date-8/) - [Daily Review 17.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-06-2025/) - Trading in local equities reaches 2-month high The MSE Equity Price Index advanced by 1.24% to a one-month high of 3,853.886 points as the gains in five equities outweighed the declines in Malita and Farsons. Meanwhile, three other equities closed unchanged as today’s trading in local equities amounted to €0.61 million, the highest level since - [Daily Review 16.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-06-2025/) - BOV recaptures the €2.08 level The MSE Equity Price Index rose by 0.07% to 3,806.860 points as the gains in BOV, GO, and FIMBank outweighed the declines in APS, BMIT, Harvest, and Main Street Complex. Meanwhile, five other equities closed unchanged as today’s trading in local equities amounted to €0.13 million. Download today's Equity Market - [Daily Review 13.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-06-2025/) - Passenger traffic at MIA exceeds 900,000 in May The MSE Equity Price Index fell by 0.55% to 3,804.199 points as the declines in APS, BOV, HSBC, MIA, Mapfre Middlesea, and Trident outweighed the gains in BMIT, Lombard and Plaza. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today's Equity - [May Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2509/) - On 13 June 2025, Malta International Airport plc announced that passenger movements during May 2025 amounted to 927,709, which is 8.1% higher than the comparable figure of 858,402 registered last year. This was the first time that passenger movements surpassed the 900,000 level in the month of May. The seat load factor for May 2025 - [Bond Issue Oversubscribed](https://new.rizzofarrugia.com/malta-market-news/2025/bov2507/) - On 13 June 2025, Bank of Valletta plc announced that the recent offer of up to €150 million 5.00% unsecured subordinated bonds 2030-35 has been oversubscribed and the Bank has exercised the over-allotment option in full. As a result, the offer will be closed ahead of schedule on Monday 16 June 2025 at 14.00 hours. The company - [Daily Review 12.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-06-2025/) - MSE Equity Price Index rises to three-week high The MSE Equity Price Index surged by 1.12% to 3,825.073 points as the gains in BOV, HSBC, MaltaPost, PG and VBL outweighed the declines in BMIT, Plaza and the ordinary shares of RS2. Meanwhile, five other equities closed unchanged as today’s trading activity amounting to €0.60 million. - [Busy times for the bond market](https://new.rizzofarrugia.com/published-articles/weekly/busy-times-for-the-bond-market/) - In my article published two weeks’ ago dealing with the development in the sovereign bond markets in the US and also Japan, I had made reference to the state of Malta’s public finances in view of the increased exposure to Malta Government Stocks among the retail investing community following the lengthy period of very low - [Daily Review 11.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-06-2025/) - BOV climbs to a one-month high The MSE Equity Price Index rose by 0.52% to 3,782.676 points as the gains in BOV, IHI, Malita, and Malta Properties outweighed the decline in Lombard. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.29 million. Download today's Equity Market Summary. Bank of Valletta plc - [Daily Review 10.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-06-2025/) - Strong volumes across Hili Properties shares The MSE Equity Price Index remained virtually unchanged at 3,762.948 points as the declines in VBL, PG, Malta Properties, and IHI offset the gains in BMIT and HSBC. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.28 million. Download today's Equity Market Summary. Nearly half - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/gt2501/) - On 9 June 2025, Golden Triangle plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €42 million 5.30% secured bonds maturing in 2030. Golden Triangle plc is the finance arm of Gilded Triumvirate LP (the Guarantor), established under the laws of the British Virgin - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/midi2502/) - On 29 April 2025, MIDI plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenue decreased by 17.8% to €3.35 million as MIDI had no inventory of residential apartments which it could deliver in 2024. However, revenue generated from the property rental and management segment increased by 1% to €3.22 - [Daily Review 09.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-06-2025/) - BOV and Lombard pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.1% to 3,764.619 points as the declines in BOV and Lombard outweighed the gains in GHM, MIA, and the ordinary shares of RS2. Meanwhile, four equities closed unchanged as today’s total activity in local equities amounted to €0.15 - [Update on Manoel Island](https://new.rizzofarrugia.com/malta-market-news/2025/mid2503/) - On 9 June 2025, MIDI plc announced that while it remains fully compliant with its obligations under the existing Deed of Emphyteusis relating to the Manoel Island project, it is prepared to engage in constructive discussions with the Government to review the future of the Manoel Island project, guided by a commitment to protect public - [VBL plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-annual-general-meeting-3/) - [Daily Review 06.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-06-2025/) - Farsons climbs to 3-month high The MSE Equity Price Index advanced by 0.19% to 3,768.056 points as the gain in Farsons outweighed the declines in APS, Computime, and Malta Properties. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.17 million. Download today's Equity Market Summary. Simonds Farsons Cisk plc was today’s - [The Convenience Shop (Holding) plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-dividend-payment-date-3/) - [Interim Report](https://new.rizzofarrugia.com/malta-market-news/2025/mds2503/) - On 6 June 2025, MedservRegis plc published an interim report providing an overview of the company’s performance during the first three months of 2025 compared to the same period last year. Revenue increased by 26% to €21.7 million compared to €17.2 million in Q1 2024, reflecting the surge in income from the Integrated Logistics Support - [Daily Review 05.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-06-2025/) - Mixed share price movements across 15 equities The MSE Equity Price Index rose by 0.14% to 3,760.952 points as the gains in BOV, MIA, MaltaPost, and Malta Properties outweighed the declines in AX Real Estate, BMIT, GO, and the ordinary shares of RS2. Meanwhile, seven equities closed unchanged as today’s trading activity amounted to €0.23 - [Daily Review 04.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-06-2025/) - BOV dominates trading activity The MSE Equity Price Index shed 0.21% to 3,755.617 points as the declines in BOV, Harvest, Malita, Malta Properties, MaltaPost and Farsons outweighed the gain in Mapfre Middlesea. Meanwhile eight equities closed unchanged as today’s trading activity remained roughly in line with the previous three sessions at €0.19 million. Download today's - [Farsons - a year of strategic importance](https://new.rizzofarrugia.com/published-articles/weekly/farsons-a-year-of-strategic-importance/) - Last week, Simonds Farsons Cisk published its Annual Report & Financial Statements for the 2024/25 financial year which came to an end on 31 January 2025. It was yet another record financial year for the Group with revenue from the beverage businesses growing by 5.5% to €101.8 million while revenue from the food businesses increased - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2505/) - On 4 June 2025, Grand Harbour Marina plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of GHM in 2025: Revenues are expected to increase by 1.6% to €4.55 million from €4.48 million last year, when excluding the 2024 one-off long-term berth sale totalling €3.75 million. - [Daily Review 03.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-06-2025/) - Five equities pull the MSE Equity Price Index lower The MSE Equity Price Index shed 0.45% to 3,763.566 points as the gains in APS, BOV, MPC and Main Street, were offset by the declines in HSBC, IHI, MIA, MaltaPost and Farsons. Meanwhile, seven other equities remained unchanged as trading activity remained roughly in line with - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/cbc2501/) - On 3 June 2025, Central Business Centres plc (‘CBC’) published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of CBC in 2025: Revenues are forecasted to surge by 14.5% to €2.72 million (2024: €2.37 million) largely reflecting higher occupancy levels in the commercial properties at Mrieħel, St. - [Resolution for Food Business Spin-off](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2503/) - On 3 June 2025, Simonds Farsons Cisk plc published the agenda for the upcoming Annual General Meeting which is scheduled to be held on 26 June 2025. One of the resolutions relates to the approval of the spin-off of the shareholding in Quinco Holdings plc by way of a distribution of a ‘dividend-in-kind’. Quinco Holdings - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/exa2501/) - On 2 June 2025, Exalco Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Exalco Properties Limited (the Guarantor) in 2025: Net revenues from property leasing activities are estimated to remain relatively unchanged at around €4.9 million as all centres except the Golden - [Daily Review 02.06.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-06-2025/) - Minimal changes across local equities The MSE Equity Price Index remained virtually unchanged at 3,780.508 points as the gains in APS and GO were largely offset by the declines in BOV and MIA. Meanwhile, eight other equities remained unchanged as trading activity stood at €0.24 million, in line with the previous session. Download today's Equity - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mar2501/) - On 2 June 2025, Mariner Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Mariner Finance in 2025: Total revenues are expected to increase by 3.5% to €20.7 million as the higher income from container services (+10.3% to €13.3 million) and cargo storage - [Issue of Series 2 of Bond Issuance Programme](https://new.rizzofarrugia.com/malta-market-news/2025/bov2506/) - On 21 May 2025, Bank of Valletta plc announced that it approved the Final Terms relating to the Series 2 Tranche 1 bonds under its existing Unsecured Euro Medium Term Bond Programme as per Base Prospectus dated 11 October 2024. The Bank intends to issue the Series 2 Tranche 1 in the form of an issue of - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2502/) - On 28 May 2025, Simonds Farsons Cisk plc published its Annual Report & Financial Statements for the year ended 31 January 2025. Following the Board of Directors’ decision to spin off the Group’s food businesses, namely Quintano Foods Limited and Food Chain Limited into a separately publicly listed company which will be called Quinco Holdings - [Daily Review 30.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-05-2025/) - GO share price falls to 10-year low The MSE Equity Price Index rebounded by 0.81% to 3,780.413 points as the gains in APS, BMIT, IHI, MIDI, MIA, MaltaPost and Farsons outweighed the declines in AX Real Estate, BOV and GO. Meanwhile, eight other equities remained unchanged as today’s trading activity amounted to €0.24 million. Download - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mmsm2501/) - On 30 May 2025, MM Star Malta Finance plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €35 million 5.35% secured bonds maturing in 2031, the possibility of early redemption as from 2029. MM Star Malta Finance is the finance vehicle of MM Star Holdco Limited, - [Simonds Farsons Cisk plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-dividend-cut-off-date-11/) - [Investment in 56BIT Limited](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2503/) - On 25 March 2025, BMIT Technologies plc announced that it has entered into a share purchase agreement for the acquisition of a 51% equity stake in 56BIT Limited. BMIT explained that the conclusion of the transaction depends on a number of conditions and thus will keep the market informed in due course. On 30 May 2025, BMIT - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2025/mtp2501/) - On 28 May 2025, MaltaPost plc published the Unaudited Interim Financial Statements for the six-month period ended 31 March 2025. Revenue increased by 2.4% to €21.5 million from €20.9 million in the same period last year reflecting steady performance across key business areas. Operating expenses decreased by 0.8% to €18.4 million. MaltaPost explained that it is mitigating - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/tri2502/) - On 29 May 2025, Trident Estates plc published its Annual Report & Financial Statements for the year ended 31 January 2025. Revenues surged by 31% to €5.52 million (FY2023/24: €4.22 million) reflecting the improved occupancy at Trident Park which reached 86% as at the end of the financial year. The company explained that it has also - [Mapfre Middlesea plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-interim-results-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mms2503/) - On 29 May 2025, Mapfre Middlesea plc announced that its Board of Directors is scheduled to meet on Monday 28 July 2025 to consider the approval of the interim financial statements covering the six-month period ending 30 June 2025. - [Daily Review 29.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-05-2025/) - Trident achieves record operating profit, resumes dividend The MSE Equity Price Index snapped a three-day winning streak as it fell by 1.28% to 3,750.108 points reflecting the declines of APS, GO, HSBC, MIDI, MIA, and MaltaPost. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.36 million. Download today's Equity Market Summary. - [Trident Estates plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/trident-estates-plc-dividend-payment-date-2/) - [Trident Estates plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/trident-estates-plc-dividend-cut-off-date/) - [Investors’ focus on Government Debt](https://new.rizzofarrugia.com/published-articles/weekly/investors-focus-on-government-debt/) - In recent days, one of the main themes across international financial markets was the movement in government bond yields in Japan and also in the US. The prices of the 30-year and 40-year bonds issued by the Government of Japan have fallen drastically over the past few weeks. Due to the inverse relationship between a - [Daily Review 28.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-05-2025/) - Farsons generates record profits, raises dividend by 25% The MSE Equity Price Index rose for the third consecutive session as it increased by 0.28% to 3,798.431 points. The positive movements in BMIT, IHI and MPC outweighed the decline in GO. Meanwhile, five other equities closed unchanged as today’s trading activity was muted at just €0.08 - [Simonds Farsons Cisk plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-dividend-cut-off-date-10/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/pg2502/) - On 28 May 2025, PG plc announced that its Board of Directors is scheduled to meet on Wednesday 25 June 2025 to consider the declaration of an interim dividend. - [PG plc - Board Meeting](https://new.rizzofarrugia.com/upcoming-events/pg-plc-board-meeting-14/) - [Daily Review 27.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-05-2025/) - Five equities push MSE Equity Price Index higher The MSE Equity Price Index extended yesterday’s gains as it rose by 0.23% to 3,788.015 points. The positive movements in BMIT, BOV, Computime, MIA, and M&Z outweighed the declines in Harvest and Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.11 million. - [Daily Review 26.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-05-2025/) - Thin trading volumes across multiple equities The MSE Equity Price Index snapped a four-day losing streak as it rose by 0.12% to 3,779.323 points as the gains in HSBC, IHI, MaltaPost, and Trident outweighed the declines in APS, MIA, Mapfre Middlesea, Malta Properties Company, Farsons, and the ordinary shares of RS2. Meanwhile, six other equities - [Daily Review 23.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-05-2025/) - Local equity index registers four-day losing streak The MSE Equity Price Index shed 0.18% to a fresh 3-month low of 3,775.000 points as the declines in BMIT and IHI outweighed the gains in APS, BOV, Medserv, and MIA. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.35 million. Download today's Equity - [Listing of New Shares](https://new.rizzofarrugia.com/malta-market-news/2025/aps2505/) - On 23 May 2025, the Malta Stock Exchange announced that 1,246,433 new APS Bank plc ordinary shares were admitted to the Official List of the Malta Stock Exchange following the recent scrip dividend issue at an attribution price of €0.57 per share, representing a take-up of around 11%. Following this scrip dividend, the total number - [Daily Review 22.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-05-2025/) - Diverse trading across 15 equities The MSE Equity Price Index shed 0.09% to a fresh 3-month low of 3,781.829 points as the declines in APS, GO, HSBC, MaltaPost, and M&Z outweighed the gains in Grand Harbour Marina, MIA and Malita. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download - [Short-term yields at 2%](https://new.rizzofarrugia.com/published-articles/weekly/short-term-yields-at-2/) - In my weekly media contributions over recent years, on an occasional basis I gave prominence to movements in yields on short-term financial instruments since these gained popularity following the strong upturn in interest rates within the euro area as from the second half of 2022. In the decade prior to 2022, it was virtually impossible - [Daily Review 21.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-05-2025/) - BOV to issue up to €150 million 5% unsecured subordinated bonds The MSE Equity Price Index shed 0.20% to a fresh 3-month low of 3,785.170 points as the declines in BMIT, GO, HSBC, Farsons, and Trident outweighed the gain in MIA. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.12 million. - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2503/) - On 21 May 2025, Malta Properties Company plc published an updated Financial Analysis Summary. The following are the main highlights of the company’s expected financial performance and position in 2025: Revenues are expected to decrease by 11.5% to €5.04 million (2024: €5.69 million) since following the expiration of a number of leases, certain properties will be vacant - [Grand Harbour Marina - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/grand-harbour-marina-dividend-payment-date-2/) - [Grand Harbour Marina - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/grand-harbour-marina-dividend-cut-off-date-2/) - [Bank of Valletta plc - Bonus Share Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-bonus-share-cut-off-date/) - [Daily Review 20.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-05-2025/) - MSE Equity Price Index drops to 3-month low The MSE Equity Price Index shed 0.87% to a 3-month low of 3,792.883 points as the declines in APS, FIMBank, MIA, and RS2 outweighed the gain in BMIT. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.19 million. Download today's Equity Market Summary. - [Daily Review 19.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-05-2025/) - Four equities push MSE Equity Price Index higher The MSE Equity Price Index rose by 0.33% to 3,826.200 points as the gains in BOV, HSBC, Plaza, and Trident outweighed the declines AX Real Estate and MaltaPost. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today's Equity Market Summary. - [Daily Review 16.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-05-2025/) - Varied movements across ten equities The MSE Equity Price Index remained virtually unchanged at 3,813.817 points as the gains in MIA, Malita and FIMBank were offset by the declines in BOV, Harvest and MaltaPost. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.18 million. Download today's Equity Market Summary. Malta International - [APS Bank plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-dividend-payment-date-3/) - [Flying start for MIA](https://new.rizzofarrugia.com/published-articles/weekly/flying-start-for-mia/) - Malta International Airport plc (MIA) has been publishing its quarterly financial statements for quite some time and more recently, this good initiative has also been replicated by three of the retail banks and only a few other companies whose equity is listed on the Malta Stock Exchange. The publication of quarterly financial highlights and key - [Daily Review 15.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-05-2025/) - Four equities push MSE Equity Price Index higher The MSE Equity Price Index gained 0.1% to 3,815.854 points as the gains in APS, BOV, MIA and VBL outweighed the declines in Malita, Main Street Complex, FIMBank and BMIT. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.16 million. Download today's Equity - [Daily Review 14.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-05-2025/) - Substantial trading across Hili Properties shares The MSE Equity Price Index fell by 0.47% to 3,812.191 points as the declines in APS, BOV, MPC, and VBL outweighed the gains in MIDI, Malita, and M&Z. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.50 million. Download today's Equity Market Summary. Hili Properties - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/go2503/) - On 14 May 2025, GO plc published an updated Financial Analysis Summary. GO explained that during 2024, it took a strategic decision to separate its intellectual property (IP) assets consisting of the GO brand, copyright works, database rights, trade secrets, domain names, software and other IP to a new wholly-owned subsidiary GO IP Holdings Limited at - [Grand Harbour Marina plc - Board Meeting](https://new.rizzofarrugia.com/upcoming-events/grand-harbour-marina-plc-board-meeting-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/ghm2503/) - On 13 May 2025, Grand Harbour Marina plc announced that its Board of Directors is scheduled to meet on Tuesday 20 May 2025 to consider the declaration of a dividend. - [Resolution for a Share Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2025/mz2503/) - On 13 May 2025, M&Z plc published the agenda for the upcoming Annual General Meeting which is scheduled to be held on 4 June 2025. One of the resolutions relates to a share buyback programme in which the directors are seeking authorisation to acquire up to 1,000,000 shares at a price ranging from a minimum - [MIA reports double-digit growth in Q1 profits](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/mia-reports-double-digit-growth-in-q1-profits/) - MIA reports double-digit growth in Q1 profits The MSE Equity Price Index rose by 0.17% to 3,830.311 points as the gain in BOV outweighed the declines in GO, Harvest, and MPC. Meanwhile, two equities closed unchanged as today’s trading activity was muted at around €75,000. Download today's Equity Market Summary. Malta International Airport plc closed - [Increasing participation in the capital market](https://new.rizzofarrugia.com/published-articles/weekly/increasing-participation-in-the-capital-market/) - This week marks an important milestone in my journalistic duties as it is my 900th article published in the media. To mark this event, it is coincidental that I was recently invited to participate in a seminar organised by Camilleri Preziosi Advocates which dealt with capital markets. The seminar touched upon many points that I - [Quarterly Update & April Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2508/) - On 13 May 2025, Malta International Airport plc published the financial results for the first three months of 2025. MIA also announced the traffic results for April. Financial Performance: January to March 2025 Revenues during the first three months of 2025 amounted to €29.2 million, which is 13.7% higher than the comparable figure of €25.7 - [Daily Review 12.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-05-2025/) - BOV pushes MSE Equity Price Index higher The MSE Equity Price Index rose by 0.35% to 3,823.933 points as the gain in BOV outweighed the decline in APS. Meanwhile, five equities closed unchanged. Download today's Equity Market Summary. Bank of Valletta plc gained 1.5% to the €1.98 level across sixteen deals totalling 32,451 shares. Last - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/cbl2501/) - On 9 May 2025, Cablenet Communication Systems plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Cablenet Communication Systems plc in 2025: Revenues are anticipated to grow by 2.3% to €73.8 million on the back of modest growth in mobile subscribers as well as - [Daily Review 09.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-05-2025/) - The MSE Equity Price Index fell by 0.35% to a fresh three-month low of 3,810.626 points as the declines in five equities outweighed the gain in HSBC. Meanwhile, three equities closed unchanged as today’s trading activity amounted to just €27,000, the lowest daily value traded since last December. Download today's Equity Market Summary. Malta International - [LifeStar Insurance plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/lifestar-insurance-plc-annual-general-meeting-3/) - [LifeStar Holding plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/lifestar-holding-plc-annual-general-meeting-5/) - [Daily Review 08.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-05-2025/) - BOV discloses share buyback proposal details The MSE Equity Price Index rose by 0.09% to 3,824.067 points as the gains in GO, Grand Harbour Marina, and Malta Properties outweighed the declines BOV and Hili Properties. Meanwhile, four equities closed unchanged but trading activity remained muted at around €60,000. Download today's Equity Market Summary. Bank of - [Resolution for a Share Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2025/bov2505/) - On 8 May 2025, Bank of Valletta plc published the agenda for the upcoming Annual General Meeting which is scheduled to be held on 29 May 2025. One of the resolutions relates to a share buyback (non-cancellable) programme in which the directors are seeking authorisation to repurchase and acquire up to 2,800,000 shares at a - [Earnings deluge](https://new.rizzofarrugia.com/published-articles/weekly/earnings-deluge/) - Last week was characterised by a vast amount of earnings announcements both locally as well as internationally. On the international front, the main focal point for financial analysts and market strategists related to the guidance being provided and the estimated tariff impact rather than the historical quarterly earnings figures. The high level of uncertainty brought - [Daily Review 07.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-05-2025/) - Six equities drag the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.40% to 3,820.722 points as the declines in six equities outweighed the gain in BOV. Meanwhile, FIMBank plc closed unchanged at the USD0.149 level after recovering from an intraday low of USD0.12 (-20%) over three deals totalling 10,028 shares. - [Malta Properties Company plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/malta-properties-company-plc-annual-general-meeting-7/) - [Daily Review 06.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-05-2025/) - Trading value falls to lowest year to date The MSE Equity Price Index decreased by 0.17% to 3,835.958 points driven by the declines in MIA and HSBC. Meanwhile, three equities closed unchanged as today’s trading activity amounted to around €40,000, the lowest since late December 2024. Download today's Equity Market Summary. Malta International Airport plc - [Daily Review 05.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-05-2025/) - MSE Equity Price Index virtually unchanged amid thin volumes The MSE Equity Price Index remained practically unchanged at 3,842.487 points as the gains in APS and Medserv were offset by the declines in BOV, Farsons and PG. Meanwhile, two equities closed unchanged as today’s trading activity was muted at just €70,500. Download today's Equity Market - [Daily Review 02.05.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-05-2025/) - Subdued trading across local equities The MSE Equity Price Index moved higher for the first time in six sessions as it rose by 0.51% to 3,842.581 points driven as the gains in BOV and IHI outweighed the declines in Medserv and the ordinary shares of RS2. Meanwhile, five equities closed unchanged, but trading value totalled - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/lsh2502/) - On 30 April 2025, LifeStar Holding plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. The financial statements for 2023 were restated to correct for a prior period error in accordance with IAS 8. The Group’s largely reflect the performance of its largest subsidiary LifeStar Insurance plc. The financial - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/lsi2502/) - On 30 April 2025, LifeStar Insurance plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. The financial statements for 2023 were restated to correct for a prior period error in accordance with IAS 8. Insurance service result fell by 10.8% to €2.08 million (2023: €2.34 million). Meanwhile, net insurance - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/tsch2502/) - On 28 April 2025, The Convenience Shop (Holding) plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. Revenue remained practically unchanged at €46.4 million as the Group experienced a challenging year amid a marked increase in competition in the retail fast moving consumer goods market, influenced by high inflation - [The Convenience Shop (Holding) plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-annual-general-meeting-3/) - [The Convenience Shop (Holding) plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-dividend-cut-off-date-3/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2509/) - On 29 April 2025, International Hotel Investments plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenue increased by 6.6% to a record of €307 million (2023: €288 million) reflecting the higher demand for the Group’s hotels, which led to higher revenues in all countries except for the Czech Republic - [Daily Review 30.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-04-2025/) - MSE Equity Price Index falls to a two-month low The MSE Equity Price Index fell by 0.23% to a fresh two-month low of 3,822.900 points driven by the declines in BOV, Computime, M&Z, and PG. Meanwhile, four equities closed unchanged as today’s trading activity totalled to just about €100,000. Download today's Equity Market Summary. Bank - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2502/) - On 28 April 2025, Malita Investments plc published its Annual Report and Financial Statements for the year ended 31 December 2024. The comparable figures for 2023 were restated as a result of adjustments made to better reflect the application of the relevant accounting standards. The financial performance of 2024 includes the impact of the €30 million - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/hp2505/) - On 28 April 2025, Hili Properties plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Total revenue, inclusive of other operating income, increased by 4.7% to a record of €17.0 million (2023: €16.3 million) despite the disposal of a retail complex in Latvia in February 2024. The Group reported that - [International Hotel Investments plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/international-hotel-investments-plc-annual-general-meeting-7/) - [Daily Review 29.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-04-2025/) - BOV increases profits despite drop in net interest income The MSE Equity Price Index fell by 0.82% to a fresh two-month low of 3,831.705 points driven by the declines in BOV and MIA. Meanwhile, three equities closed unchanged as today’s trading activity totalled €0.11 million. Download today's Equity Market Summary. Bank of Valletta plc shed - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2025/bov2504/) - On 29 April 2025, Bank of Valletta plc issued a quarterly financial overview providing information about its performance in Q1 2025 when compared to the same period in 2024. Net interest income dropped by 5.9% to €92.5 million (Q1 2024: €98.3 million) as the 5.7% reduction in gross interest income to €105.8 million outweighed the - [Malita Investments plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/malita-investments-plc-dividend-payment-date-13/) - [Malita Investments plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/malita-investments-plc-dividend-cut-off-date-13/) - [Malita Investments plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/malita-investments-plc-annual-general-meeting-7/) - [Interim Directors’ Statement](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2505/) - On 29 April 2025, HSBC Bank Malta plc published a quarterly update providing information about its performance in Q1 2025 when compared to the same period in 2024. Total revenue decreased by 10% (or €6.7 million) reflecting the lower prevailing average interest rates in Q1 2025 when compared to Q1 2024. The Directors highlighted that - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/msc2502/) - On 28 April 2025, Main Street Complex plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenue decreased by 11.4% to €0.72 million (2023: €0.81 million) reflecting the non-renewal of three tenancy agreements which expired in March 2024. As a result, occupancy as at the end of 2024 dropped to - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/tri2501/) - On 29 April 2025, Trident Estates plc announced that its Board of Directors is scheduled to meet on Thursday 29 May 2025 to consider the approval of the financial results for the year ended 31 January 2025. The Directors will also consider the declaration of a dividend. - [Trident Estates plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/trident-estates-plc-full-year-results-5/) - [Daily Review 28.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-04-2025/) - Main Street Complex lowers property book value amid challenges The MSE Equity Price Index fell by 0.17% to a two-month low of 3,863.473 points as the declines in BOV, AX Real Estate, GO, HSBC, and RS2 outweighed the gain in Hili Properties. Meanwhile, two equities closed unchanged as today’s trading activity totalled just under €100,000. - [Main Street Complex plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/main-street-complex-plc-dividend-cut-off-date-7/) - [Main Street Complex plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/main-street-complex-plc-annual-general-meeting-6/) - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/bor2501/) - On 28 April 2025, Bortex Group Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Bortex Group Holdings Ltd. (the Guarantor) for the year ending 31 October 2025: Revenue is expected to increase by 12.0% to €26.7 million as the Group expects - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/lom2502/) - On 16 April 2025, Lombard Bank Malta plc published its Annual Report and Financial Statements for the year ended 31 December 2024. This was the first full financial year following the Rights Issue that was completed in November 2023 which translated in an increase in capital of around €46 million. Net interest income rose by 5.4% - [Simonds Farsons Cisk plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-full-year-results-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/sfc2501/) - On 28 April 2025, Simonds Farsons Cisk plc announced that its Board of Directors is scheduled to meet on Wednesday 28 May 2025 to consider the approval of the financial statements for the year ended 31 January 2025. The Directors will also consider the declaration of a final dividend. - [Daily Review 25.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-04-2025/) - BOV and HSBC pull the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.11% to 3,869.926 points as the declines in BOV, HSBC, and AX Real Estate outweighed the gains in MIA, Malita, Mapfre Middlesea and RS2. Meanwhile, four equities closed unchanged as today’s trading activity totalled €0.19 million. Download today's - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2025/aps2504/) - On 24 April 2025, APS Bank plc published a Quarterly Financial Update providing information about its performance in Q1 2025 when compared to the same period in 2024. Net interest income remained practically unchanged at €16.7 million as the increase in gross interest income (+€1.4 million to €29.6 million) was offset by higher interest expenses (+€1.4 million - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/rs22502/) - On 23 April 2025, RS2 plc published its Annual Report & Financial Statements for the year ended 31 December 2024. Total revenue fell by 5.4% to €37.5 million as the declines in ‘Software (Licensing) solutions’ (-11% to €10.5 million) and ‘Processing solutions’ (-6% to €23.4 million) outweighed the growth in ‘Merchant solutions’ (+23% to €3.7 million). - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2503/) - On 24 April 2025, VBL plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenue surged by 25.3% to €4.07 million (2023: €3.25 million) principally reflecting the growth in rental income from its property portfolio. Operating costs (net of other income) increased by 11.3% to €3.37 million (2023: €3.02 million) - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/axg2501/) - On 23 April 2025, AX Group plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of AX Group plc for the financial year ending 31 October 2025: Revenue is anticipated to surge by 57% (or €48 million) to €131.6 million driven by the recognition of - [Bank of Valletta plc - Q1 2025 Results](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-q1-2025-results/) - [Trident Estates plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/trident-estates-plc-annual-general-meeting-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/lsh2501/) - On 24 April 2025, LifeStar Holding plc announced that its Board of Directors is scheduled to meet on Wednesday 30 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/lsi2501/) - On 24 April 2025, LifeStar Insurance plc announced that its Board of Directors is scheduled to meet on Wednesday 30 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [LifeStar Holding plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/lifestar-holding-plc-full-year-results-5/) - [LifeStar Insurance plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/lifestar-insurance-plc-full-year-results-3/) - [Simonds Farsons Cisk plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/simonds-farsons-cisk-plc-annual-general-meeting-6/) - [Hili Properties plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/hili-properties-plc-full-year-results-4/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hp2504/) - On 25 April 2025, Hili Properties plc announced that its Board of Directors is scheduled to meet on Monday 28 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the recommendation of a dividend. - [Daily Review 24.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-04-2025/) - APS reports lower Q1 profit amid one-off costs The MSE Equity Price Index fell by 0.17% to 3,874.022 points as the declines in six equities outweighed the gain in IHI. Meanwhile, seven equities closed unchanged as today’s trading activity was muted at just under €100,000. Download today's Equity Market Summary. APS Bank plc closed unchanged - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/axre2504/) - On 23 April 2025, AX Real Estate plc (AXRE) published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of AXRE for the financial year ending 31 October 2025: Revenues are expected to remain practically unchanged at €19.4 million, yet the figure is higher than the previous - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/plz2502/) - On 23 April 2025, Plaza Centres plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenue increased by 5.1% to €3.25 million (2023: €3.09 million). The company explained that the office space at the Plaza Business Centre was fully rented out throughout the year. Furthermore, two new tenants were added - [RS2 plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/rs2-plc-annual-general-meeting-2/) - [Plaza Centres plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-dividend-cut-off-date-7/) - [Plaza Centres plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-annual-general-meeting-6/) - [Daily Review 23.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-04-2025/) - RS2 surges to a two-month high The MSE Equity Price Index gained 0.43% to 3,880.677 points as the gains in BOV, GO, PG, Farsons and RS2 outweighed the declines in APS, HSBC, MIA and M&Z. Meanwhile, International Hotel Investments plc held the €0.42 level over trivial volumes. Download today's Equity Market Summary. The ordinary shares - [The Strengthening Euro](https://new.rizzofarrugia.com/published-articles/weekly/the-strengthening-euro/) - While the financial developments in recent weeks were dominated by constant updates related to the US trade policies and heightened volatility across the equity and bond markets, it is also worth noting the remarkable currency movements across major economies. For many investors in the euro area, the other key currencies of interest are typically the - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2502/) - On 22 April 2025, Computime Holdings plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Performance Overview Revenue remained relatively unchanged at €18.9 million (2023: €18.8 million) as the growth in turnover from the Fintech and Business Software outweighed the decline in revenue from the Systems Integration business line. In - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mds2502/) - On 22 April 2025, MedservRegis plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Performance Overview Revenue decreased by 5.3% to €70.0 million (2023: €73.9 million). The Integrated Logistics Support Services (ILSS) segment accounted for 53% of revenue while the Oil Country Tubular Goods (OCTG) segment represented 46% of income. - [Main Street Complex plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/main-street-complex-plc-full-year-results-7/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/msc2501/) - On 23 April 2025, Main Street Complex plc announced that its Board of Directors is scheduled to meet on Monday 28 April 2024 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the recommendation of a final dividend. - [Daily Review 22.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-04-2025/) - Six equities drag the local equity index lower The MSE Equity Price Index shed 0.84% to a two-month low of 3,864.016 points as the declines in APS, BOV, GO, MIA, Malita, and PG outweighed the gains in Lombard and MPC. Meanwhile, HSBC Bank Malta plc closed unchanged at the €1.47 level on muted activity. Download - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2502/) - On 21 March 2025, Malta Properties Company plc (‘MPC’) published its Annual Report and Financial Statements for the financial year ended 31 December 2024. Revenue increased by 13.2% to a record of €5.69 million (2023: €5.02 million) driven by additional rental income for ‘The Exchange’ in Marsa as well as the ’Mediterranean Building’ in Ta’ - [Computime Holding plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/computime-holding-plc-dividend-payment-date/) - [Computime Holdings plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-dividend-cut-off-date/) - [Computime Holdings plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-annual-general-meeting/) - [MedservRegis plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-dividend-payment-date-2/) - [MedservRegis plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-dividend-cut-off-date-2/) - [Withdrawal from bidding process](https://new.rizzofarrugia.com/malta-market-news/2025/aps2503/) - On 17 April 2025, APS Bank plc announced that it is withdrawing from the bidding process to acquire the 70.03% holding of HSBC Continental Europe in HSBC Bank Malta plc. APS explained that although the Board of Directors and Executive Team were optimistic about the potential acquisition, confidential information external to the due diligence exercise - [Daily Review 17.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-04-2025/) - MSE Equity Price Index snaps seven-day losing streak The MSE Equity Price Index moved higher for the first time in eight sessions as it rose by 0.31% to 3,896.888 points. The gains in BOV, AX Real Estate and Mapfre Middlesea outweighed the declines in GO, FIMBank, and Farsons. Meanwhile, four other equities closed unchanged as - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/go2502/) - On 16 April 2025, GO plc published the Annual Report and Financial Statements for the year ended 31 December 2024. Total Group revenue increased by 3.8% to a record of €244.9 million (2023: €235.9 million) reflecting growth across all three reporting segments. Consolidated telecommunication and data centre services climbed 2.3% to €209.7 million, sale of goods - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mlt2501/) - On 17 April 2025, Malita Investments plc announced that its Board of Directors is scheduled to meet on Monday 28 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board of Directors will also consider the declaration of a final dividend. - [Malita investments plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/malita-investments-plc-full-year-results-6/) - [Political u-turns](https://new.rizzofarrugia.com/published-articles/weekly/political-u-turns/) - Despite the title of today’s article, I will not be opining on the current political state of affairs or political u-turns either in Malta or internationally. I will instead continue to cover topics of interest across local and international capital markets. Since the first week of April, international capital markets experienced one of the most - [Daily Review 16.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-04-2025/) - GO and Lombard declare higher dividends The MSE Equity Price Index fell for the seventh consecutive session as it declined by 0.24% to 3,884.694 points. The declines in BOV, HSBC, Mapfre Middlesea, RS2 and Farsons outweighed the gains in GO, Computime, and Trident. Meanwhile, three other equities closed unchanged Download today's Equity Market Summary. GO - [GO plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/go-plc-dividend-payment-date-10/) - [Lombard Bank Malta plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/lombard-bank-malta-plc-dividend-payment-date-5/) - [Lombard Bank Malta plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/lombard-bank-malta-plc-dividend-cut-off-date-4/) - [GO plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/go-plc-dividend-cut-off-date-11/) - [GO plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/go-plc-annual-general-meeting-7/) - [Daily Review 15.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-04-2025/) - MIA experiences double-digit growth in passengers during March The MSE Equity Price Index fell for the sixth consecutive session as it eased by 0.09% to 3,894.163 points as the declines in The Convenience, IHI, and Trident outweighed the gains in HSBC, AX Real Estate and Lombard. Meanwhile, three other equities remained unchanged as today’s trading - [March Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2507/) - On 15 April 2025, Malta International Airport plc announced that passenger movements in March 2025 amounted to 725,134 which is the highest-ever figure achieved in the month of March, exceeding the previous record of March 2024 by 14.4%. MIA also recorded a 17.2% increase in seat capacity when compared to last year. In view of - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2502/) - On 15 April 2025, Grand Harbour Marina plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenues almost doubled to €8.23 million (2023: €4.34 million) reflecting the impact of the one-time €3.75 million long term-berth sale. Excluding the sale, revenue from berthing and ancillary services increased by 3.4% to €4.48 - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mz2502/) - On 11 April 2025, M&Z plc published its Annual Report and Financial Statements for the year ended 31 December 2024. The comparative revenue and operating expenses for 2023 were reclassified to conform with the current year’s presentation format. Revenue remained practically unchanged at just under €30 million as the company maintained a stable performance across a - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/cpt2501/) - On 15 April 2025, Computime Holdings plc announced that its Board of Directors is scheduled to meet on Tuesday 22 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend . - [Computime Holdings plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/computime-holdings-plc-full-year-results/) - [APS Bank plc - Q1 2025 Results](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-q1-2025-results/) - [14.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/14-04-2025/) - MSE Equity Price Index falls to a three-week low The MSE Equity Price Index fell for the fifth consecutive session as it eased by 0.03% to 3,897.644 points as the decline in HSBC outweighed the gain in GO. Meanwhile, six other equities remained unchanged as today’s trading activity amounted to €0.15 million.Download today's Equity Market - [International Hotel Investments plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/ihi25081/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2508/) - On 14 April 2025, International Hotel Investments plc announced that its Board of Directors is scheduled to meet on Tuesday 29 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [Daily Review 11.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-04-2025/) - M&Z improves profits on stable revenue The MSE Equity Price Index fell for the fourth consecutive session as it decreased by 0.28% to reach a fresh two-week low of 3,898.604 points as the declines in AX Real Estate, HSBC, Mapfre Middlesea and MPC outweighed the gains in IHI, MaltaPost and Farsons. Meanwhile, five other equities - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/fim2502/) - On 9 April 2025, FIMBank plc published the Annual Report and Financial Statements for the year ended 31 December 2024. Net interest income decreased by 6.2% to USD51.8 million (2023: USD55.2 million) as the increase in interest income (+USD1.8 million to USD97.3 million) was outweighed by the increase in interest expense (+USD5.2 million to USD45.5 million). - [M&Z plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/mz-plc-dividend-payment-date-6/) - [M&Z plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/mz-plc-dividend-cut-off-date-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2502/) - On 11 April 2025, VBL plc announced that its Board of Directors is scheduled to meet on Thursday 24 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [VBL plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-full-year-results-3/) - [Daily Review 10.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-04-2025/) - Six equities pull MSE Equity Price Index lower The MSE Equity Price Index fell for the third consecutive session as it decreased by 0.58% to reach a two-week low of 3,909.702 points as the declines in BOV, Convenience, IHI, Lombard, Malita and PG outweighed the gain in AX Real Estate. Meanwhile, seven other equities - [Daily Review 09.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-04-2025/) - BOV falls for the second consecutive session The MSE Equity Price Index fell by 0.42% to 3,932.329 points as the declines in APS, BMIT, BOV, and Trident outweighed the gain in Farsons. Meanwhile, three other equities remained unchanged as today’s trading activity amounted to €0.12 million. Download today's Equity Market Summary. Bank of Valletta plc - [The month of April](https://new.rizzofarrugia.com/published-articles/weekly/the-month-of-april/) - During the first week of April, global equity markets experienced a very severe downturn. From 1st April, the day before what President Trump referred to as Liberation Day in view of the imposition of a new tariff policy, until 8th April the S&P 500 index in the US and the Nasdaq plunged by 11.2% and - [FIMBank plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/fimbank-plc-annual-general-meeting-7/) - [Daily Review 08.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-04-2025/) - Five equities drag the local equity price index lower The MSE Equity Price Index fell by 0.41% to 3,949.003 points as the declines in BOV, AX Real Estate, Lombard, MIA, and MaltaPost outweighed the gains in HSBC, MPC, PG, and RS2. Meanwhile, three other equities remained unchanged as today’s trading activity amounted to €0.19 million. - [Grand Harbour Marina plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/grand-harbour-marina-plc-full-year-results-7/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/ghm2501/) - On 8 April 2025, Grand Harbour Marina plc announced that its Board of Directors is scheduled to meet on Tuesday 15 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [MIDI plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/midi-plc-annual-general-meeting-8/) - [Daily Review 07.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-04-2025/) - MSE Equity Price Index snaps 3-day positive streak The MSE Equity Price Index fell by 0.16% to 3,965.368 points as the declines in GO, Harvest, and Malita outweighed the gains in HSBC and Malta Properties. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities totalled €0.12 million. Download today's Equity Market - [AX Real Estate plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-annual-general-meeting-4/) - [Daily Review 04.04.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-04-2024-2/) - MSE Equity Price Index rises to a three-year high The MSE Equity Price Index moved 0.36% higher to an over three-year high of 3,971.752 points driven by gains in PG, BOV, Lombard, M&Z and Malita. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities totalled €0.12 million. Download today's Equity Market - [Potential appointment of Market Maker](https://new.rizzofarrugia.com/malta-market-news/2025/axre2503/) - On 4 April 2025, AX Real Estate plc announced that it is presently evaluating the possibility of appointing a Market Maker as defined by the Capital Market Rules and shall be exploring various options and mechanisms to such effect. The resultant recommendations shall be presented to the Board of Directors of the Company for consideration - [Conditional Voluntary Takeover Bid Results](https://new.rizzofarrugia.com/malta-market-news/2025/hp2503/) - On 4 April 2025, Hili Properties plc announced that it was informed that as at the end of the acceptance period of the Conditional Voluntary Takeover Bid, that 501 acceptance forms were received for a total of 51,749,622 ordinary shares, representing just under 12.91% of the entire issued capital. Hili Ventures Limited informed the Hili - [Daily Review 03.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-04-2025/) - MSE Equity Price Index reaches 15-month high The MSE Equity Price Index moved 0.34% higher to a 15-month high of 3,957.550 points as the gain in BOV outweighed the declines in HSBC and MPC. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities totalled €0.29 million. Download today's Equity Market - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/rs22501/) - On 3 April 2025, RS2 plc announced that its Board of Directors is scheduled to meet on Wednesday 23 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [RS2 plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/rs2-plc-full-year-results-2/) - [Banks dominate the headlines](https://new.rizzofarrugia.com/published-articles/weekly/banks-dominate-the-headlines/) - The banking sector dominated headlines over recent days with various news stories regarding the potential sale of the 70% stake of HSBC Bank Malta plc. A number of news portals that do not normally delve too much into capital market developments, revealed the identities of the other possible bidders apart from APS Bank plc that - [Daily Review 02.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-04-2025/) - BOV share-price reaches fresh 17-year high of €2.10 The MSE Equity Price Index moved 0.39% higher to a one-year high of 3,943.972 points as the gains in six equities outweighed the decline in Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities totalled €0.28 million. Download today's Equity Market Summary. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/plz2501/) - On 2 April 2025, Plaza Centres plc announced that its Board of Directors is scheduled to meet on Wednesday 23 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [Plaza Centres plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/plaza-centres-plc-board-meeting-3/) - [Daily Review 01.04.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-04-2025/) - RS2 share price drops to multi-year low of €0.35 The MSE Equity Price Index moved 0.04% lower to 3,928.488 points as the declines in six equities outweighed the gains in IHI, MIA, MaltaPost, and Farsons. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to around €0.30 million. Download today's - [Daily Review 28.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-03-2025/) - Trading in local equities surges to two-month high The MSE Equity Price Index moved 0.04% lower to 3,929.945 points as the declines in five equities outweighed the gains in another six. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to a two-month high of €0.70 million. Download today's Equity - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/hvr2502/) - On 27 March 2025, Harvest Technology plc published the Annual Report and Financial Statements for the year ended 31 December 2024. Revenue surged by 35.1% to €19.8 million (2023: €14.6 million) driven by an improved performance in the automation hardware. Furthermore, income from sale of goods practically doubled to €9.1 million from €4.8 million in the - [M&Z plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/mz-plc-annual-general-meeting-3/) - [M&Z plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/mz-plc-full-year-results-4/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mz2501/) - On 28 March 2025, M&Z plc announced that its Board of Directors is scheduled to meet on Friday 11 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend to be recommended to the company’s Annual General - [Fitch Upgrades BOV’s Ratings](https://new.rizzofarrugia.com/malta-market-news/2025/bov2503/) - On 28 March 2025, BOV announced that Fitch Ratings has upgraded Bank of Valletta’s Long-Term Issuer Default Rating (IDR) to 'BBB' from 'BBB-' and the Viability Rating (VR) to 'bbb' from 'bbb-'. The rating agency also set the outlook on the Long-Term IDR as Stable. Fitch has also assigned BOV a long-term deposit rating of - [MIDI plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/midi-plc-full-year-results-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/midi2501/) - On 28 March 2025, MIDI plc announced that its Board of Directors is scheduled to meet on Tuesday 29 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a dividend. - [Harvest Technology plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-payment-date-14/) - [Harvest Technology plc - Dividend Cut-Off](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-cut-off/) - [Daily Review 27.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-03-2025/) - Substantial trading across BOV shares The MSE Equity Price Index moved 0.09% higher to 3,931.342 points as the gains in HSBC and MaltaPost outweighed the declines in APS and Malita. Meanwhile, six other equities closed unchanged as today’s trading activity in local equities amounted to €0.54 million. Download today's Equity Market Summary. Bank of Valletta - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/bov2502/) - On 26 March 2025, Bank of Valletta plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. Net interest income increased by 9.6% (or €34 million) to €386 million as gross interest income increased by 8.9% (or €36 million) to €437 million whilst interest expenses increased by 3.8% to €51 - [Liquidity across Malta’s bond market](https://new.rizzofarrugia.com/published-articles/weekly/liquidity-across-maltas-bond-market/) - In an article published in mid-December 2024, I mentioned the consistent growth in the size of the corporate bond market which had increased to €2.8 billion. I will not be going into the merits of whether one should measure the success of Malta’s bond market through the overall growth in issuance as opposed to an - [Daily Review 26.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-03-2025/) - BOV generates record net profit of €200 million, increases dividend The MSE Equity Price Index advanced for the second consecutive session as it rose by 0.58% to reach a one-year high of 3,927.781 points. The gains in BOV, GO, BMIT and PG outweighed the declines in HSBC, IHI, Malita and MaltaPost. Meanwhile, three other equities - [Bank of Valletta plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-annual-general-meeting-6/) - [Bank of Valletta plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-dividend-payment-date-4/) - [Bank of Valletta plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-dividend-cut-off-date-5/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mms2502/) - On 25 March 2025, Mapfre Middlesea published its Annual Report and Financial Statements for the financial year ended 31 December 2024. Net income from insurance and investments amounted to €29.6 million which is 5.8% higher than the €28.0 million reported in the previous year. The company highlighted that in its General Insurance Business premiums written in - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hrv2501/) - On 25 March 2025, Harvest Technology plc announced that its Board of Directors is scheduled to meet on Thursday 27 March 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the recommendation of a final dividend. - [Daily Review 25.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-03-2025/) - Mapfre Middlesea registers higher profits, increases dividend The MSE Equity Price Index snapped a five-day losing streak as it rose by 0.33% to 3,905.159 points. The gains in BOV and Mapfre Middlesea outweighed the declines in APS, BMIT, Malita, and MaltaPost. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted - [Mapfre Middlesea plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-annual-general-meeting-7/) - [Mapfre Middlesea plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-dividend-cut-off-date-5/) - [Mapfre Middlesea plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-dividend-payment-date-4/) - [Update on Information Disclosure](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2504/) - On 25 March 2025, HSBC Bank Malta plc announced that following the Extraordinary General Meeting held on Thursday 13 February 2025 in which shareholders approved a resolution to allow the company to furnish and disclose information in connection with a potential transaction involving its majority shareholder, HSBC Bank Malta plc signed a confidentiality agreement with - [Daily Review 24.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-03-2025/) - MSE Equity Price Index drops for 5th consecutive session The MSE Equity Price Index extended last week’s negative performance as it shed a further 0.22% to 3,892.302 points. The declines in six equities outweighed the gains in IHI and Mapfre Middlesea while four other equities closed unchanged. Today’s trading activity in local equities amounted to - [Daily Review 21.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-03-2025/) - Four equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.10% to the 3,900.848 points as the declines in APS, HSBC, Farsons and M&Z outweighed the gains in BMIT, Malta Properties and the ordinary shares of RS2. Meanwhile, seven other equities closed unchanged as today’s trading activity in local equities - [Lombard Bank Malta plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/lombard-bank-malta-plc-annual-general-meeting-7/) - [Malta Properties Company plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/malta-properties-company-plc-dividend-cut-off-date-8/) - [Malta Properties Company plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/malta-properties-company-plc-dividend-payment-date-6/) - [Daily Review 20.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-03-2025/) - MPC secures new leases for Swatar and Marsa Properties The MSE Equity Price Index fell by 0.26% to the 3,904.883 points as the declines in BMIT, Grand Harbour Marina, HSBC, IHI, and the ordinary shares of RS2 outweighed the gains in Convenience Shop, Malita, M&Z, Lombard and VBL. Meanwhile, two other equities closed unchanged - [Europe outperforming the US](https://new.rizzofarrugia.com/published-articles/weekly/europe-outperforming-the-us/) - In last week’s article I mentioned that during the fourth quarter of last year and in early 2025, the consensus view among most financial analysts was that the US stock market (driven by the continued AI investment theme and boosted by the promised tax cuts and deregulation of the new US President Donald Trump) will - [APS Bank plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-annual-general-meeting-3/) - [Daily Review 18.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-03-2025/) - Varied movements across low volumes The MSE Equity Price Index fell by 0.26% to the 3,914.931 points as the declines in FIMBank, GO, IHI, Malita, Trident and the ordinary shares of RS2 outweighed the gains in AX Real Estate, BMIT, Lombard, Medserv, and MPC. Meanwhile, three other equities closed unchanged. Despite that trading took place - [MedservRegis plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-annual-general-meeting-4/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/mds2501/) - On 18 March 2025, MedservRegis plc announced that its Board of Directors is scheduled to meet on Tuesday 22 April 2024 to considerthe approval of the financial statements for the year ended 31 December 2024. - [MedservRegis plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/medservregis-plc-full-year-results-4/) - [Daily Review 17.03.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-03-2024/) - Subdued trading across local equities persists The MSE Equity Price Index fell by 0.05% to the 3,925.078 points as the declines AX Real Estate, BMIT, and The Convenience outweighed the gain in the preference shares of RS2. Meanwhile, four other equities closed unchanged but overall trading value in local equities was muted amounting to about - [Bond Issue Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2024/ihi2507/) - On 17 March 2025, International Hotel Investments plc (IHI) announced the basis of acceptance and allocation policy in relation to the offer of €35 million 5.30% unsecured bonds redeemable in 2035. In total, IHI received 3,771 applications for a total value of €51.7 million. As a result of the over-subscription, the offer was closed ahead - [Acquisition of hotel assets in Beverly Hills](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2506/) - On 17 March 2025, International Hotel Investments plc announced that a joint-venture company with Action Real Estate Company, in which IHI holds a minority position, acquired two neighbouring hotels in a prime location in Beverly Hills, Los Angeles, in California. In the immediate term, the hotels which offer 100 bedrooms will continue to be operated - [Daily Review 14.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-03-2025/) - Muted activity across four equities The MSE Equity Price Index rose by 0.17% to the 3,927.213 points driven by gains in APS. Meanwhile, three other equities closed unchanged. Trading value in local equities amounted to about €27,000, which is the lowest daily trading amount for this year. Download today's Equity Market Summary. APS Bank plc - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/lom2501/) - On 14 March 2025, Lombard Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 16 April 2025 to approve the financial statements for the year ending 31 December 2024. The Directors will also consider the declaration of a final dividend to be recommended at the upcoming Annual General Meeting, - [Lombard Bank Malta plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/lombard-bank-malta-plc-full-year-results-7/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/aps2502/) - On 13 March 2025, APS Bank plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. Net interest income dropped by 11.0% to €65.5 million (2023: €73.6 million) as higher level of gross interest income (+€9.1 million to €114.7 million) was offset by the surve in interest costs (+€17.1 million - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2024/aps2402/) - On 7 March 2024, APS Bank plc published its Annual Report and Financial Statements for the financial year ended 31 December 2023, which was the first full financial year following the IPO that was concluded in June 2022. Performance Overview Net interest income increased by 13.1% to €73.6 million (2022: €65.1 million) as gross interest income advanced by - [APS Bank plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-dividend-cut-off-date-5/) - [Daily Review 13.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-03-2025/) - APS increases dividend despite dip in profits The MSE Equity Price Index climbed by 0.15% to the 3,920.753 points as the gains in BMIT, GO, Plaza, and VBL outweighed the declines in APS, FIMBank and RS2. Meanwhile, four other equities closed unchanged. Overall trading value amounted to just under €0.10 million. Download today's Equity Market - [Eurozone bond yields jump](https://new.rizzofarrugia.com/published-articles/weekly/eurozone-bond-yields-jump/) - We often encounter the phrase “a week is a long time in politics” highlighting the volatility and unpredictability of politics as unexpected events can lead to dramatic changes in political landscapes in a very short period of time. This phrase is also very apt for the capital markets and last week was testimony to various - [Daily Review 12.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-03-2025/) - BOV share price hits the €2.00 level The MSE Equity Price Index climbed by 0.65% to the 3,914.796 points as the gains in five equities offset the decline in APS. Meanwhile, Malta Properties Company plc closed unchanged at the €0.348 level on trivial volumes. Download today's Equity Market Summary. Bank of Valletta plc was today’s - [Daily Review 11.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-03-2025/) - BMIT reduces dividend despite growth in operating profit The MSE Equity Price Index remained virtually unchanged at 3,889.606 points as the declines in six equities were largely offset by the gains in BOV, GO, HSBC, and Malita. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to €0.15 million. Download today's Equity Market - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2502/) - On 11 March 2025, BMIT Technologies plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenues increased by 17.2% (or €4.9 million) to a record of €33.6 million reflecting the first full year of income amounting to €4.0 million from the management of the mobile network towers purchased from GO - [BMIT Technologies plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-annual-general-meeting-7/) - [BMIT Technologies plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-dividend-cut-off-date-6/) - [Daily Review 10.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-03-2025/) - MIA registers 18% growth in passenger movements in February The MSE Equity Price Index fell by 0.81% to 3,891.087 points as the declines in AX Real Estate, BOV, GO, MIA and the ordinary shares of RS2 outweighed the gains in HSBC and APS. Meanwhile, two other equities closed unchanged as today’s trading activity amounted to - [February Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2506/) - On 10 March 2025, Malta International Airport plc announced that in February 2025 passenger movements reached a new record for February and amounted to 560,553 passenger movements, which is 18.2% higher than the previous record registered in February 2024. Meanwhile, the seat load factor declined to 80.5% compared to 82.5% in February 2024. In this - [Lease of the Silver Horse Building](https://new.rizzofarrugia.com/malta-market-news/2025/vbl2501/) - On 10 March 2025, VBL plc announced that it entered into a long-term lease agreement with Ruby Hotels Ltd for the lease of the Silver Horse Building. Ruby Hotels Ltd is part of the Ruby Group and recently joined forces with InterContinental Hotels Group (IHG), which provides access to IHG’s distribution platforms across the world. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/go2501/) - On 10 March 2025, GO plc announced that its Board of Directors is scheduled to meet on Wednesday 16 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend. - [GO plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/go-plc-full-year-results-5/) - [Daily Review 07.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-03-2025/) - MSE Equity Price Index climbs to one-year high The MSE Equity Price Index rose by 0.41% to a one-year high of 3,922.782 points as the gains in FIMBank, IHI, Medserv, and MaltaPost outweighed the decline in BOV. Meanwhile, two other equities closed unchanged but today’s trading activity in local equities was muted at under €30,000. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/fim2501/) - On 7 March 2025, FIMBank plc announced that its Board of Directors is scheduled to meet on Wednesday 9 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. - [FIMBank plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/fimbank-plc-full-year-results-5/) - [Daily Review 06.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-03-2025/) - Farsons falls to four-year low The MSE Equity Price Index rose by 0.14% to 3,906.935 points as the gains in BMIT, GO, Lombard, Medserv, Mapfre Middlesea, Malta Properties and PG outweighed the declines in HSBC, IHI, Farsons and VBL. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to - [Early Closure of Bond Offer Period](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2505/) - On 6 March 2025, International Hotel Investments plc announced that the recent offer of €35 million 5.30% unsecured bonds 2035 will be closed ahead of schedule on 7 March 2025 at 12:00 hours. As a result, the Intermediaries Offer scheduled for 21 March 2025 will not take place. The company stated that it will be - [MIA accelerates investment programme](https://new.rizzofarrugia.com/published-articles/weekly/mia-accelerates-investment-programme/) - Following the 16 January announcement by Malta International Airport plc (MIA) with respect to the traffic results for 2024 and the guidance on traffic expectations and financial targets for 2025, the investing public should not have been too anxious ahead of the publication of the 2024 annual financial statements last week. The airport operator revealed - [Daily Review 05.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-03-2025/) - Four equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.26% to 3,901.556 points as the declines in APS, Grand Harbour Marina, MaltaPost, and Farsons outweighed the gain in the preference shares of RS2. Download today's Equity Market Summary. Bank of Valletta plc traded flat at the €1.97 level as - [Daily Review 04.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-03-2025/) - BOV share price climbs to fresh seven-year high The MSE Equity Price Index fell by 0.15% to 3,911.898 points as the declines in seven equities outweighed the gain in BOV. Meanwhile, five equities closed unchanged as today’s trading activity in local equities amounted to €0.26 million. Download today's Equity Market Summary. Bank of Valletta plc - [Bank of Valletta plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-full-year-results-6/) - [Details of New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2503/) - On 24 February 2025, International Hotel Investments plc published a Prospectus in relation to a new €35 million bond issue maturing in 2035. The salient features of the new bonds are as follows: Coupon: 5.30% Amount Offered: €35 million Issue Price: 100% (par) Interest Payment Date: Annually on 1 April (with the first interest payment date being 1 - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/bov2501/) - On 4 March 2025, Bank of Valletta plc announced that its Board of Directors is scheduled to meet on Wednesday 26 March 2025 to consider the approval of the financial statements for the year ending 31 December 2024. The Directors will also consider the declaration of a final dividend. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/tsch2501/) - On 28 February 2025, The Convenience Shop (Holding) plc announced that its Board of Directors is scheduled to meet on Monday 28 April 2025 to consider the approval of the financial statements for the year ending 31 December 2024. The Directors will also consider the declaration of a final dividend. - [Launch of Conditional Voluntary Public Takeover Offer](https://new.rizzofarrugia.com/malta-market-news/2025/hp2502/) - On 21 February 2025, Hili Ventures Limited (the “Offeror”), the largest shareholder of Hili Properties plc (the “Company”) holding 74.83% of the issued share capital of the Company, announced the launch of a Conditional Voluntary Public Takeover Offer (the “Offer”) for the acquisition of all the issued share capital of Hili Properties plc. The following - [The Convenience Shop (Holding) plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/the-convenience-shop-holding-plc-full-year-results-2/) - [Daily Review 03.03.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-03-2025/) - MSE Equity Price Index climbs to a one-week high The MSE Equity Price Index rose by 0.06% to a one-week high of 3,917.714 points as the gains in Mapfre Middlesea, PG and Malta Properties outweighed the declines in APS, BOV and MaltaPost. Meanwhile, six equities closed unchanged as today’s trading activity in local equities amounted - [Daily Review 28.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-02-2025/) - Muted activity across local equities The MSE Equity Price Index remained practically unchanged at 3,915.439 points as the gain in BOV was largely offset by the decline in HSBC. Meanwhile, three equities closed unchanged as today’s trading activity in local equities was lacklustre at just €0.10 million. Download today's Equity Market Summary. Bank of Valletta - [Results of MGS Issue](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2504/) - On 21 February 2025, the Treasury Department announced that it received applications totalling around €602 million (nominal) for the two new Malta Government Stocks. The Treasury had offered a total of €300 million (nominal), with the option of increasing the aggregate amount by a maximum amount of a further €150 million (nominal). The Treasury exercised - [Daily Review 27.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-02-2025/) - BOV and HSBC push MSE Equity Price Index higher The MSE Equity Price Index rose by 0.12% to 3,913.537 points as the gains in BOV and HSBC outweighed the decline in APS. Meanwhile, five equities closed unchanged as today’s trading activity in local equities amounted to €0.11 million. Download today's Equity Market Summary. Bank of - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/axre2502/) - On 24 February 2025, AX Real Estate plc published its Annual Report and Financial Statements for the year ended 31 October 2024. Revenue surged by 65% to €19.4 million (FY2022/23: €11.8 million) driven by the first full-year of income from the Group’s largest property, AX ODYCY Hotel, which had opened in May 2023. Furthermore, the AX - [AX Real Estate plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-dividend-payment-date-6/) - [AX Real Estate plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-dividend-cut-off-date-5/) - [Malta Properties Company plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/malta-properties-company-plc-board-meeting-2/) - [BMIT Technologies plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/bmit-technologies-plc-full-year-results-6/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mpc2501/) - On 27 February 2025, Malta Properties Company plc announced that its Board of Directors is scheduled to meet on Thursday 20 March 2025 to consider the approval of financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a final dividend - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/bmit2501/) - On 27 February 2025, BMIT Technologies plc announced that its Board of Directors is scheduled to meet on Tuesday 11 March 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend. - [HSBC kicks-off earnings season](https://new.rizzofarrugia.com/published-articles/weekly/hsbc-kicks-off-earnings-season/) - The annual reporting season commenced in Malta last week with the publication of the financial statements of HSBC Bank Malta plc. Given the record interim financial performance for the first six months of the year announced last August as well as the publication of the details of the Q3 performance later in the year, it - [Daily Review 26.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-02-2025/) - Multiple equities trade on low volumes The MSE Equity Price Index remained virtually unchanged at 3,908.733 points as the declines in BMIT, BOV, FIMBank, MaltaPost, and MPC offset the gains in GO, Convenience, IHI, Medserv, and Malita. Meanwhile, four other equities closed unchanged. Despite activity in fourteen equities, today’s trading activity amounted to just - [Daily Review 25.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-02-2025/) - AX Real Estate operating profit climbs on full-year income from AX ODYCY The MSE Equity Price Index fell by 0.26% to 3,910.013 points as the declines eight equities outweighed the gains in another six equities. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.22 million. Download today's - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2505/) - On 24 February 2025, Malta International Airport plc published its Annual Report & Financial Statements for the year ended 31 December 2024. Revenue surged by 19% to a record of €142.9 million compared to the previous record of €120.2 million in 2023. Both main operating segments registered higher income with the ‘Airport’ segment increasing by 20% - [Daily Review 24.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-02-2025/) - MIA launches €345m investment plan following record results The MSE Equity Price Index rose by 0.95% to reach an almost two-month high of 3,920.365 points as the gains in AX Real Estate, BOV, HSBC, and MIA outweighed the declines in APS and Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity in - [Malta International Airport plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-annual-general-meeting-6/) - [Malta International Airport plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-dividend-payment-date-6/) - [Malta International Airport plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-dividend-cut-off-date-8/) - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2504/) - On 24 February 2025, International Hotel Investments plc published an updated Financial Analysis Summary including forecasts for the financial year ended 31 December 2024 and projections the year ending 31 December 2025. The following are the main highlights of the expected financial performance and position of IHI: In FY2024, revenue is expected to have risen by - [Daily Review 21.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-02-2025/) - GO share price hits two-month high of €2.70 The MSE Equity Price Index rose by 0.58% to a six-month high of 3,883.521 points driven by the gains in GO, IHI, and AX Real Estate. Meanwhile, nine other equities closed unchanged as today’s trading activity in local equities amounted to €0.27 million. Download today's Equity Market - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/axre2501/) - On 21 February 2025, AX Real Estate plc announced that its Board of Directors is scheduled to meet on Monday 24 February 2024 to consider the approval of the financial statements for the year ended 31 October 2024. - [AX Real Estate plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/ax-real-estate-plc-full-year-results-3/) - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2503/) - On 19 February 2025, HSBC Bank Malta plc published its Annual Report for the financial year ended 31 December 2024. Net interest income increased by 5.2% to €206.1 million (2023: €195.8 million) as the 8.5% (or €18.2 million) increase in gross interest income to €232.1 million outweighed the higher level of interest costs which surged by - [Daily Review 20.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-02-2025/) - BOV share price climbs to 7-year high of €1.90 The MSE Equity Price Index rose by 0.90% to 3,861.063 points as the gains in APS, BOV, and GO outweighed the declines in MIA and the ordinary shares of RS2. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.27 - [Mixed use project in Dubai](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2502/) - On 20 February 2025, International Hotel Investments plc announced that its hotel operating arm Corinthia Hotels Limited and project management firm QP Limited have respectively signed contracts relating to a landmark mixed use 102-storey project to be developed on Dubai’s main thoroughfare. The project is at an advanced design stage and comprises two linked towers - [APS Bank plc- Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/aps-bank-plc-full-year-results-3/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/aps2501/) - On 20 February 2025, APS Bank plc announced that its Board of Directors is scheduled to meet on Thursday 13 March 2025 to consider the approval of the financial statements for the financial year ended 31 December 2024. The Directors will also consider the declaration of a dividend, subject to regulatory approval. - [Daily Review 19.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-02-2025/) - HSBC Malta generates record net profits of €100 million in 2024 The MSE Equity Price Index rose by 0.16% to 3,826.774 points as the gains in HSBC, BOV, Lombard, and Malta Properties outweighed the declines in APS, IHI, MIA and Trident. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities - [Short-term yields approach 2-year low](https://new.rizzofarrugia.com/published-articles/weekly/short-term-yields-approach-2-year-low/) - There was an evident change in investment appetite by retail and corporate investors in Malta for short-term financial market instruments following the surge in interest rates within the euro area since the second half of 2022 compared to the previous decade of much lower yields. With most of the local retail banks offering very low - [HSBC Bank Malta plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-dividend-payment-date-9/) - [HSBC Bank Malta plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-dividend-cut-off-date-9/) - [Conditional Voluntary Public Takeover Bid](https://new.rizzofarrugia.com/malta-market-news/2025/hp2501/) - On 18 February 2025, Hili Properties plc announced that is has been informed by the company’s largest shareholder, Hili Ventures Limited, of its intention to launch a conditional voluntary public takeover bid for the acquisition of all the issued share capital of the company, in accordance with Chapter 11 of the Capital Markets Rules. Following - [Daily Review 18.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-02-2025/) - MSE Equity Price Index reverses some of yesterday’s gains The MSE Equity Price Index fell by 0.14% to 3,820.555 points as the declines in HSBC, Lombard, Malta Properties and Mapfre Middlesea outweighed the gains in APS, M&Z and VBL. Meanwhile, seven other equities closed unchanged as today’s trading activity in local equities amounted to €0.16 - [Daily Review 17.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-02-2025/) - MSE Equity Price Index climbs to 3-month high The MSE Equity Price Index rose by 1.0% to reach a three-month high of 3,826.072 points as the gains in APS, GO, HSBC, MIA and the ordinary shares of RS2 outweighed the declines in BMIT and VBL. Meanwhile, eight other equities closed unchanged as today’s trading - [Daily Review 14.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-02-2025/) - BOV climbs to an over 7-year high of €1.80 The MSE Equity Price Index fell by 0.20% to 3,787.966 points as the declines in APS, Lombard and VBL outweighed the gains in BOV, Harvest, and The Convenience. Meanwhile, five other equities closed unchanged as today’s trading activity across local equities amounted to €0.13 million. Download - [Malta International Airport plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/malta-international-airport-plc-full-year-results-5/) - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/mia2504/) - On 14 February 2025, Malta International Airport plc announced that its Board of Directors is scheduled to meet on Monday 24 February 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a dividend. - [Daily Review 13.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-02-2025/) - Declines in six equities outweigh gains in BOV and HSBC The MSE Equity Price Index fell by 0.24% to 3,795.634 points as the declines in GO, Hili Properties, Harvest, MIDI, MPC, and RS2 outweighed the gains in BOV and HSBC. Meanwhile, five other equities closed unchanged as today’s trading activity across local equities amounted to - [Pricing of New MGS Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2503/) - On 13 February 2025, the Treasury Department established the prices for the two new Malta Government Stocks as follows: (i) 3.00% MGS 2030 (IV) at 101.00% for every €100 nominal giving a yield-to-maturity of 2.8082% per annum; and (ii) 3.50% MGS 2035 (III) at 100.50% for every €100 nominal giving a yield-to-maturity of 3.4438% per annum. The General Public has the possibility of applying for these stocks in - [January Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2025/mia2503/) - On 12 February 2025, Malta International Airport plc published the January 2025 traffic results. Passenger movements reached a new record for January and amounted to 507,574 passenger movements, which is 9.0% higher than the previous record registered in January 2024. Meanwhile, the seat load factor for January 2025 declined marginally to 73.8% compared to 74.0% - [AI spending takes centre stage](https://new.rizzofarrugia.com/published-articles/weekly/ai-spending-takes-centre-stage/) - The financial reporting season in the United States is well underway and since most of the largest companies are heavily involved in the technology sector, investors were eager to assess whether and to what extent these companies are benefiting from the surge in interest for Artificial Intelligence (AI). In particular, since multiple companies had already - [Daily Review 12.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-02-2025/) - Local bank equities rebound from yesterday’s drop The MSE Equity Price Index advanced by 0.78% to 3,804.632 points as the gains in APS, BOV, HSBC, and Malita outweighed the decline in IHI. Meanwhile, three other equities closed unchanged. Download today's Equity Market Summary. HSBC Bank Malta plc climbed 2.9% to a one-month high of €1.44 - [Application for a New Bond Issue](https://new.rizzofarrugia.com/malta-market-news/2025/ihi2501/) - On 12 February 2025, International Hotel Investments plc announced that it has filed an application with the Malta Financial Services Authority requesting admissibility to listing of €35 million 5.30% unsecured bonds maturing in 2035. The company explained that the new bonds will part-finance the redemption of the €45 million 5.75% unsecured bonds maturing on 13 - [Daily Review 11.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-02-2025/) - Share prices of major local banks drift lower The MSE Equity Price Index fell by 0.4% to a one-week low of 3,775.040 points as the declines in APS, BOV, and HSBC outweighed the gain in The Convenience. Meanwhile, two other equities closed unchanged. Download today's Equity Market Summary. HSBC Bank Malta plc was today’s most - [Daily Review 07.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-02-2025/) - MSE Equity Price Index drifts lower but ends week in positive territory The MSE Equity Price Index fell by 0.26% to 3,790.101 points as the declines in APS, MIA, and Lombard outweighed the gain in Farsons. Meanwhile, five other equities closed unchanged. Nonetheless, the MSE Equity Price Index moved higher for the second consecutive - [ECB committed to monetary policy easing](https://new.rizzofarrugia.com/published-articles/weekly/ecb-committed-to-monetary-policy-easing/) - The past three years brought significant shifts in the monetary policy set by major central banks as the post-pandemic economic revival combined with supply chain disruptions and geopolitical conflict in eastern Europe translated into a surge in inflation. In 2022, the US Federal Reserve, the Bank of England, and the European Central Bank (ECB) raised - [Daily Review 06.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-02-2025/) - Four equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.16% to 3,800.022 points as the declines in BOV, IHI, Malita and Santumas outweighed the gain in BMIT. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.17 million. Download today's Equity Market - [Daily Review 05.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-02-2025/) - MSE Equity Price Index registers four-day positive streak The MSE Equity Price Index rose by 0.54% to an over two-month high of 3,806.196 points as the gains in BOV, Computime, HSBC, and PG outweighed the declines in APS and FIMBank. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to - [Daily Review 04.02.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-02-2025/) - APS climbs to an over 1-year high The MSE Equity Price Index increased for the third consecutive session as it rose by 0.16% to 3,785.946 points as the gains in APS, BMIT and Hili Properties outweighed the declines in BOV and PG. Meanwhile, seven other equities remained unchanged as today’s total trading value in local - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2502/) - On 4 February 2025, HSBC Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 19 February 2025 to consider the approval of the audited financial statements for the financial year ended 31 December 2024. The Directors will also consider the declaration of a final dividend to be recommended to - [HSBC Bank Malta plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-annual-general-meeting-7/) - [HSBC Bank Malta plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-full-year-results-4/) - [Daily Review 03.02.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-02-2024/) - MSE Equity Price Index climbs to over one-month high The MSE Equity Price Index rose by 0.55% to 3,779.815 points, the highest level since 18 December 2024. The gains in BOV, GO, IHI, MaltaPost and Mapfre Middlesea outweighed the declines in HSBC, Medserv, PG, Farsons and the ordinary shares in RS2, while three other equities - [Daily Review 31.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-31-01-2025/) - BOV share price reaches 2-month high The MSE Equity Price Index rose by 0.8% to 3,759.187 points driven by the gains in BOV, MIA, Lombard, Mapfre Middlesea, and MPC. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.43 million. Download today's Equity Market Summary. Bank of Valletta - [New Stock Issues](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2502/) - On 31 January 2025, the Treasury Department informed financial market participants about the upcoming issue of two new Malta Government Stocks for an aggregate nominal amount of €300 million subject to an over-allotment option of up to a further €150 million. The two new fixed-rate stocks are: The 3.00% MGS 2030 (IV) The 3.50% MGS - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/mms2501/) - On 31 January 2025, Mapfre Middlesea plc announced that its Board of Directors is scheduled to meet on Tuesday 25 March 2025 to consider the approval of the audited financial statements for the financial year ended 31 December 2024. The Directors will also consider the recommendation of a dividend. - [Mapfre Middlesea plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/mapfre-middlesea-plc-full-year-results-5/) - [Daily Review 30.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-01-2025/) - Gains in BOV, HSBC & APS offset declines in seven equities The MSE Equity Price Index remained relatively at 3,729.510 points as the gains in APS, BOV, HSBC and Trident outweighed the declines in Hili Properties, IHI, Lombard, MIDI, MIA, M&Z, and Farsons. Meanwhile two other equities closed unchanged as today’s trading activity in local - [Share buybacks and Issuer Market Making](https://new.rizzofarrugia.com/published-articles/weekly/share-buybacks-and-issuer-market-making/) - In last week’s article I gave prominence to the important announcement by Malta International Airport plc of 16 January in which they disclosed that during its upcoming Annual General Meeting in May, it will be proposing a share buyback programme of 1.353 million shares (equivalent to 1% of the total issued share capital) effective as - [Daily Review 29.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-01-2025/) - Mixed movements on low trading amounts The MSE Equity Price Index fell by 0.29% to 3,729.029 points as the declines in BOV, Lombard, Malita, and PG outweighed the gains in APS, GO, HSBC and MPC. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities amounted to €0.15 million. Download today's Equity - [2025 Annual Borrowing Plan](https://new.rizzofarrugia.com/malta-market-news/2025/mgs2501/) - On 28 January 2025, the Treasury Department announced that the amount of issuance of Malta Government Stocks (MGS) during 2025 will not exceed €1.5 billion. The funds raised will be principally used to finance the estimated Government deficit of €850 million and the redemption of two MGS issues, an EU Loan, and the 62+ Malta - [Daily Review 28.01.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-01-2024/) - BOV pushes the MSE Equity Price Index higher The MSE Equity Price Index rose by 0.31% to 3,740.030 points as the gains in BOV outweighed the declines in Computime, Hili Properties, and Trident. Meanwhile, seven other equities closed unchanged. Dwonload today's Equity Market Summary. Bank of Valletta plc was the most actively traded equity - [MREL Loan](https://new.rizzofarrugia.com/malta-market-news/2025/hsbc2410/) - On 28 January 2025, HSBC Bank Malta plc announced that it entered into a 3-year unsecured €60 million loan agreement with its parent company HSBC Continental Europe to meet the minimum requirement for own funds and eligible liabilities (‘MREL’) as set by the Single Resolution Board. The loan has an option of early repayment as from the - [Daily Review 27.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-01-2025/) - BOV dominates trading activity The MSE Equity Price Index fell by 0.17% to 3,728.576 points as the declines in BOV, GO, Mapfre Middlesea and MaltaPost outweighed the gain in MIA. Meanwhile, five other equities closed unchanged as today’s total trading activity in local equities amounted to €0.13 million. Download today's Equity Market Summary. Bank - [Daily Review 24.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-24-01-2025/) - MSE Equity Price Index snaps 4-day losing streak The MSE Equity Price Index rose by 0.70% to 3,735.002 points as the gains APS, HSBC, IHI, Mapfre Middlesea, PG and the ordinary shares of RS2 outweighed the declines in MIA and Trident. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted - [Daily Review 23.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-01-2025/) - RS2 ordinary shares drop to 10-year low The MSE Equity Price Index fell by 0.74% to 3,708.897 points reflecting the declines in the ordinary and preference shares of RS2, HSBC, and IHI. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to €0.09 million. Download today's Equity Market Summary. - [MIA to propose share buyback](https://new.rizzofarrugia.com/published-articles/weekly/mia-to-propose-share-buyback/) - Last Thursday, Malta International Airport plc held its customary press conference at the start of the year to disclose its traffic results for the previous year and also to provide guidance on the traffic expectations and financial targets for the current year. Given the regular communication from the company on a monthly basis with respect - [Daily Review 22.01.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-01-2024/) - Three equities drag the MSE Equity Price Index lower The MSE Equity Price Index fell by 0.32% to 3,736.475 points reflecting the declines in APS, BOV, and M&Z. Meanwhile, four other equities closed unchanged as today’s total trading activity in local equities amounted to €0.14 million. Download today's Equity Market Summary. APS Bank plc was - [Daily Review 21.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-01-2025/) - Most equities close unchanged The MSE Equity Price Index eased by 0.10% to 3,748.622 points as the declines in PG and Mapfre Middlesea outweighed the gains in GO and Simonds Farsons Cisk. Meanwhile, six other equities closed unchanged as today’s total trading activity in local equities amounted to €0.1 million. Download today's Equity Market Summary. - [Daily Review 20.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-01-2025/) - GO share price drops to new 10-year low The MSE Equity Price Index fell by 0.29% to 3,752.432 points as the declines in APS, BMIT, GO, Hili Properties, IHI, and MIA outweighed the gain in BOV. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to €0.32 million. Download - [Bright skies ahead for MIA](https://new.rizzofarrugia.com/published-articles/weekly/bright-skies-ahead-for-mia/) - Earlier this week, Malta International Airport plc published its monthly traffic results showing a growth rate of 10.4% in September. This was largely expected given the equally strong upturn in recent months especially in the peak summer period with 12% growth in both July and August. The publication of the September figures earlier this week - [Daily Review 17.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-01-2025/) - MIA share price jumps 10% on strong volumes The MSE Equity Price Index advanced by just over 1% to 3,763.456 points largely driven by the surge in MIA. BOV and HSBC also closed the session higher while four equities registered declines. Meanwhile, five other equities closed unchanged. Today’s total trading activity in local equities - [Daily Review 16.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-01-2025/) - MIA expects record profits in 2025, recommends share buyback The MSE Equity Price Index advanced by 0.25% to 3,725.133 points as the gains in APS, HSBC, IHI and the preference shares of RS2 outweighed the declines in BMIT, BOV and M&Z. Meanwhile, seven other equities closed unchanged. Today’s total trading activity in local equities - [December Traffic Results & 2025 Forecasts](https://new.rizzofarrugia.com/malta-market-news/2025/mia2502/) - On 16 January 2025, Malta International Airport plc published the December 2024 traffic results and provided key performance targets for 2025. December 2024 Traffic Results In December, MIA welcomed a record monthly record of 591,539 passengers, which is 11.8% higher than the movements handled in the same month in 2023. Consequently, all monthly passenger movements - [Proposal for a Share Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2025/mia2501/) - On 16 January 2025, Malta International Airport plc announced that the Board of Directors has resolved to recommend to shareholders at the forthcoming Annual General Meeting (AGM) a proposal for the Company to put in place a share buyback programme. The Company explained that the proposal will include a minimum purchase price per share of - [Sharp surge in sovereign bond yields](https://new.rizzofarrugia.com/published-articles/weekly/sharp-surge-in-sovereign-bond-yields/) - Movements in sovereign bond yields across major economies have been particularly substantial in the last few weeks, especially for longer-dated securities. Since the direction of the yield is inversely related to the price of bonds, this means that bond prices dropped, with the sharper movements occurring on instruments having a higher duration. Various financial media - [Daily Review 15.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-01-2025/) - Seven equities drag the MSE Equity Price Index lower The MSE Equity Price Index shed 0.44% to 3,715.691 points reflecting the declines in seven equities. LifeStar Holdings plc climbed to the €0.975 level on trivial volumes while five other equities closed unchanged. Today’s total trading activity in local equities amounted to €0.20 million. Download - [Change of use of Qormi Site](https://new.rizzofarrugia.com/malta-market-news/2025/pg2501/) - On 15 January 2025, PG plc announced that in relation to the land acquired in 2022 in the limits of Qormi, in close proximity to the PAVI Shopping Complex, the company’s subsidiary which purchased the site entered into a Deed of Modification with the Lands Authority, representing the Government of Malta, as a result of - [Daily Review 14.01.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-01-2024/) - Robust trading across BOV shares The MSE Equity Price Index remained practically unchanged at 3,732.064 points as the positive performance of five equities was offset by the declines of another four. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to €0.51 million. Download today's Equity Market Summary. - [Daily Review 13.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-01-2025/) - Most equities unchanged amid lacklustre trading The MSE Equity Price Index eased by 0.14% to 3,731.553 points reflecting the declines in GO and PG. Meanwhile, seven other equities closed unchanged as today’s total trading activity in local equities was muted at under €80,000. Download today's Equity Market Summary. Malta International Airport plc traded flat - [Daily Review 10.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-01-2025/) - GO dominates trading activity The MSE Equity Price Index fell by 0.66% to 3,736.886 points as the declines in six equities outweighed the gains in GO and the ordinary shares of RS2. Meanwhile, four other equities closed unchanged as today’s total trading activity in local equities amounted to €0.27 million. Download today's Equity Market Summary. - [Daily Review 09.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-01-2025/) - Declines in seven equities outweigh gains in BOV and MIA The MSE Equity Price Index fell by 0.09% to 3,761.777 points as the declines in seven equities outweighed the gains in BOV and MIA. Meanwhile, four other equities closed unchanged as today’s total trading activity in local equities amounted to €0.21 million. Download today's - [US debt climbs to a new record](https://new.rizzofarrugia.com/published-articles/weekly/us-debt-climbs-to-a-new-record/) - The United States national debt ceiling was reached in the first week of 2025 as the outstanding debt in the world’s largest economy reached a new record of USD36.1 trillion. The debt ceiling in the US is a limit set by the US Congress on the amount of money that the government is allowed to - [Daily Review 08.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-01-2025/) - Thin volumes across 12 equities The MSE Equity Price Index gained 0.28% to 3,765.056 points as the gains in PG, Trident, AX Real Estate and The Convenience outweighed the declines in Lombard and Harvest. Meanwhile, six equities closed unchanged, but trading activity was muted at around €70,000. Download today's Equity Market Summary. PG plc moved - [Daily Review 07.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-01-2025/) - Four equities push MSE Equity Price Index higher The MSE Equity Price Index recovered most of yesterday’s losses as it rose by 1.28% to 3,754.615 points as the gains in APS, BMIT, IHI, and MIA outweighed the decline in Grand Harbor Marina. Meanwhile, five equities closed unchanged as today’s total trading activity in local equities - [Daily Review 06.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-01-2025/) - MSE Equity Price Index falls to 5-month low The MSE Equity Price Index slumped by 1.36% to a five-month low of 3,707.014 points as the declines in eight equities outweighed the gain in Mapfre Middlesea. Meanwhile, two other equities closed unchanged but trading activity in local equities was muted at just under €70,000. Download - [Daily Review 03.01.2025](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-01-2025/) - S&P Global raises BOV’s credit rating The MSE Equity Price Index fell by 0.23% to 3,757.951 points as the declines in Farsons, HSBC and The Convenience outweighed the gains in AX Real Estate, Lombard and RS2. Meanwhile, eight other equities closed unchanged as today’s total trading activity in local equities amounted to €0.12 million. - [The need of a corporate calendar](https://new.rizzofarrugia.com/published-articles/weekly/the-need-of-a-corporate-calendar/) - As we look ahead to the new year, the financial markets will soon be dominated by the annual financial reporting period for companies who also have their financial year ending in December, as well as other quarterly reports by companies with a different year-end to their financial statements. If one looks at the corporate websites - [Daily Review 30.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-12-2024/) - MSE Equity Price Index drops 4.9% in 2024 The MSE Equity Price Index rose by 0.34% to close the year at 3,766.703 points. The Index declined by 4.9% this year. Trading on the Malta Stock Exchange resumes on Friday 3 January 2025. Download today's Equity Market Summary. Today’s most actively traded equity was Bank - [Daily Review 27.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-12-2024/) - GHM climbs to one-year high on healthy volumes The MSE Equity Price Index shed 0.35% to 3,754.1123 points as the declines in six equities outweighed the gains in PG and Grand Harbour Marina. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.15 million. Download today's Equity Market Summary. - [Daily Review 23.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-23-12-2024-2/) - Six equities push MSE Equity Price Index higher The MSE Equity Price Index rose by 0.48% to 3,767.150 points as the gains in AX Real Estate, BMIT, BOV, GO, Malita, and Farsons outweighed the decline in IHI. Meanwhile three other equities closed unchanged but trading activity in local equities was muted at under €40,000. - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2024/sts2404/) - On 23 December 2024, Santumas Shareholdings plc published its interim financial statements for the six-month period ended 31 October 2024. Investment income rose to a record (at the interim stage) €0.53 million compared to the €0.19 million figure generated in the comparable period last year driven by the higher income from dividends and concession rights. - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2024/shm2401/) - On 20 December 2024, Shoreline Mall plc published an updated Financial Analysis Summary, including forecasts for the current financial year ending 30 June 2025 and projections the following year ending 30 June 2026. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc: In FY2024/25, revenue is expected to fall - [Daily Review 20.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-12-2024/) - MaltaPost increases dividend by 20% following record profits The MSE Equity Price Index recovered some of yesterday’s losses as it rebounded by 1.1% to 3,748.966 points as the gains in Hili Properties, Harvest, HSBC, MIA and Farsons outweighed the decline in BOV. Meanwhile two other equities closed unchanged as today’s trading activity in local equities - [Full-Year Results](https://new.rizzofarrugia.com/malta-market-news/2024/mtp2404/) - On 19 December 2024, MaltaPost plc published its Annual Report and Financial Statements for the financial year ended 30 September 2024. Revenues increased by 1.3% to €40.1 million as the 4.1% increase in local revenues to €19.8 million outweighed the 1.2% reduction in international cross-border postal sales to €20.3 million. Postal revenues remained the predominant source - [MaltaPost plc - Annual General Meeting](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-annual-general-meeting-7/) - [MaltaPost plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-payment-date-5/) - [MaltaPost plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-dividend-cut-off-date-7/) - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2024/pg2408/) - On 19 December 2024, PG plc published its interim financial results for the six-month period ended 31 October 2024. Revenue marginally increased by 0.5% to €96.7 million (H1 2023/24: €96.2 million) as the higher turnover generated from ‘Franchise Operations’ (+9.8% to €17.0 million) outweighed the decline in revenue from ‘Supermarkets & Associated Retail Operations’ (-1.3% to - [Daily Review 19.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-12-2024/) - MSE Equity Price Index falls to a five-month low The MSE Equity Price Index fell by 1.9% to a five-week low of 3,708.531 points as the declines in nine equities outweighed the gains in Malta Properties. Meanwhile, two other equities close unchanged as today’s trading activity across local equities was muted at around €65,000. - [Developments within Malta’s telecom sector](https://new.rizzofarrugia.com/published-articles/weekly/developments-within-maltas-telecom-sector/) - The recent acquisition of Melita Limited by Goldman Sachs Alternatives, the private equity arm of a very large and prominent bank in the US, was widely reported across the media over recent weeks. Although this transaction does not directly impact the local capital market since the shares of Melita are not listed on the Malta - [Daily Review 18.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-12-2024/) - BOV & GO push the MSE Equity Price Index higher The MSE Equity Price Index extended gains by a further 0.18% to a near two-week high of 3,781.551 points reflecting the gains in BOV and GO. Meanwhile, another four equities closed unchanged as today’s trading activity was under €70,000. Download today's Equity Market Summary. Bank - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2024/sts2403/) - On 18 December 2024, Santumas Shareholdings plc announced that its Board of Directors is scheduled to meet on Monday 23 December 2024 to consider the approval of the interim financial statements for the six-month period ended 31 October 2024. - [Santumas Shareholdings plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/santumas-shareholdings-plc-interim-results-4/) - [HSBC Bank Malta plc - Extraordinary General Meeting](https://new.rizzofarrugia.com/upcoming-events/hsbc-bank-malta-plc-extraordinary-general-meeting/) - [Extraordinary General Meeting](https://new.rizzofarrugia.com/malta-market-news/2024/hsbc2409/) - On 18 December 2024, HSBC Bank Malta plc announced that it will hold an Extraordinary General Meeting on Thursday 13 February 2025 for shareholders to consider a resolution to allow the company to furnish and disclose information in connection with a potential transaction involving its majority shareholder. - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-59/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-58/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-57/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-56/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-55/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-54/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-53/) - [European Central Bank – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/european-central-bank-monetary-policy-meeting-52/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-58/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-56/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-55/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-53/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-51/) - [US Federal Reserve – Monetary Policy Meeting](https://new.rizzofarrugia.com/upcoming-events/us-federal-reserve-monetary-policy-meeting-50/) - [Daily Review 17.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-17-12-2024/) - Varied movements across 13 equities The MSE Equity Price Index increased by 0.26% to 3,774.897 points as the gains in APS, Hili Properties, HSBC, MIA, Mapfre Middlesea, Main Street Complex and Trident outweighed the declines in BOV, Grand Harbour Marina and Malita. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.12 - [Updated Financial Analysis Summary](https://new.rizzofarrugia.com/malta-market-news/2024/izi2401/) - On 17 December 2024, IZI Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of IZI Finance plc for the current financial year ending 30 June 2025: Revenue is expected to increase by 9.8% to €95.6 million (FY2023/24: €87.1 million) mostly attributed to the improved - [Daily Review 16.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-16-12-2024/) - MSE Equity Price Index moves higher on subdued activity The MSE Equity Price Index increased by 0.45% to 3,765.163 points as the gains in BOV, IHI, and HSBC outweighed the declines in Lombard and APS. Meanwhile, five other equities closed unchanged but overall trading value amounted to under €0.10 million. Download today's Equity Market - [Daily Review 12.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-12-2024/) - Minimal trading volumes in local equities The MSE Equity Price Index increased by 0.10% to 3,748.267 points as the gains in APS and the ordinary shares of RS2 outweighed the decline in BOV. Meanwhile, two other equities closed unchanged as today’s trading activity in local equities was muted at just under €57,000. Download today's - [Bond redemptions in 2025](https://new.rizzofarrugia.com/published-articles/weekly/bond-redemptions-in-2025/) - Malta’s bond market has grown remarkably over recent years indicating both the important role of the capital market as a complementary means of finance for many companies as well as the over-riding preference for fixed-income securities by the local investor community. During 2024, the total amount of corporate bonds that would have been issued on - [Daily Review 11.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-12-2024/) - Passenger movements at MIA surge 19% in November The MSE Equity Price Index declined by 0.13% to 3,744.451 points as the declines in Hili Properties and Medserv outweighed the gain in Harvest. Meanwhile, five other equities closed unchanged. Download today's Equity Market Summary. Malta International Airport plc closed unchanged at the €5.85 level over - [November Traffic Results](https://new.rizzofarrugia.com/malta-market-news/2024/mia2419/) - On 11 December 2024, Malta International Airport plc announced that it welcomed 630,637 passengers during November 2024, an increase of 19.2% compared to the corresponding month last year. Passenger movements exceeded their relative 2023 figures for the eleventh consecutive month. The seat load factor also improved by 0.7 percentage points to 85.6%, despite an increase - [Daily Review 10.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-10-12-2024/) - Trading in Tigné Mall shares suspended ahead of delisting The MSE Equity Price Index rose by 0.37% to 3,749.303 points as the gains in BOV, IHI, Malita, and M&Z outweighed the declines in APS, Malta Properties and Santumas. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted to €0.16 million. - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2024/hrv2406/) - On 10 December 2024, Harvest Technology plc announced that it will distribute a net interim dividend of €0.03 per share. Shareholders as at close of trading on Tuesday 10 December 2024 will be entitled to receive the dividend by not later than Friday 20 December 2024. - [Harvest Technology plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-payment-date-13/) - [Harvest Technology plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/harvest-technology-plc-dividend-cut-off-date-11/) - [Bond Buyback](https://new.rizzofarrugia.com/malta-market-news/2024/mds2413/) - On 10 December 2024, MedservRegis plc announced that following considerations made by the Board of Directors to evaluate the possibility of effecting a share or a bond buy back, the Board decided that for the time being, it will not carry out a share repurchase program but will immediately proceed with bond buyback. Accordingly, MedservRegis - [Suspension of Trading](https://new.rizzofarrugia.com/malta-market-news/2024/tml2411/) - On 10 December 2024, Tigné Mall plc announced that trading in its shares is being suspended with immediate effect to allow its majority shareholder Marsamxett Properties Ltd to exercise its right to require all the remaining shareholders of Tigné Mall to sell and transfer the remaining shares to Marsamxett Properties Ltd. - [Daily Review 09.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-09-12-2024/) - MPC registers 18% growth in operating profit The MSE Equity Price Index declined for the third consecutive session as it fell by 0.46% to a four-month low of 3,735.607 points. The declines in APS, BOV and HSBC outweighed the gains in Grand Harbour Marina. Meanwhile, six other equities closed unchanged. Download today's Equity Market - [Interim Directors’ Statement](https://new.rizzofarrugia.com/malta-market-news/2024/mpc2406/) - On 9 December 2024, Malta Properties Company plc issued an Interim Directors’ Statement updating the market on its performance during the nine-month period ended 30 September 2024. Revenues surged by 17.9% to €4.32 million (Jan-Sep 2023: €3.66 million) driven by the rental income from The Exchange at Spencer Hill in Marsa, which had welcomed its - [Opening of Brussels Hotel](https://new.rizzofarrugia.com/malta-market-news/2024/ihi2407/) - On 9 December 2024, International Hotel Investments plc announced the reopening of Brussels’ historic Grand Hotel Astoria, after completing an extensive €150 million reconstruction and refurbishment. The company explained that QP, a Corinthia Group company, handled design and project management, while the Group’s hotel operating arm, Corinthia Hotels, now assumes the responsibility to manage the - [Daily Review 06.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-12-2024/) - MSE Equity Price Index falls to a three-month low The MSE Equity Price Index fell by 0.80% to 3,752.733 points as the declines in GO, IHI, Plaza, VBL and the ordinary shares of RS2 outweighed the gains in APS and MPC. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities amounted - [Daily Review 05.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-12-2024/) - MSE Equity Price Index falls for the second consecutive session The MSE Equity Price Index fell by 0.08% to 3,782.822 points as the declines in PG and Plaza outweighed the gains in APS and Main Street. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.1 million. Download - [S&P 500 on course for rare double-digit gains](https://new.rizzofarrugia.com/published-articles/weekly/sp-500-on-course-for-rare-double-digit-gains/) - During November, the S&P 500 index gained 5.7% which ranks as its best monthly performance during 2024. Following the sharp upturn last month, the S&P 500 index is now up 24.7% in 2024 and on track for its second consecutive year with a gain of more than 20% which is quite a rare occurrence. Last - [Daily Review 04.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-12-2024/) - Main Street drops to all-time low following weak guidance The MSE Equity Price Index fell by 0.07% to 3,785.860 points as the declines in APS, BMIT, Malita, Main Street Complex, M&Z and the ordinary shares of RS2 outweighed the gains in BOV and AX Real Estate. Meanwhile, three other equities closed unchanged as today’s - [Daily Review 03.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-03-12-2024/) - Four equities push MSE Equity Price Index higher The MSE Equity Price Index rose by 0.21% to 3,788.521 points as the gains in GO, MIDI, Farsons and Malta Properties Company outweighed the declines in MIA and the preference shares of RS2. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities - [Partnership with Action Real Estate Company](https://new.rizzofarrugia.com/malta-market-news/2024/ihi2406/) - On 3 December 2024, International Hotel Investments plc announced that it has entered into a partnership with Kuwaiti-based conglomerate Action Real Estate Company to explore development and investment opportunities for luxury hotels and real estate at prime locations in the Americas and beyond. - [Business Update](https://new.rizzofarrugia.com/malta-market-news/2024/msc2405/) - On 3 December 2024, Main Street Complex plc announced that the company continued to operate profitably throughout 2024, maintaining a robust financial position with no external borrowing apart from normal trade credit. However, the Board has observed that trading activity has generally subsided, most likely impacted by the emergence of new malls throughout the island, - [Daily Review 02.12.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-02-12-2024/) - GO share price hits 9-year low The MSE Equity Price Index dropped by 0.22% to 3,780.731 points as the declines in APS, GO, HSBC and Farsons outweighed the gains in PG and Plaza. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities amounted to €0.13 million. Download today's Equity Market Summary. - [Daily Review 29.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-11-2024/) - APS & BOV dominate trading activity The MSE Equity Price Index reversed yesterday’s losses as it increased by 0.71% to 3,789.175 points as the gains in APS, FIMBank, GO, MIA and PG outweighed the declines in AX Real Estate, MPC and Farsons. Meanwhile, two other equities closed unchanged as today’s total trading activity in - [EGM Presentation](https://new.rizzofarrugia.com/malta-market-news/2024/mlt2411/) - On 28 November 2024, Malita Investments plc held an Extraordinary General Meeting which approved a change in auditors from PricewaterhouseCoopers to KPMG. During the meeting, the company also delivered a presentation providing shareholders with further information on various matters, including a simplified financial unaudited report (excluding IFRIC 12 adjustments and fair value movements) showing its - [Daily Review 28.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/65176/) - APS submit a non-binding bid to buy HSBC Bank Malta The MSE Equity Price Index fell by 0.62% to a two-month low of 3,762.476 points as the declines in nine equities offset the gains in Medserv, Malita, APS, the ordinary shares of RS2 and Farsons. Meanwhile, three other equities closed unchanged as today’s trading - [Interest in the acquisition of HSBC Malta](https://new.rizzofarrugia.com/malta-market-news/2024/aps2409/) - On 28 November 2024, APS Bank plc announced its interest in pursuing the acquisition of the 70.03% holding of HSBC Continental Europe in HSBC Bank Malta plc, and that it has accordingly submitted a Non-Binding Offer to the ultimate parent, HSBC Holdings plc. The Board of Directors and Management will be engaging with their various - [Request to Disclose Information](https://new.rizzofarrugia.com/malta-market-news/2024/hsbc2408/) - On 28 November 2024, HSBC Bank Malta plc announced that following the announcement of the strategic review by HSBC Holdings plc of its indirect 70.03% shareholding in HSBC Malta, HSBC Holdings has been contacted by a number of parties who have expressed interest in its shareholding in HSBC Malta and have requested to conduct due - [Bond market terminology](https://new.rizzofarrugia.com/published-articles/weekly/bond-market-terminology/) - When I started publishing articles in the media just over 17 years ago, one of my main aims was always to assist in educating the investing public. In fact, over the years, I regularly explained some important terms used across financial markets and the applicability when it comes to assessing issuers whose securities are listed - [Daily Review 27.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-27-11-2024/) - Farsons confirms intent to spin-off food business The MSE Equity Price Index increased by 0.14% 3,785.770 points as the gain in Medserv offset the decline in MIDI. Meanwhile, five other equities closed unchanged as today’s total trading activity in local equities was subdued at under €60,000. Download today's Equity Market Summary. Today, Simonds Farsons - [Spin-off of the Food Business](https://new.rizzofarrugia.com/malta-market-news/2024/sfc2406/) - On 27 November 2024, Simonds Farsons Cisk plc announced that following the strategic review of opportunities for the further expansion of the Food Business of the Farsons Group (currently carried out by Quintano Foods Limited and Food Chain Limited), the Board of Directors has concluded that the further growth of the Food Business as well - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2024/pg2407/) - On 26 November 2024, PG plc announced that its Board of Directors is scheduled to meet on Thursday 19 December 2024 to consider the approval of the interim financial statements for the six-month period ended 31 October 2024. - [PG plc - Interim Results](https://new.rizzofarrugia.com/upcoming-events/pg-plc-interim-results-5/) - [Daily Review 26.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-26-11-2024/) - PG declares interim dividend The MSE Equity Price Index decreased by 0.03% 3,780.541 points as the declines in GO, Mapfre Middlesea and PG outweighed the gains in Medserv and MIA. Meanwhile, six other equities closed unchanged as today’s total trading activity in local equities amounted to €0.11 million. Download today's Equity Market Summary. PG plc - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2024/pg2406/) - On 26 November 2024, PG plc resolved to distribute a net interim dividend of €0.025463 per share, unchanged when compared to the corresponding interim dividend paid out for the first half of the 2023/24 financial year. The interim dividend is payable on Friday 6 December 2024 to all shareholders as at close of trading on - [PG plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/pg-plc-dividend-payment-date-11/) - [PG plc - Dividend Cut-Off Date](https://new.rizzofarrugia.com/upcoming-events/dividend-cut-off-date-3/) - [Daily Review 25.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-11-2024/) - MSE Equity Price Index falls to one-month low The MSE Equity Price Index decreased by 0.30% to a one-month low of 3,781.826 points as the declines in MIA, HSBC, Harvest, Malta Properties, Farsons and the ordinary shares of RS2 outweighed the gains in BMIT, Medserv and MIDI. Meanwhile, three other equities closed unchanged as - [Daily Review 22.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-22-11-2024/) - Positive movements in several property equities The MSE Equity Price Index increased by 0.17% to 3,793.064 points as the gains in Malita, Malta Properties Company, Plaza, VBL and the ordinary RS2 outweighed the declines in GO, IHI, Medserv and MaltaPost. Meanwhile two other equities closed unchanged as today’s total trading activity in local equities - [Full Bond Redemption](https://new.rizzofarrugia.com/malta-market-news/2024/gap2403/) - On 22 November 2024, GAP Group plc announced that on 30 December 2024, it would be exercising an option to redeem all the outstanding €15,727,000 nominal of the 3.90% GAP Group plc 2024-2026 secured callable bonds (ISIN: MT0001231233). As such, trading in the bonds will cease as at close of trading on 27 November 2024. - [Daily Review 21.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-21-11-2024/) - MedservRegis reports improved EBITDA The MSE Equity Price Index shed by 0.07% to a fresh one-month low of 3,786.715 points as the declines in Hili Properties outweighed the gains in MedservRegis. Meanwhile, three other equities closed unchanged as today’s trading volume in local equities amounted to €0.05 million. Download today's Equity Market Summary. MedservRegis plc - [Mixed performances across euro area companies](https://new.rizzofarrugia.com/published-articles/weekly/mixed-performances-across-euro-area-companies/) - The performance of various international equity indices in 2024 has been remarkable with strong double-digit gains across the main US indices which surpassed expectations at the start of the year. While the US equity market generated significant gains during the course of the year, there was a sharp divergence between the performance of the S&P - [Interim Report](https://new.rizzofarrugia.com/malta-market-news/2024/mds2412/) - On 21 November 2024, MedservRegis plc issued an Interim Report providing information on their financial and business performance during the nine-month period ended 30 September 2024. The Medserv Group generated total revenue of €50.2 million which was practically unchanged compared to the corresponding period in 2023. The 27.4% increase in revenue from OTCG to €26.5 - [Daily Review 20.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-20-11-2024/) - MSE Equity Price Index falls to one-month low The MSE Equity Price Index declined by 0.15% to a one-month low of 3,789.200 points as the declines in BMIT, BOV, IHI, and Malita outweighed the gains in PG and Grand Harbour Marina. Meanwhile, three other equities closed unchanged. Download today's Equity Market Summary. BMIT Technologies - [Daily Review 19.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-19-11-2024/) - Notable trading activity across Malita Investments shares The MSE Equity Price Index remained practically unchanged at 3,794.859 points the declines in five equities offset most of the gains in BMIT, HSBC and Malita. Meanwhile four other equities closed unchanged. Download today's Equity Market Summary. Most of today’s value traded in local equities was across - [VBL plc - Dividend Payment Date](https://new.rizzofarrugia.com/upcoming-events/vbl-plc-dividend-payment-date-3/) - [Daily Review 18.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-18-11-2024/) - Low trading values across 12 equities The MSE Equity Price Index shed 0.38% to 3,794.209 points the declines in APS, Malita and the ordinary shares of RS2 outweighed the gains in Hili Properties, MIA and PG. Meanwhile six other equities closed unchanged, but trading values were minimal across all equities. Download today's Equity Market Summary - [Daily Review 15.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-15-11-2024/) - Varied price movements amid lacklustre activity The MSE Equity Price Index snapped a two-day losing streak as it gained 0.29% to 3,808.490 mainly driven by the gains in BOV. Furthermore, APS and the ordinary shares of RS2 also registered gains. On the other hand, BMIT, MIA, Malta Properties and PG moved lower and two other - [Daily Review 14.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-14-11-2024/) - MSE Equity Price Index falls to 3-week low The MSE Equity Price Index shed a further 0.30% to a three-week low of 3,797.670 points as the declines in APS, BOV, and GO outweighed the gain in MIA. Meanwhile, five other equities remained unchanged. Today’s trading activity on local equities improved to €0.18 million, which - [October Traffic Results & Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2024/mia2418/) - On 13 November 2024, Malta International Airport plc published the October 2024 traffic results and the financial results for the first nine months of 2024. MIA also updated its guidance for the year. October 2024 Traffic Results In October 2024, passenger movements amounted to 838,393 passenger movements, which is 8.7% above last year’s comparable figure. - [The capital market and the Budget Speech](https://new.rizzofarrugia.com/published-articles/weekly/the-capital-market-and-the-budget-speech/) - Earlier this year, I published a series of articles in which I articulated my views on the state of the Maltese equity market and a number of initiatives that the authorities ought to consider to help improve investor sentiment following a number of years of very weak trading activity across the equity market. Following these - [Daily Review 13.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-13-11-2024/) - MIA expects 14% increase in profits in 2024 The MSE Equity Price Index fell by 0.47% to 3,808.946 points as the declines in APS, BOV, MIA, and Main Street Complex outweighed the gain in PG. Meanwhile, four other equities remained unchanged. Download today's Equity Market Summary. Malta International Airport plc fell by 1.7% to - [Daily Review 12.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-12-11-2024/) - MIA celebrates 8 million passenger movements milestone The MSE Equity Price Index remained nearly unchanged at 3,826.723 points as the gains in APS outweighed the declines in PG and the ordinary shares of RS2. Meanwhile, two other equities closed unchanged as today’s total trading activity amounted to a four-month low of €0.02 million. Download - [Potential Acquisition of Klikk Finance](https://new.rizzofarrugia.com/malta-market-news/2024/go2409/) - On 27 September 2024, GO plc announced that it is currently in discussions for the possible acquisition of all the shares of Klikk Finance plc. On 25 October 2024, GO plc entered into a share purchase agreement but the company explained that the transaction is dependent on a number of conditions. On 11 November 2024, GO - [Daily Review 11.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-11-11-2024/) - Three equities pull MSE Equity Price Index lower The MSE Equity Price Index fell by 0.65% to a two-week low of 3,826.273 points driven by the declines in BOV, APS and RS2. Meanwhile, BMIT Technologies plc traded flat at the €0.35 level across six deals amounting to 48,683 shares. Download today's Equity Market Summary. - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2024/mtp2403/) - On 11 November 2024, MaltaPost plc announced that its Board of Directors is scheduled to meet on Thursday 19 December 2024 to consider the approval of the financial statements for the year ended 30 September 2024 - [MaltaPost plc - Full-Year Results](https://new.rizzofarrugia.com/upcoming-events/maltapost-plc-full-year-results-6/) - [Daily Review 08.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-08-11-2024/) - MSE Equity Price Index virtually unchanged The MSE Equity Price Index remained practically unchanged at 3,851.103 points as the gains in Trident outweighed the declines in BMIT and Hili Properties. Meanwhile, four other equities closed unchanged as today’s total traded value in local equities amounted to €0.18 million. Download today's Equity Market Summary. Bank - [Daily Review 07.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-07-11-2024/) - BOV leads trading activity The MSE Equity Price Index decreased by 0.04% to 3,851.052 points reflecting the decline in APS. Meanwhile, three other equities closed unchanged as today’s total traded value in local equities amounted to 0.21 million. Download today's Equity Market Summary. Bank of Valletta plc was today’s most actively traded equity as it - [Q3 performance by Malta’s retail banks](https://new.rizzofarrugia.com/published-articles/weekly/q3-performance-by-maltas-retail-banks/) - In the midst of the hectic reporting period across the US, UK and European stockmarkets, the three largest retail banks in Malta (APS Bank plc, Bank of Valletta plc and HSBC Bank Malta plc) also published their Q3 financial figures. The level of reporting by the three banks was somewhat different since quarterly updates are - [Daily Review 06.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-06-11-2024/) - Muted activity across multiple equities The MSE Equity Price Index fell by 0.21% to 3,852.659 points as the declines in BOV, Farsons and LifeStar Holding outweighed the gains in APS, Lombard, MPC, MaltaPost and PG. Meanwhile, three other equities closed unchanged, but today’s total trading value amounted to under €50,000. Download today's Equity Market - [Completion of Share Buyback Program](https://new.rizzofarrugia.com/malta-market-news/mz2407/) - On 5 November 2024, M&Z plc announced that further last week’s announcement of the implementation of the buyback approved at the Annual General Meeting last June, the Company has repurchased 500,000 of its ordinary shares, at a price of €0.60 per share, for an aggregate consideration of €300,000. As a result, M&Z plc now owns - [Daily Review 05.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-05-11-2024/) - M&Z equity dominates trading activity The MSE Equity Price Index fell by 0.04% to 3,860.642 points as the declines in APS, MIDI, LifeStar Insurance, HSBC and Trident outweighed the gains in Hili Properties, Malita, M&Z and Simonds Farsons Cisk. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted - [Daily Review 04.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-04-11-2024/) - Low trading activity across five equities The MSE Equity Price Index rose by 0.16% to reach a fresh two-month high of 3,862.308 points as the gains in MIA outweighed the decline in Malita. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to just €0.07 million. Download today's Equity - [Initial Public Offering](https://new.rizzofarrugia.com/malta-market-news/2024/computime2401/) - On 4 November 2024, Computime Holdings plc published a Prospectus in relation to an offer for sale by the selling shareholders of 22,987,600 ordinary shares at an offer price of €0.45 each. Computime Holdings plc is a holding company which has interests in companies and other ventures operating in the business-to-business ICT solutions industry, primarily in Malta, but - [Bond Issue Allocation Policy](https://new.rizzofarrugia.com/malta-market-news/2024/bov2413/) - On 4 November 2024, Bank of Valletta plc announced the allocation policy with respect to the recent offer of up to €100 million 5.00% unsecured subordinated bonds 2029-34. The Bank explained that it received a total of 3,554 applications for a total value of €171.0 million There were 52 applications lodged by Professional Clients and - [Board Meeting](https://new.rizzofarrugia.com/malta-market-news/2024/pg2405/) - On 4 November 2024, PG plc announced that its Board of Directors is scheduled to meet on Tuesday 26 November 2024 to consider the distribution of an interim dividend. - [PG plc - Board Meeting](https://new.rizzofarrugia.com/upcoming-events/pg-plc-board-meeting-13/) - [Daily Review 01.11.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-01-11-2024/) - MSE Equity Price Index climbs to two-month high The MSE Equity Price Index rose by 0.28% to reach a two-month high of 3,856.318 points as the gains in GO, HSBC, and Trident outweighed the declines in eight equities. Meanwhile, five other equities closed unchanged as today’s total trading activity in local equities amounted to - [Implementation of Buyback Programme](https://new.rizzofarrugia.com/malta-market-news/2024/mz2406/) - On 31 October 2024, M&Z plc announced that it will be implementing the share buyback program which was approved during the Annual General Meeting held last June. In this respect, M&Z will be buying back 500,000 of its own shares in the market at a price of €0.60 per share on one or more occasions - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2024/bov2412/) - On 31 October 2024, Bank of Valletta plc issued a Quarterly Financial Update providing information about its performance during the nine-month period ended 30 September 2024 when compared to the same period in 2023. Net interest income surged by 14.5% to €290.5 million (3Q 2023: €253.8 million) through the continued growth in gross interest income - [Daily Review 31.10.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-31-10-2024/) - BOV 9-month pre-tax profit exceeds €220 million The MSE Equity Price Index rose by 0.48% to reach an almost two-month high of 3845.538 points as the gains in APS, BOV, Lombard, Mapfre Middlesea, MaltaPost, M&Z and the ordinary shares of RS2 outweighed the declines in MIDI and MIA. Meanwhile, two other equities closed unchanged - [Quarterly Update](https://new.rizzofarrugia.com/malta-market-news/2024/aps2408/) - On 31 October 2024, APS Bank plc published a Quarterly Financial Update providing information about its performance during the nine-month period ended 30 September 2024. Net interest income dropped by 11.6% to €49.1 million (3Q 2023: €55.5 million) as the continued growth in gross interest income (+9.7% to €84.7 million) was offset by higher interest expenses (+64.5% to - [China takes centre stage](https://new.rizzofarrugia.com/published-articles/weekly/china-takes-centre-stage/) - Over recent weeks, developments in China were among the main headlines across business media channels. After several years of underperformance when compared to the US stock market and other major stock exchanges worldwide, the Chinese equity market experienced a remarkable rally in a very short period of time. Chinese equities performed poorly over recent years - [Daily Review 30.10.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-30-10-2024/) - APS dominates trading activity ahead of Q3 results The MSE Equity Price Index remained relatively unchanged at 3,827.140 points as the gains in APS and Malta Properties were offset by declines in HSBC, M&Z and Plaza. Meanwhile, three other equities closed unchanged as today’s total trading activity in local equities amounted to €0.1 million. - [Interim Dividend](https://new.rizzofarrugia.com/malta-market-news/2024/ghm2410/) - On 8 October 2024, Grand Harbour Marina plc announced that the Directors approved a gross interim dividend of €0.05 per share (net: €0.044), payable on Wednesday 30 October 2024, to all shareholders as at the close of trading on Monday 21 October 2024. - [Daily Review 29.10.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-29-10-2024/) - HSBC Malta pre-tax profit surges 17% in first nine months of 2024 The MSE Equity Price Index increased by 0.34% to 3,827.609 points as the gains in APS, HSBC, FIMBank, Malta Properties, and Mapfre Middlesea outweighed the declines in Lombard and PG. Meanwhile, three other equities closed unchanged. Download today's Equity Market Summary. HSBC Bank - [Interim Directors’ Statement](https://new.rizzofarrugia.com/malta-market-news/2024/hsbc2407/) - On 29 October 2024, HSBC Bank Malta plc issued an Interim Directors’ Statement updating the market on its performance during the nine-month period ended 30 September 2024. The Bank explained that revenue increased by €19.0 million or 11% when compared to the comparable period last year. This was mainly driven by higher customer activity amidst - [Daily Review 28.10.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-28-10-2024/) - Notable activity across Mapfre Middlesea shares The MSE Equity Price Index decreased by 0.28% to 3,814.530 points as the declines in six equities outweighed the gain in BOV. Meanwhile, six other equities closed unchanged as today’s trading activity in local equities amounted to €0.25 million. Download today's Equity Market Summary. Mapfre Middlesea plc was - [Bank of Valletta plc - Q3 Results](https://new.rizzofarrugia.com/upcoming-events/bank-of-valletta-plc-q3-results/) - [Daily Review 25.10.2024](https://new.rizzofarrugia.com/market-highlights/daily-market-highlights/daily-review-25-10-2024/) - Corinthia’s New York Hotel opens for business The MSE Equity Price Index eased by 0.07% to 3,825.353 points as the declines in AX Real Estate, BOV and Mapfre Middlesea outweighed the gains in Hili Properties, IHI and MaltaPost. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.11 - [Interim Results](https://new.rizzofarrugia.com/malta-market-news/2024/hsbc2405/) - On 31 July 2024, HSBC Bank Malta plc published its interim results covering the six-month period ended 30 June 2024. Net interest income rose by 19% to €106.6 million (H1 2023: €89.7million) driven by the strong growth in gross interest income (+23% to €119.7 million), which offset the higher interest expense (+69% to €13.1 million). In this ## Pages - [Home](https://new.rizzofarrugia.com/) - [About Us](https://new.rizzofarrugia.com/about-2/) - Our Expertise, YourInvestment Confidence A founding member of the Malta Stock Exchange At Rizzo Farrugia, we are proud to be a leading investment consultancy with over 30 years of experience in the Maltese financial market. As founding members of the Malta Stock Exchange, we leverage our deep expertise to offer personalised investment services, guiding both - [About Us](https://new.rizzofarrugia.com/about-draft/) - Our Expertise, YourInvestment Confidence A founding member of the Malta Stock Exchange At Rizzo Farrugia, we are proud to be a leading investment consultancy with over 30 years of experience in the Maltese financial market. As founding members of the Malta Stock Exchange, we leverage our deep expertise to offer personalised investment services, guiding both - [5.5% Finestday Malta plc 2036](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7640/) - [BMIT TECHNOLOGIES PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1545/) - [4.00% MALTA PROPERTIES COMPANY PLC SECURED 30.06.2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6665/) - [MALTA PROPERTIES COMPANY PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1540/) - This page includes information on Malta Properties Company plc's shares, company profile, news and financials. 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You can also download the prospectus here. - [5.00% Hili Finance plc Unsecured Bonds 2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7676/) - Hili Finance Company plc is the financing arm of the Hili Ventures Group which in turn is a holding company owning subsidiaries in a variety of business sectors: (i) the franchisee for McDonalds in the Baltics, Greece, Malta, and Romania; (ii) real estate; (iii) retail as Apple Premium Resellers in Poland, Hungary and Romania; (iv) - [3.85% HILI FINANCE COMPANY PLC 24.07.2028](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6622/) - [4.00% HILI FINANCE COMPANY PLC 2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6660/) - [5.00% Bank of Valletta plc (subordinated) (callable) S1T1 2030-2035](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7443/) - [5.75% Best Deal Property Holding plc 2027/2029 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7432/) - [5.70% Central Business Centres plc 2030/35](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6683/) - [6.50% MedservRegis plc 2031/2036 (USD)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7455/) - [5.50% MEDSERVREGIS PLC 2031/2036](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7444/) - [3.80% MGS 16.10.2040 (II) F.I. R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3293/) - [5.10% Plan Group plc Secured 2028-2030](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7457/) - [3.80% MGS 2040 (II) FI NOV 25 A](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3294/) - [4.25% IZI FINANCE PLC UNSECURED 2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6662/) - [SFDR Disclosures](https://new.rizzofarrugia.com/client-information/disclosures/sfdr-disclosures/) - SFDR Disclosures - No consideration of adverse impacts of its investment decisions and investment advice on sustainability factors. Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (“Sustainable Finance Disclosure Regulation” or “SFDR”) became applicable as of 10 March 2021. SFDR - [2025 APS Bank plc Rights Issue](https://new.rizzofarrugia.com/about-2/services/track-record/2025-aps-bank-plc-rights-issue/) - [4.25% CPHCL FINANCE PLC 12.04.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6598/) - This page includes information on 4.25% Corinthia Finance plc 2026 bonds. You may also download the prospectus here. - [5.2% SD Finance plc 2031 S1 T1](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7441/) - [5.35% James B. Finance plc 2035 (partly-secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7456/) - [The Team](https://new.rizzofarrugia.com/about-2/company/team/) - Compliance & AML Claudia Rausi Head of Compliance Sarah Borg Money Laundering Reporting Officer Karina Davies Muscat Compliance & AML Executive Jordan Chircop Compliance & AML Executive Stockbroking, Investment Advice & Portfolio Management Vincent J Rizzo Director Vincent E Rizzo Director Edward Rizzo Director Joyce Mercieca Investment Advisor Orlando Ellul Micallef Head of Stockbroking Stefanos - [5.2% HH Finance plc 2035](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7442/) - [5.4% Excel Finance plc 2031 (secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7679/) - [3.80% Malta Government Stock 2040 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3288/) - [5.4% AGB Finance plc S1T1 2035 (secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7685/) - [5.75% ADVENTUM QUARTUM CENTRAL EUROPE SICAV PLC 2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7440/) - [3.50% BANK OF VALLETTA PLC 2030 - S2 T1 (Subordinated)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6593/) - This page includes information on 3.50% BANK OF VALLETTA PLC 2030 Series 2 Tranche 1 subordinated notes. You may also download the prospectus, supplement and final terms here. - [QUINCO HOLDINGS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1501/) - [4.35% SD FINANCE PLC 25.04.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6609/) - This page includes information on 4.35% SD Finance plc 2027 Bond. You can also download the prospectus here. - [5.80% GPH Malta Finance plc 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7437/) - [6.25% GPH MALTA FINANCE PLC 10.03.2030](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7422/) - [​Board of Directors](https://new.rizzofarrugia.com/about-2/company/board-of-directors/) - This section gives a detailed description of Board Members. - [LOQUS HOLDINGS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c2001e/) - This page includes information on Loqus Holdings plc's shares, its company profile, news and financials. It also includes downloadable material. - [MAIN STREET COMPLEX PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1544/) - Main Street Complex plc - Company profile, quotes, news, downloads, financials - [LIFESTAR INSURANCE PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1548/) - LifeStar Insurance plc is licenced by the MFSA to carry out Class I (Life and Annuity) and Class III (Linked Long Term) business and provides life insurance products offering a comprehensive range of protection, savings, investment and pension products. - [LIFESTAR HOLDING PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1528e/) - This page includes information on GlobalCapital plc shares, company profile, news, financials. It also includes downloads. - [MEDSERVREGIS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1529e/) - This page includes information on Medserv's shares, its company profile, news and financials. It also includes downloadable material. - [RS2 PLC - Preference Shares](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1547/) - [AX REAL ESTATE PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1563/) - [MALITA INVESTMENTS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1537/) - This page includes information on Malita Investments plc shares, company profile, news, financials. It also includes downloads. - [HILI PROPERTIES PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1561/) - Hili Properties owns and manages strategic commercial real estate for lease in several European countries, including Estonia, Latvia, Lithuania, Malta and Romania. Its portfolio comprises dedicated business blocks and office space, grocery-anchored shopping centres, healthcare facilities, and property housing McDonald’s restaurants in key commercial districts. - [INTERNATIONAL HOTEL INVESTMENTS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1275b/) - This page includes information on International Hotel Investments plc shares, company profile, news, financials. It also includes downloads. - [PG PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1542/) - PG plc - Company profile, quotes, news, downloads, financials - [HARVEST TECHNOLOGY PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1546/) - [GRAND HARBOUR MARINA PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1530e/) - This page includes information on Grand Harbour Marina plc shares, company profile, news, financials. It also includes downloads. - [MALTAPOST PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1533/) - This page includes information on MaltaPost plc's shares, company profile, news and financials. It also includes downloadable material. - [RS2 PLC - Ordinary Shares](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1534/) - This page includes information on RS2 Software plc's shares, company profile, news and financials. It also includes downloadable material. - [SANTUMAS SHAREHOLDINGS PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1539/) - This page includes information on Santumas plc's shares, company profile, news and financials. It also includes downloadable material. - [M&Z PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1562/) - [VBL PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1549/) - VBL plc is involved in the real estate industry, with a niche focus on identifying, acquiring, developing, and managing real estate in Valletta. - [MIDI PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1536/) - This page includes information on MIDI plc (MDI) shares, company profile, news and financials. It also includes downloads. - [Computime Holdings plc](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1566/) - [5.25% ACMUS plc 2028-2030](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6681/) - [Disclosures](https://new.rizzofarrugia.com/client-information/disclosures/) - SFDR Disclosures IFR Disclosures - [4.50% SHORELINE MALL PLC 01.08.2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6647/) - This page includes information on 4.50% Shoreline Mall plc 2032 Bond. You can also download the prospectus here. - [3.40% Malta Government Stock 2035 (IV) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3284/) - [BANK OF VALLETTA PLC - PUBLIC OFFER OF €150 MILLION 5.00% UNSECURED SUBORDINATED BONDS 2030-2035](https://new.rizzofarrugia.com/about-2/services/track-record/bank-of-valletta-plc-public-offer-of-e150-million-5-00-unsecured-subordinated-bonds-2030-2035/) - [BANK OF VALLETTA PLC - PUBLIC OFFER OF €100 MILLION 5.00% UNSECURED SUBORDINATED BONDS 2029-2034 S1 T1](https://new.rizzofarrugia.com/about-2/services/track-record/bank-of-valletta-plc-public-offer-of-e100-million-5-00-unsecured-subordinated-bonds-2029-2034/) - [6.0% Lidion Bank plc (subordinated) 2030/35](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7683/) - [3.40% Malta Government Stock 2035 (IV) A](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3287/) - [5.85% Burmarrad Group Assets plc secured bonds 2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7433/) - [3.50% SIMONDS FARSONS CISK PLC 13.09.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6616/) - This page includes information on 3.50% Simonds Farsons Cisk plc 2027 Bond. You can also download the prospectus here. - [SIMONDS FARSONS CISK PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1500e/) - This page includes information on Simonds Farsons Cisk plc's shares, company profile, news and financials. It also includes downloadable material. - [3.50% BANK OF VALLETTA PLC 2030 - S1 T1 (Subordinated)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6592/) - This page includes information on 3.50% BANK OF VALLETTA PLC 2030 Series 1 Tranche 1 subordinated notes. You may also download the prospectus, supplement and final terms here. - [5.00% MEDIRECT BANK PLC 13.10.2022/27 (GBP) (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7667/) - This page includes information on 5.00% MEDIRECT BANK PLC 13.10.2022/27 (GBP) (Subordinated) (BRRD) (Callable) bond. You can also download the prospectus here. - [5.00% IZOLA BANK PLC SUBORDINATED 15.09.2027-2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6670/) - [5.80% APS Bank plc Unsecured Subordinated Bonds 2028-2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6674/) - [3.25% APS BANK PLC 2025/30 (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6648/) - [LOMBARD BANK MALTA PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1300e/) - This page includes information on Lombard Bank plc's shares, company profile, news and financials. It also includes downloadable material. - [GO PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1450e/) - This page includes information on GO plc shares, company profile, news, financials. It also includes downloads. - [5.25% Qawra Palace plc Secured 2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7419/) - [5.35% Hal Mann Vella Group plc Secured € Bonds 2031-2034](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7677/) - Hal Mann Vella Group plc is engaged in the manufacturing of tiles and pre-cast elements, importation of marble, granite and natural stone. The Group is also involved in property development and letting as well as the hospitality industry. - [5.30% Golden Triangle plc (secured) 2030](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6680/) - [5.35% MM Star Malta finance plc (secured) (callable) 2029-2031](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7682/) - [3.75% TUMAS INVESTMENTS PLC 10.07.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6613/) - This page includes information on 3.75% Tumas Investments plc 2027 Bond. You can also download the prospectus here. - [5.30% International Hotel Investments plc 2035](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7680/) - [3.75% TUM FINANCE PLC 27.06.2029 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6633/) - This page includes information on 3.75% TUM Finance plc 2029 Bond. You can also download the prospectus here. - [5.2% TUM Finance plc 22.11.2034 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7436/) - [5.50% JUEL GROUP PLC 27.06.2035](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7427/) - [4.50% THE ONA PLC SECURED 2028-34](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6668/) - [5.2% VBL PLC 2030/2034 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7435/) - [4.75% DINO FINO FINANCE PLC 2033 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6656/) - [5.70% Merkanti Holding plc € Secured 2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6675/) - [6.25% AST GROUP PLC 16.06.2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7426/) - [6.00% Pharmacare Finance plc Unsecured 2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7421/) - [4.00% Cablenet Communication Systems plc 19.08.2030](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6644/) - This page includes information on the 4.0% Cablenet Communication Systems plc 2030 Bond. You can also download the prospectus here. - [3.65% STIVALA GROUP FINANCE PLC 29.07.2029 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6636/) - [4.00% STIVALA GROUP FINANCE P.L.C. 18.10.2027 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6618/) - This page includes information on 4.00% Stivala Group Finance plc 18.10.2027 Bond. You can also download the prospectus here. - [4.50% ENDO FINANCE PLC 22.03.2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6629/) - [6.25% TOGETHER GAMING SOLUTIONS PLC 2030-2032 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6677/) - [5.90% TOGETHER GAMING SOLUTIONS PLC 2024/26 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6635/) - [3.75% MERCURY PROJECTS FIN. PLC 27.03.2027 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6630/) - [5.3% Mercury Projects Finance plc € Secured 2034](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7678/) - [4.30% MERCURY PROJECTS FINANCE PLC SECURED 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6663/) - [4.25% MERCURY PROJECTS FIN. PLC 27.03.2031 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6631/) - [5.60% JD Capital plc 2035 (secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7681/) - [6.00% JD Capital plc Secured Bonds 2033 Series 2 Tranche 1](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7428/) - [4.85% JD Capital plc Secured 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7414/) - [5.00% Von Der Heyden Group Unsecured 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7411/) - [4.35% HUDSON MALTA PLC 06.04.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6621/) - This page includes information on 4.35% Hudson Malta plc 2026 Bond. You can also download the prospectus here. - [The Convenience Shop (Holding) plc](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1565/) - [4.50% GRAND HARBOUR MARINA PLC 23.08.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6614/) - This page includes information on 4.5% Grand Harbour Marina plc 2027 Bond. You can also download the prospectus here. - [3.65% MIZZI ORGANISATION FINANCE PLC 2028/2031 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6655/) - [6.00% International Hotel Investments plc 14.11.2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7672/) - [3.65% INT. HOTEL INV. PLC 07.12.2031](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7670/) - [4.00% INT. HOTEL INV. PLC 20.12.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6607/) - This page includes information on 4% IHI plc 2026 Bonds. You can also download the prospectus here. - [4.00% INT. HOTEL. INV. PLC 29.07.2026 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6601/) - This page includes information on 4% IHI plc 2026 Bonds. You can also download the prospectus here. - [5.75% PHOENICIA FIN. CO. PLC 2028/33 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7675/) - [4.50% HILI PROPERTIES PLC 16.10.2025](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6591/) - This page includes information on 4.50% HILI PROPERTIES PLC 16.10.2025 Bond. You can also download the prospectus here. - [5.75% Plan Group plc_Secured Bonds 2028](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7674/) - [4.00% SP FINANCE PLC 03.05.2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6632/) - [3.75% VIRTU FINANCE PLC 30.11.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6619/) - This page includes information on 3.75% Virtu Finance plc 2027 Bond. You can also download the prospectus here. - [6.25% Camilleri Finance plc unsecured bonds 2034](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7430/) - [3.75% PREMIER CAPITAL PLC 23.11.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6606/) - This page includes information on 3.75% Premier Capital plc 2026 Bonds. You can also download the prospectus here. - [4.00% MIDI plc 27.07.2026 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6600/) - This page includes information on 4.00% MIDI plc 27.07.2026 bonds. You can also download the prospectus here. - [5.85% MED. INV HOLDING plc 31.07.2028](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6672/) - [5.25% MED. INV. HOLDING PLC 06.07.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6666/) - [4.65% Smartcare Finance plc Secured 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6671/) - [4.65% SMARTCARE FINANCE PLC 22.04.2031 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6650/) - [5.00% CF Estates Finance plc Secured 2028-2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7420/) - [5.00% DIZZ FINANCE PLC 07.10.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6603/) - This page includes information on 5.0% DIZZ Finance plc 2026 Bonds. You can also download the prospectus here. - [5.5% Agora Estates plc Secured € Bonds 2036 Series 1 Tranche 2](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7434/) - [5.80% Agora Estates plc Secured Bonds 2036](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7431/) - Agora Estates plc is the holding company and financing arm of Agora Group, a property development and management company overseeing residential and commercial projects in Malta. - [4.55% ST. ANTHONY CO PLC 2032 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6658/) - [4.50% MEDSERV PLC 05.02.2026 (EUR)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6595/) - This page includes information on 4.50% Medserv plc 05.02.2026 (EUR). You may also download the Prospectus from this page. - [5.75% MEDSERV PLC 05.02.2026 (USD)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7666/) - This page includes information on 5.75% Medserv plc 05.02.2026 (USD). You may also download the Prospectus from this page. - [5.00% MedservRegis plc Secured Bonds 2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7416/) - [5.25% BONNICI BROS PROPERTIES PLC 03.04.2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7671/) - [4.75% Best Deal Properties Holding P.L.C. Secured 2025-2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7417/) - [5.35% BEST DEAL PROPERTIES HOLDING PLC 21.02.2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6678/) - [4.25% ClearFlowPlus plc 25.08.2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6673/) - [3.50% Malta Government Stock 2035 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3283/) - [3.90% BROWNS PHARMA HOLDINGS PLC 2027-2031 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6654/) - [4.00% CENTRAL BUSINESS CENTRES PLC 2027/2033 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7669/) - [4.40% CENTRAL BUSINESS CENTRE PLC 07.07.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6615/) - This page includes information on the 4.40% Central Business Centre plc 07.07.2027 being the first tranche issued under the 2017 Bond Issuance Programme. You can also download the final terms here. - [5.25% CENTRAL BUSINESS CENTRE PLC 30.12.2025](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6594/) - This page includes information on the 5.25% Central Business Centre plc 30.12.2025 issued under the Bond Issuance Programme. You can also download the final terms here. - [3.75% BORTEX GROUP FINANCE PLC 01.12.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6620/) - This page includes information on 3.75% Bortex Group Finance plc 2027 Bond. You can also download the prospectus here. - [4.00% EDEN FINANCE PLC 28.04.2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6610/) - This page includes information on 4.00% Eden Finance plc 2027 Bond. You can also download the prospectus here. - [3.25% AX GROUP PLC 20.12.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6642/) - This page includes information on 3.25% AX Group plc 2026 Bond. You can also download the prospectus here. - [3.90% PLAZA CENTRES PLC 19.09.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6602/) - This page includes information on 3.9% Plaza Centres plc 2026 Bonds. You can also download the prospectus here. - [4.00% SHORELINE MALL PLC 01.08.2026](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6646/) - This page includes information on 4.00% Shoreline Mall plc 2026 Bond. You can also download the prospectus here. - [4.00% EXALCO FINANCE PLC 20.08.2028](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6623/) - THE ISSUER & THE GUARANTOR Exalco Finance plc (the Issuer) and Exalco Properties Limited (the Guarantor) are both owned by Exalco Holdings Limited. The Issuer is a financing vehicle and its purpose is the raising of finance for the Exalco group whose main operating entity is presently the Guarantor. The core business of Exalco Properties - [5.00% Mariner Finance plc Unsecured 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7415/) - [TRIDENT ESTATES PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1543/) - This page includes information on Trident Estates plc shares, company profile, news, financials. It also includes downloads. - [4.00% MEDIRECT BANK (MALTA) PLC 2024/29 (GBP) (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7668/) - This page includes information on 4.00% MeDirect Bank (Malta) plc 2024/29 (GBP) (Subordinated) (BRRD) (Callable) Bond. You can also download the prospectus here. - [HSBC BANK MALTA PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1250e/) - This page includes information on HSBC Bank Malta plc shares, company profile, news, financials. It also includes downloads. - [BANK OF VALLETTA PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1100e/) - This page includes information on Bank of Valletta plc (BOV) shares, company profile, news, financials. It also includes downloads. - [4.50% IZOLA BANK PLC 30.06.2025](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6588/) - This page includes information on 4.5% Izola Bank plc 2025 bonds. You may also download the prospectus here. - [4.50% BNF Bank plc Unsecured Subordinated 2027-2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6667/) - [3.50% AX REAL ESTATE PLC 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6659/) - [3.50% GO PLC 25.06.2031](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6652/) - [PLAZA CENTRES PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1475e/) - This page includes information on Plaza Centres plc's shares, company profile, news and financials. It also includes downloadable material. - [3.00% Malta Government Stock 2030 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3282/) - [History](https://new.rizzofarrugia.com/about-2/company/history/) - A founding member of the Malta Stock Exchange, Rizzo, Farrugia & Co. (Stockbrokers) Ltd (Rizzo Farrugia) is a leading privately-owned stockbroking and investment management house. We believe that our experience, knowledge and personal approach place us at the forefront of the local investment services industry making us indeed Your Investment Consultants. We are proud to - [MAPFRE MIDDLESEA PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1400e/) - This page includes information on Mapfre Middlesea plc's shares, company profile, news and financials. It also includes downloadable material. - [FIMBANK PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1175/) - This page includes information on FIMBank plc shares, company profile, news, financials. It also includes downloads. - [4.75% GAP Group plc Secured 2025-2027](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7418/) - [4.00% MEDIRECT BANK (MALTA) PLC 2024/29 (EUR) (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6639/) - This page includes information on 4.00% MeDirect Bank (Malta) plc 2024/29 (EUR) (Subordinated) (BRRD) (Callable) Bond. You can also download the prospectus here. - [5.00% MEDIRECT BANK PLC 13.10.2022/27 (EUR) (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6617/) - This page includes information on 5.00% MEDIRECT BANK PLC 13.10.2022/27 (EUR) (Subordinated) (BRRD) (Callable) Bond. You can also download the prospectus here. - [5.85% AX Group plc 07.11.2033](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7673/) - [3.75% AX GROUP PLC 20.12.2029](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6643/) - This page includes information on 3.75% AX Group plc 2029 Bond. You can also download the prospectus here. - [APS BANK PLC](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/c1564/) - [3.25% Malta Government Stock 2034 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3281/) - [2.80% Malta Government Stock 2030 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3276/) - [3.50% MGS 31.07.2034 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3275/) - [2024 Marsamxett Properties Ltd Voluntary Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2024-marsamxett-properties-ltd-voluntary-public-offer/) - [Privacy policy](https://new.rizzofarrugia.com/client-information/privacy-policy/) - Rizzo Farrugia has developed this policy in line with General Data Protection Regulation ("GDPR") requirements because it wants you to feel confident about the privacy and security of your personal information. Please read it carefully: For the purposes of this privacy policy, the terms “us”, “we” and “our” refer to Rizzo, Farrugia & Co (Stockbrokers) - [3.50% MGS 31.07.2034 (III) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3267/) - [3.50% Malta Government Stock 2034 (III) A](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3269/) - [4.15% PHOENICIA FIN. CO. PLC 2023/28 (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6625/) - [4.00% MERKANTI HOLDING PLC 12.08.2026 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6638/) - This page includes information on 4.00% Merkanti Holding plc 12.08.2026 Bond. You can also download the prospectus here. - [5.10% 6PM HOLDINGS PLC 2025](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6590/) - This page includes information on the 5.10% 6pm Holdings plc 2025 Bond. You can also download the prospectus here. - [5.0% Hal Mann Vella Group plc 2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6581/) - This page includes information on 5.0% Hal Mann Vella Group plc 2024 Bond. You can also download the prospectus here. - [5.75% International Hotel Investments plc 13.05.2025](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6587/) - This page includes information on 5.75% International Hotel Investments plc 13.05.2025 Bonds. You can also download the prospectus here. - [Order Execution Policy](https://new.rizzofarrugia.com/client-information/order-execution-policy/) - Purpose The purpose of this Policy is to set out information on the arrangements in place for order execution based on the interpretation of the key provisions of the Conduct of Business Rulebook issued by the Malta Financial Services Authority (‘MFSA’). Objectives of Best Execution Rizzo Farrugia shall take all sufficient steps to obtain, when - [5.00% TUMAS INVESTMENTS PLC 31.07.2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6580/) - This page gives details on the 5.00% Tumas Investments plc bonds which mature in July 2024. - [3.90% GAP GROUP PLC 2024/26 (Secured) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6657/) - [5.10% 1923 INVESTMENTS PLC 04.12.2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6582/) - This page includes information on 5.10% 1923 INVESTMENTS PLC (previously known as PTL Holdings plc) 2024 bond. You can also download the prospectus here. - [3.35% Malta Government Stock 2029 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3265/) - [4.25% BEST DEAL PROPERTIES HOLDING PLC 12.12.2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6626/) - [3.15% Malta Government Stock 2027 (VII)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3264/) - [APS BANK PLC - PUBLIC OFFER OF €50 MILLION 5.80% UNSECURED SUBORDINATED BONDS 2028-2033](https://new.rizzofarrugia.com/about-2/services/track-record/aps-bank-plc-public-offer-of-e50-million-5-80-unsecured-subordinated-bonds-2028-2033/) - PUBLIC OFFER OF €50 MILLION 5.80% UNSECURED SUBORDINATED BONDS 2028-2033 - [LOMBARD BANK MALTA PLC - RIGHTS ISSUE OF €46 MILLION ORDINARY SHARES](https://new.rizzofarrugia.com/about-2/services/track-record/lombard-bank-malta-plc-rights-issue-of-e46-million-ordinary-shares/) - RIGHTS ISSUE OF €46,000,000 ORDINARY SHARES - [MEDSERVREGIS PLC - PUBLIC OFFER OF €13 MILLION 5.00% SECURED BONDS 2029](https://new.rizzofarrugia.com/about-2/services/track-record/medservregis-plc-public-offer-of-e13-million-5-00-secured-bonds-2029/) - MEDSERVREGIS PLC - PUBLIC OFFER OF €13 MILLION 5.00% SECURED BONDS 2029 - [3.15% Malta Government Stock 2027 (VII) A](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3262/) - [3.55% Malta Government Stock 2026 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3259/) - [Disclaimer](https://new.rizzofarrugia.com/client-information/disclaimer/) - This website is targeted at Retail, Professional and Eligible Counterparties seeking to obtain investment services in or from Malta in relation local and foreign financial instruments. Users ("you") who access this Website (the "Site") and use the information contained in it, do so subject to the terms stated below. You should ensure that you have - [4.00% Malta Government Stock 2033 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3257/) - [4.00% MGS 26.11.2043 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3244/) - [4.30% Malta Government Stock 2038 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3258/) - [3.95% Malta Government Stock 2028 (VII)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3256/) - [3.85% Malta Government Stock 2026 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3255/) - [6.0% AX Investments plc 06.03.2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6573/) - This page includes information on 6.0% AX Investments plc 2024 Bond. You can also download the prospectus here. - [6.0% INT. HOTEL INVESTMENTS PLC 2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6575/) - This page includes information on 6.0% Island Hotels Group Holdings plc 2024 Bond. You can also download the prospectus here. - [5.8% International Hotel Investments plc 14.11.2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6571/) - This page includes information on 5.8% International Hotel Investments plc 2023 Bonds. You can also download the prospectus here. - [4.00% Malta Government Stock 2033 (IV) I](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3253/) - [4.00% Malta Government Stock 2033 (IV) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3251/) - [4.30% Malta Government Stock 2038 (II) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3252/) - [4.00% Malta Government Stock 2038 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3248/) - [4.30% Malta Government Stock 2038 (II) I](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3254/) - [3.55% Malta Government Stock 2026 (V) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3247/) - [3.75% Malta Government Stock 2033 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3250/) - [3.50% Malta Government Stock 2028 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3246/) - [3.55% Malta Government Stock 2026 (V) I](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3249/) - [5.3% United Finance plc 2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6583/) - This page includes information on 5.3% United Finance plc 2023 Bond. You can also download the prospectus here. - [Cookie Policy](https://new.rizzofarrugia.com/client-information/cookie-policy/) - Rizzo, Farrugia & Co. (Stockbrokers) Limited Cookie Policy 1. Introduction The General Data Protection Regulation (EU) 2016/679 (GDPR) and the Data Protection Act 2018 (Cap 586 of the Laws of Malta) regulate the processing of personal data whether held electronically or in manual form. Rizzo, Farrugia & Co. (Stockbrokers) Limited (“Rizzo, Farrugia”, "us", "we", or - [4.25% GAP GROUP PLC 03.10.2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6605/) - This page includes information on 4.25% GAP Group plc 2023 Bonds. You can also download the prospectus here. - [3.70% GAP GROUP PLC 2023/25 (Secured) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6649/) - [5.50% MED. INV. HOLDING PLC 31.07.2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6645/) - [3.75% BANK OF VALLETTA PLC 2026/31 (Subordinated) (BRRD) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6634/) - This page includes information on 3.75% BANK OF VALLETTA PLC 2026/31 (Subordinated) (BRRD) (Callable) bond. You may also download the prospectus here. - [4.00% MGS 30.03.2032 (VII)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3243/) - [3.40% MGS 24.09.2027 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3240/) - [3.50% MGS 07.07.2028 (VI) R](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3238/) - [3.50% MGS 07.07.2028 (VI) I](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3241/) - [3.70% MGS 25.11.2030 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3237/) - [6.00% MULTITUDE BANK PLC SUBORDINATED 2032](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6664/) - [0.50% MGS 05.05.2023 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1219/) - [Research](https://new.rizzofarrugia.com/about-2/services/research/) - This section speaks about Rizzo Farrugia's Research service through which clients are provided with investment research and advice. - [2.60% MGS 22.05.2028 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3235/) - [6.00% MEDSERV PLC 2020/2023](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6570/) - This page includes information on 6.00% Medserv plc 2020-2023 bonds. You may also download the Base Prospectus, Supplement & Final Terms here. - [2.90% MGS 24.10.2032 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3234/) - [4.40% VON DER HEYDEN GROUP FINANCE PLC 08.03.2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6608/) - This page includes information on 4.4% Von der Heyden Group Finance plc 2024 Bond. You can also download the prospectus here. - [3.40% MGS 26.08.2042 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3229/) - [MALTA PROPERTIES COMPANY PLC - PUBLIC OFFER OF €25 MILLION 4.00% SECURED BONDS 2032](https://new.rizzofarrugia.com/about-2/services/track-record/malta-properties-company-plc-public-offer-of-e25-million-4-00-secured-bonds-2032/) - [IZOLA BANK PLC - PUBLIC OFFER OF €14 MILLION 5.00% UNSECURED SUBORDINATED BONDS 2027-2032](https://new.rizzofarrugia.com/about-2/services/track-record/izola-bank-plc-public-offer-of-e14-million-5-00-unsecured-subordinated-bonds-2027-2032/) - [Profile](https://new.rizzofarrugia.com/profile/) - Research Portal Welcome to the Rizzo Farrugia Research Portal which provides access to Investment Research Reports produced on a number of companies whose securities are listed on the Malta Stock Exchange or internationally. Access is restricted to Active Clients of Rizzo Farrugia as described in the Terms of Use and subject to the conditions therein. - [1.80% MGS 28.08.2051 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3205/) - [3.00% MGS 11.06.2040 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3177/) - [2.60% MGS 27.09.2047 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3221/) - [2.40% MGS 25.07.2041 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3185/) - [4.45% MGS 03.09.2032 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3174/) - [0.50% MGS 08.11.2025 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2219/) - [5.3% MARINER FINANCE PLC 2024](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6579/) - This page includes information on 5.3% Mariner Finance plc 2024 Bond. You can also download the prospectus here. - [APS BANK PLC - PUBLIC OFFER OF €66 MILLION ORDINARY SHARES](https://new.rizzofarrugia.com/about-2/services/track-record/aps-bank-plc-public-offer-of-e66-million-ordinary-shares/) - [2.10% MGS 15.04.2032 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3220/) - [1.70% MGS 04.08.2028 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3219/) - [IZI FINANCE PLC - PUBLIC OFFER OF €30 MILLION 4.25% BONDS 2029](https://new.rizzofarrugia.com/about-2/services/track-record/izi-finance-plc-public-offer-of-e30-million-4-25-bonds-2029/) - [Contact](https://new.rizzofarrugia.com/contact/) - This section provides the contact details of Rizzo Farrugia Stock Brokers including address, telephone number and email. Online feedback form also available. - [G3 FINANCE PLC - PUBLIC OFFER OF €12.5 MILLION 4.5% BONDS 2032](https://new.rizzofarrugia.com/about-2/services/track-record/g3-finance-plc-public-offer-of-e12-5-million-4-5-bonds-2032/) - [Portfolio Management](https://new.rizzofarrugia.com/about-2/services/investment-management/) - This section explains the advisory services which Rizzo, Farrugia stock brokers offer to private clients and institutions. - [Subscribe](https://new.rizzofarrugia.com/contact/subscribe/) - [AX REAL ESTATE PLC - COMBINED OFFER OF UP TO €30 MILLION SHARES & €40 MILLION 3.5% BONDS 2032](https://new.rizzofarrugia.com/about-2/services/track-record/ax-real-estate-plc-combined-offer-of-up-to-e30-million-shares-e40-million-3-5-bonds-2032/) - [FERRATUM BANK PLC - SUBORDINATED BOND ISSUANCE PROGRAMME OF €40 MILLION TRANCHE 1 €20 MILLION 6.0% 2032](https://new.rizzofarrugia.com/about-2/services/track-record/ferratum-bank-plc-subordinated-bond-issuance-programme-e40000000-tranche-1-e20000000-6-0-2032/) - SUBORDINATED BOND ISSUANCE PROGRAMME €40,000,000 TRANCHE 1 €20,000,000 6.0% 2032 - [M&Z plc - OFFER OF €8.3 MILLION ORDINARY SHARES](https://new.rizzofarrugia.com/about-2/services/track-record/mz-plc-offer-of-e8-3-million-ordinary-shares/) - [2.40% MGS 13.08.2052 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3218/) - [1.60% MGS 03.05.2032 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3217/) - [0.90% MGS 12.08.2027 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3216/) - [0.90% MGS 11.07.2031 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3214/) - [0.10% MGS 20.07.2026 (IV) F.I.](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3213/) - [2.00% MGS 10.07.2051 (II) F.I.](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3215/) - [4.85% MELITE FINANCE PLC 12.11.2028](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6624/) - [2.00% MGS 10.07.2051 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3212/) - [2019 Trident Estates plc Rights Issue](https://new.rizzofarrugia.com/about-2/services/track-record/2019-trident-estates-plc-rights-issue/) - [2020 Cablenet Communication Systems plc](https://new.rizzofarrugia.com/about-2/services/track-record/2020-cablenet-communication-systems-plc/) - [2020](https://new.rizzofarrugia.com/about-2/services/track-record/2020-aps-bank/) - [Mizzi Organisation Finance plc - Public Offer of €45 million 3.65% Bonds 2028/31](https://new.rizzofarrugia.com/about-2/services/track-record/mizzi-organisation-finance-plc-public-offer-of-e45-million-3-65-bonds-2028-31/) - [VBL plc IPO](https://new.rizzofarrugia.com/about-2/services/track-record/vbl-plc-ipo/) - [1.00% MGS 23.08.2035 (II) F.I.](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3211/) - [0.40% MGS 18.11.2026 (IV) F.I.](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3210/) - [​Graphs](https://new.rizzofarrugia.com/malta-market-data/securities-data/equity-graphs/) - This function allows you to graphically compare the closing prices of shares listed on the Malta Stock exchange and the MSE Share Index going back to 1999. - [2010 MIDI Ordinary Shares](https://new.rizzofarrugia.com/about-2/services/track-record/2010-midi-ordinary-shares/) - [2010 Fimbank Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2010-fimbank-bonds/) - [2010 Grand Harbour Marina Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2010-grand-harbour-marina-bonds/) - [2009 Mizzi Organisation Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2009-mizzi-organisation-bonds/) - [2007 HSBC Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2007-hsbc-bonds/) - [2005 MIA Ordinary Shares](https://new.rizzofarrugia.com/about-2/services/track-record/2005-mia-ordinary-shares/) - Public Offer of Lm18,942,000 Ordinary 'A' Shares - [2003 Fimbank Ordinary Shares](https://new.rizzofarrugia.com/about-2/services/track-record/2003-fimbank-ordinary-shares/) - [2002 Mizzi Organisation Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2002-mizzi-organisation-bonds/) - [2002 Hotel San Antonio Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2002-hotel-san-antonio-bonds/) - [2001 Fimbank Ordinary Shares](https://new.rizzofarrugia.com/about-2/services/track-record/2001-fimbank-ordinary-shares/) - [2000 Barclays 26 Sub-Funds MSE](https://new.rizzofarrugia.com/about-2/services/track-record/2000-barclays-26-sub-funds-mse/) - [2000 MGP 0% Privatisation Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2000-mgp-0-privatisation-bonds/) - [2000 UBS 59 Sub-Funds MSE](https://new.rizzofarrugia.com/about-2/services/track-record/2000-ubs-59-sub-funds-mse/) - [1997 HSBC Malta Funds SICAV plc](https://new.rizzofarrugia.com/about-2/services/track-record/hsbc-malta-funds-sicav-plc/) - [1995 Mid-Med Bank Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/1995-mid-med-bank-bonds/) - [1.80% MGS 28.08.2051 (I) F.I.](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3209/) - [0.10% MGS 20.07.2026 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3207/) - [1.20% MGS 13.05.2037 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3208/) - [0.25% MGS 18.11.2026 (III) FI (July 2021)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3202/) - [0.25% MGS 18.11.2026 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1221/) - [0.25% MGS 18.11.2026 (III) FI (July 2021) r](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3201/) - [1.80% MGS 28.08.2051 (I) r](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3203/) - [5.8% International Hotel Investments plc 21.12.2021](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6567/) - This page includes information on 5.8% International Hotel Investments plc 2021 Bonds. You can also download the prospectus here. - [5.0% MED. INV. HOLDING PLC 2022](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6612/) - This page includes information on 5.0% Mediterranean Investments Holding plc 2022 Bond. You can also download the prospectus here. - [5.75% CENTRAL BUSINESS CENTRE PLC 30.12.2021](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6586/) - This page includes information on the 5.75% Central Business Centre plc 30.12.2021 being the first tranche issued under the Bond Issuance Programme. You can also download the prospectus here. - [6.0% PENDERGARDENS DEVELOPMENTS PLC 31.07.2022](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6577/) - This page includes information on 6.0% Pendergardens Developments plc 2022 bonds. You may also download the Prospectus here. - [4.0% LIFESTAR INSURANCE PLC 2026/31 (Subordinated) (Callable)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6653/) - [GO plc - Public Offer of €60 million 3.5% Bonds 2031](https://new.rizzofarrugia.com/about-2/services/track-record/go-plc-public-offer-of-e60-million-3-5-bonds-2031/) - [RS2 Software plc - Public Offer of €50 million Preference Shares](https://new.rizzofarrugia.com/about-2/services/track-record/rs2-software-plc-public-offer-of-e50-million-preference-shares/) - [6.0% MED. INV. HOLDING PLC 2021](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6578/) - This page includes information on 6.0% Mediterranean Investments Holding plc 2021 Bond. You can also download the prospectus here. - [1.00% MGS 23.04.2031 (II) FI (May 2021)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2234/) - [1.40% MGS 20.08.2046 (I) FI (May 2021)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3200/) - [3.65% GAP GROUP PLC 05.04.2022 (Secured)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6628/) - [0.40% MGS 19.11.2027 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2232/) - [1.00% MGS 23.08.2035 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3198/) - [1.40% MGS 20.08.2046 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3199/) - [0.30% MGS 11.10.2024 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1218/) - [1.50% MGS 22.10.2045 (I) FI (Nov 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3197/) - [0.80% MGS 29.04.2027 (III) FI (Nov 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2231/) - [0.40% MGS 20.10.2026 (II) FI (Nov 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2230/) - [5.0% LIFESTAR HOLDING PLC 02.06.2021](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6599/) - This page includes information on 5.0% GlobalCapital plc 2021. You can also download the prospectus here. - [0.80% MGS 29.04.2027 (III) FI (Sept 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2229/) - [1.00% MGS 23.04.2031 (II) FI (Sept 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3196/) - [0.50% MGS 08.11.2025 (II) FI (Sept 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1220/) - [2020 Mediterranean Investments Holding plc](https://new.rizzofarrugia.com/about-2/services/track-record/2020-mediterranean-investments-holding-plc/) - [1.00% MGS 2031 (II) FI (July 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3195/) - [0.80% MGS 29.04.2027 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2228/) - [0.40% MGS 20.10.2026 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2225/) - [1.00% MGS 23.04.2031 (II) FI (May 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3194/) - [0.40% MGS 20.10.2026 (II) FI (May 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2227/) - [1.85% MGS 30.05.2029 (III) FI (April 2020)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2226/) - [0.75% MGS 17.07.2025 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1217/) - [5.5% MED. INV. HOLDING PLC 2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6589/) - This page includes information on 5.5% Mediterranean Investments Holding plc 2020 Bond. You can also download the prospectus here. - [2016 BOV Subordinated](https://new.rizzofarrugia.com/about-2/services/track-record/2016-bov-subordinated/) - Subordinated Note Issuance Programme €150,000,000 Tranche 2 €75,000,000 3.5% 2030 - [1.50% MGS 22.10.2045 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3193/) - [1.00% MGS 23.04.2031 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3192/) - [0.50% MGS 08.11.2025 (II) FI (Nov 2019)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2224/) - [6.00% CORINTHIA FINANCE PLC 2019-2022](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6565/) - This page includes information on 6.00% Corinthia Finance plc 2019-2022 bonds. You may also download the prospectus here. - [1.85% MGS 30.05.2029 (III) FI (Sept 2019)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2222/) - [0.50% MGS 08.11.2025 (II) FI (Sept 2019)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2221/) - [2.10% MGS 24.08.2039 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3186/) - [2.50% MGS 17.11.2036 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3184/) - [2.20% MGS 24.11.2035 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3189/) - [4.10% MGS 18.10.2034 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3175/) - [4.30% MGS 01.08.2033 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3173/) - [4.65% MGS 22.07.2032 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3165/) - [5.2% MGS 16.09.2031 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3156/) - [5.25% MGS 23.06.2030 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3147/) - [5.10% MGS 01.10.2029 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3159/) - [2.30% MGS 24.07.2029 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3179/) - [1.85% MGS 30.05.2029 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3191/) - [1.85% MGS 30.05.2029 (III) FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2220/) - [4.5% MGS 25.10.2028 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2181/) - [4.8% MGS 11.09.2028 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3162/) - [1.50% MGS 15.06.2027 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2213/) - [3.3% MGS 12.11.2024 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2195/) - [1.40% MGS 29.07.2024 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2217/) - ​a2217 - [1.40% MGS 11.11.2023 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2212/) - [5.5% MGS 06.07.2023 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3133e/) - [5.1% MGS 16.08.2022 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3131e/) - [1.50% MGS 11.07.2022 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2204/) - [4.3% MGS 15.05.2022 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2169/) - [5.00% MGS 08.08.2021 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3127e/) - [FR% MGS 29.10.2020 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2200/) - [2.0% MGS 26.09.2020 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2199/) - [3.35% MGS 2020 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2192/) - [4.6% MGS 25.04.2020 (II)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3145/) - [5.2% MGS 10.06.2020 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a3120e/) - [FR% MGS 27.11.2019 (VI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1215/) - [3.0% MGS 22.09.2019 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2186/) - [6.6% MGS 01.09.2019 (I)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2145e/) - [4.00% INT. HOTEL INV. PLC 20.12.2026 FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6627/) - This page includes information on 4% IHI plc 2026 Bonds. You can also download the prospectus here. - [6.00% MEDIRECT BANK PLC 2019/24 (GBP)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7508/) - This page includes information on 6.00% MEDIRECT BANK PLC 2019/24 (GBP) Bond. You can also download the prospectus here. - [6.00% MEDIRECT BANK PLC 2019/24 (EUR)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6584/) - This page includes information on 6.00% MEDIRECT BANK PLC 2019/24 (EUR) bond. You can also download the prospectus here. - [7.50% MEDIRECT BANK PLC 14.12.2019 (GBP)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7506/) - This page includes information on 7.50% MEDIRECT BANK PLC 14.12.2019 (GBP) bonds. You may also download the prospectus. - [4.90% GASAN FINANCE COMPANY PLC 2019/21](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6572/) - This page includes information on 4.90% GASAN FINANCE COMPANY PLC 2019/21 bonds. You can also download the prospectus here. - [5.5% PENDERGARDENS DEVELOPMENTS PLC 31.05.2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6576/) - This page includes information on 5.5% Pendergardens Developments plc 2020 bonds. You may also download the Prospectus here. - [4.80% BANK OF VALLETTA PLC 2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7663/) - This page includes information on 4.80% BANK OF VALLETTA PLC 2020 bonds. You may also download the prospectus here. - [7.50% MEDIRECT BANK PLC 14.12.2019 (EUR)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6568/) - This page includes information on 7.50% MEDIRECT BANK PLC 14.12.2019 (EUR) bonds. You may also download the prospectus. - [1.40% MGS 29.07.2024 (III) FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1216/) - ​a1216 - [3.2% MGS 31.07.2019 (V)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2191/) - [Corporate Advisory](https://new.rizzofarrugia.com/about-2/services/corporate-advisory/) - Our track record to date in this field is unparalleled as can be seen from the below extensive list of projects we were involved in. We have assisted some of Malta’s largest companies to ‘go public’ either through bond or share issues by acting as Sponsor in terms of the MFSA Listing Rules. We also - [2019 BMIT Technologies plc Initial Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2019-bmit-technologies-plc-initial-public-offer/) - [Investor Education](https://new.rizzofarrugia.com/investor-education/) - In this section you will find some guidelines on a variety of basic topics related to investment and trading in shares, bonds and funds. - [Stockbroking](https://new.rizzofarrugia.com/about-2/services/stockbroking/) - This section covers the stockbroking service offered by Rizzo Farrugia Stock brokers - [Sales](https://new.rizzofarrugia.com/order-forms/sales/) - This section details the procedure users have to follow to sell shares, bonds or Malta Government Stocks on the Malta Stock Exchange. Order forms also available. - [Purchases](https://new.rizzofarrugia.com/order-forms/purchases/) - This section details the procedure users have to follow to buy shares, bonds or Malta Government Stocks on the Malta Stock Exchange. Order forms also available. - [Client Information](https://new.rizzofarrugia.com/client-information/) - Disclaimer Privacy Policy Best Execution Policy Conflicts of Interest Policy Order Allocation Policy General Terms of Business Nominee Service Terms and Conditions - [5.35% IZOLA BANK PLC SECURED NOTES 2015](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6558/) - This page includes information on 5.35% Izola Bank plc Secured Notes 2015 bonds. You may also download the prospectus and final terms here. - [4.25% Bank of Valletta plc 2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6566/) - This page includes information on 4.25% Bank of Valletta plc 2019 bonds. You may also download the base prospectus, final terms and supplements here. - [Disclaimers](https://new.rizzofarrugia.com/researchportal/disclaimers/) - Disclaimer of Warranties: All reasonable steps are taken to ensure that the content within the Research Reports is accurate at the time of publication. The Research Reports are not intended to be used as, or considered to constitute financial or professional advice, with respect to the acquisition of investments. The Company makes no representations or - [Policies](https://new.rizzofarrugia.com/researchportal/policies/) - Disclosure of Potential Conflicts: The Company and its respective officers and employees may, from time to time, hold or deal in its/their personal name or on behalf of clients, the investments mentioned in the Research Reports, including in a manner which may be inconsistent with the content of the Research Reports. Where the Company acts - [Subscription Information](https://new.rizzofarrugia.com/researchportal/subscription-information/) - Subscription period: The first subscription period shall run from the date of this agreement to 30th April 2017. Thereafter, subscription shall run from 1st May each year to 30th April of the subsequent year. Schedule of Charges: FREE No Fee is applicable to Clients holding a portfolio of a minimum of €250,000 under nominee and - [Service Description](https://new.rizzofarrugia.com/researchportal/service-description/) - The Company: Rizzo, Farrugia & Co (Stockbrokers) Limited is a private limited liability company, a member of the Malta Stock Exchange and licensed to provide investment services in terms of the Investment Services Act (Cap. 370 of the Laws of Malta). It is registered under the laws of Malta, bearing registration number C13102 and has - [Terms of Use](https://new.rizzofarrugia.com/researchportal/terms-of-use/) - Terms of Use: Eligibility: Applications will be accepted only in cases where the Client is an active client of Rizzo, Farrugia & Co (Stockbrokers) Ltd. ‘Active client’ shall generally mean a client who has used Rizzo Farrugia’s services for the buying and selling of securities for a minimum of ten transactions during the previous two-year - [Data Protection](https://new.rizzofarrugia.com/researchportal/data-protection/) - Data Protection and Use of E-Mail/Internet: In terms of the Data Protection Act (Chapter 440 of the Laws of Malta), Rizzo Farrugia will process the Receiving Party’s data for the following purposes, namely: To provide its products and services; For internal assessment and analysis (including market and product analysis); For the detection and prevention of - [Research Portal](https://new.rizzofarrugia.com/researchportal/) - Latest Reports Welcome to the Latest Investment Research Reports uploaded on the Rizzo Farrugia Research Portal. Should you wish to read other Investment Research Reports, please visit the Directory menu where all reports can be viewed. We hope you find the Research Portal useful and we welcome your feedback by completing the form available in - [Contact](https://new.rizzofarrugia.com/researchportal/contact/) - Send Us Your Feedback… We welcome your feedback, suggestions and/or questions related to our Research Portal or any of the Investment Research Reports contained herein. Simply complete the adjacent form and we will get back to you as soon as possible. Alternatively, you may wish to reach your contact person at our office by telephone - [Securities Data](https://new.rizzofarrugia.com/malta-market-data/securities-data/) - [5.35% Bank of Valletta plc 2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7656/) - This page includes information on 5.35% Bank of Valletta plc 2019. You can also download the prospectus here. - [1.85% MGS 30.05.2029 (III) FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2218/) - [2014 Tumas Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2014-tumas-public-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2015 BOV Subordinated](https://new.rizzofarrugia.com/about-2/services/track-record/2015-mih-bonds-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2018 Fimbank Rights issue](https://new.rizzofarrugia.com/about-2/services/track-record/2014-ihg-bonds-2-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2018 Trident Estates plc Intermediaries Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-virtu-finance-intermediaries-offer-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 Virtu Finance Intermediaries Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-virtu-finance-intermediaries-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 Tumas Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2014-ihg-bonds-2-2-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 MIH Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-mih-public-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 Farsons Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-farsons-public-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 Grand Harbour Marina Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2010-grand-harbour-marina-bonds-2/) - [2016 Plaza Intermediaries Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2016-plaza-intermediaries-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2016 TT ML Voluntary Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2016-globalcapital-rights-issue-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2016 GlobalCapital Rights Issue](https://new.rizzofarrugia.com/about-2/services/track-record/2016-globalcapital-rights-issue/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2016 Medserv Rights Issue](https://new.rizzofarrugia.com/about-2/services/track-record/2015-mih-bonds-2-2-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2016 Medserv Intermediaries Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2015-mih-bonds-2-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2015 Crimsonwing Bid](https://new.rizzofarrugia.com/about-2/services/track-record/2014-santumas-listing-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2014 Santumas Listing](https://new.rizzofarrugia.com/about-2/services/track-record/2014-santumas-listing/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2014 Fimbank Shares](https://new.rizzofarrugia.com/about-2/services/track-record/2014-ihg-bonds-2/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2014 IHG Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2014-ihg-bonds/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2015 MIH Bonds](https://new.rizzofarrugia.com/about-2/services/track-record/2015-mih-bonds/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2018 Exalco Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2018-exalco-public-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2018 Main Street Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-virtu-finance-intermediaries-offer-3/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2018 Melite Finance plc Public Offer of €9.25 million 4.85% Secured Bonds 2028](https://new.rizzofarrugia.com/about-2/services/track-record/2018-melite-finance-plc-public-offer-of-e9-25-million-4-85-secured-bonds-2028/) - [2017 PG Public Offer](https://new.rizzofarrugia.com/about-2/services/track-record/2017-pg-public-offer/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [2017 BOV Rights Issue](https://new.rizzofarrugia.com/about-2/services/track-record/2017-bov-rights-issue/) - Public Offer of €35,000,000 6.0% Island Hotel Group Holdings plc 2024 - [FR% MGS 25.03.2019 (IV)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a2187/) - [​The Company](https://new.rizzofarrugia.com/about-2/company/) - This section gives an overview of the services provided by Rizzo Farrugia stock brokers and the Board of Directors. - [Track Record](https://new.rizzofarrugia.com/about-2/services/track-record/) - This section talks about how Rizzo Farrugia stock brokers assist companies to raise funds from the domestic capital markets. - [6.0% MEDSERV PLC 2020/23 - Tranche II](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6574/) - This page includes information on 6.0% Medserv plc 2020-2023 Tranche II notes. You may also download the Base Prospectus, Supplements & Final Terms here. - [News](https://new.rizzofarrugia.com/news/) - [FR% MGS 12.12.2018 (VII)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/a1209/) - [Malta Government Stocks](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/) - This page includes a list of the existing Malta Government Stocks and their respective amount issued, maturity, interest, price, yield, bids and offers. - [Corporate Bonds](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/) - This page includes a list of the existing Corporate bonds and their respective amounts issued, maturity, interest, price, yield, bids and offers. - [Equities](https://new.rizzofarrugia.com/malta-market-data/securities-data/equities/) - Our experience, reputation, market knowledge and excellent working relationship with the regulators and industry professionals allow us to provide this service with determination and confidence. - [Malta Market Data](https://new.rizzofarrugia.com/malta-market-data/) - [6.75% United Finance plc 2014-2016](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6201/) - This page includes information on 6.75% United Finance plc 2014-2016. You can also download the prospectus here. - [4.25% MGS 06.11.2017 (III)](https://new.rizzofarrugia.com/malta-market-data/securities-data/malta-government-stocks/g17c/) - [Brokerage Rates](https://new.rizzofarrugia.com/malta-market-data/brokerage-rates/) - This section shows the brokerage rates that Rizzo Farrugia Stock Brokers apply in respect of buying and selling securities listed on the Malta Stock Exchange. - [Our Services](https://new.rizzofarrugia.com/about-2/services/) - The services provided by Rizzo Farrugia are stockbroking, investment advice, discretionary portfolio management and corporate advisory services. - [7% Grand Harbour Marina plc 2017 - 2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7661/) - This page includes information on 7% Grand Harbour Marina plc 2017-2020 bonds. You may also download the prospectus here. - [6.25% International Hotel Investments plc 2017 - 2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7664/) - This page includes information on 6.25% International Hotel Investments plc 2017 - 2020. You can also download the prospectus here. - [7% MIDI plc 2016-2018 GBP](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7501/) - This page includes information on 7% MIDI plc 2016-2018 GBP. You can also download the prospectus here. - [7% MIDI plc 2016-2018 EUR](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7654/) - This page includes information on 7% MIDI plc 2016-2018 EUR. You can also download the prospectus here. - [Financial Articles](https://new.rizzofarrugia.com/financial-articles/) - This section contains an archive of the weekly financial article submitted by Edward Rizzo, a Director of Rizzo Farrugia Stock Brokers, published on The Times of Malta. - [Directory](https://new.rizzofarrugia.com/researchportal/directory/) - [3.5% Bank of Valletta plc 2030 - S2 T2 (Subordinated)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6597/) - This page includes information on 3.5% Bank of Valletta plc 2030 Series 2 Tranche 2 subordinated notes. You may also download the prospectus, supplement and final terms here. - [3.5% Bank of Valletta plc 2030 - S1 T2 (Subordinated)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6596/) - This page includes information on 3.5% Bank of Valletta plc 2030 Series 1 Tranche 2 subordinated notes. You may also download the prospectus, supplement and final terms here. - [4.8% Bank of Valletta plc Notes 2018](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6563/) - This page includes information on 4.8% Bank of Valletta plc 2020 bonds. You may also download the prospectus here. - [7.15% Mediterranean Investments Holding plc 2015 - 2017 USD](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7504/) - This page includes information on the US Dollar 7.15% Mediterranean Investments Holding plc 2015 - 2017 bonds You may also download the prospectus here. - [7.15% Mediterranean Investments Holding plc 2015 - 2017 GBP](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7503/) - This page includes information on the Sterling 7.15% Mediterranean Investments Holding plc 2015 - 2017 bonds You may also download the prospectus here. - [7.15% Mediterranean Investments Holding plc 2015 - 2017 EUR](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6559/) - This page includes information on 7.15% Mediterranean Investments Holding plc 2015 - 2017 bonds You may also download the prospectus here. - [7.5% Mediterranean Investments Holding plc 2015](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9902/) - This page includes information on 7.5% Mediterranean Investments Holding plc 2015 bonds You may also download the prospectus here. - [7.5% HOTEL SAN ANTONIO PLC 2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9025e/) - This page includes information on 7.5% Hotel San Antonio plc 2012. You may also download the prospectus here. - [7.15% Melita Capital plc 2014-2016](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9903/) - This page includes information on 7.15% Melita Capital plc 2016 bonds. You may also download the prospectus here. - [7.5% Mediterranean Bank plc 14.12.2019 (EUR) FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6569/) - This page includes information on 7.5% Mediterranean Bank plc 2019 bonds. You may also download the prospectus. - [7.5% Mediterranean Bank plc 14.12.2019 (GBP) FI](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7507/) - This page includes information on 7.5% Mediterranean Bank plc 2019 bonds. You may also download the prospectus. - [7.5% Mediterranean Investments Holding plc 2014](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9901/) - This page includes information on 7.5% Mediterranean Investments Holding plc 2014 bonds. You may also download the prospectus here. - [8% BANK OF VALLETTA PLC 2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7500/) - This page includes information on 8% Bank of Valletta plc 2010. You can also download the prospectus here. - [8% BAY STREET FINANCE PLC 2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9050e/) - This page includes information on 8% Bay Street Finance plc 2012 bonds. You may also download the prospectus here. - [7% GAP Developments plc Secured 2011/2013](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9900/) - This page includes information on 7% GAP Developments plc 2013 bonds. You may also download the prospectus here. - [7% FIMBank plc 2012/19 USD](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7502/) - This page includes information on 7% FIMBank plc 2012/2019 USD. You can also download the prospectus here. - [7% FIMBank plc 2012/19 EUR](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7655/) - This page includes information on 7% FIMBank plc 2012/2019 EUR. You can also download the prospectus here. - [6.8% Premier Capital plc 2017 - 2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7665/) - This page includes information on 6.8% Premier Capital plc 2017 - 2020. You can also download the prospectus here. - [6.75% CORINTHIA FINANCE PLC 2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6250e/) - This page includes information on 6.75% Corinthia Finance plc 2012. You can also download the prospectus here. - [6.7% TUMAS INVESTMENTS PLC 2010/2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6425e/) - This page includes information on 6.7% Tumas Investments plc 2010/2012. You can also download the prospectus here. - [6.7% MIZZI ORGANISATION FINANCE PLC 2009/2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6375e/) - This page includes information on 6.7% Mizzi Organisation Finance plc 2009/2012. You can also download the prospectus here. - [6.7% EDEN FINANCE PLC 2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6300e/) - This page includes information on 6.7% Eden Finance plc 2010. You can also download the prospectus here. - [6.7% CORINTHIA FINANCE PLC 2009](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6225e/) - The Company Corinthia Finance plc was set up and established to act as a finance company for the Corinthia Group and is a fully owned subsidiary of Corinthia Palace Hotel Co. Ltd. Corinthia Palace Hotel Co. Ltd. is the parent company of the Corinthia Group and is both an operating and an investment company with - [6.7% AX Investments plc 2014](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6552e/) - This page includes information on 6.7% AX Investments plc 2014/2016. You can also download the prospectus here. - [6.6% SIMONDS FARSONS CISK PLC 2010/2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6475e/) - This page includes information on 6.6% Simonds Farsons Cisk plc 2010/2012. You can also download the prospectus here. - [6.6% Eden Finance plc 2017-2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6556/) - This fact sheet gives the salient details of the 6.6% Eden Finance plc 2017-2020 bonds. - [6.50% INT. HOTEL INVESTMENTS PLC 2012/2014](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7651/) - This page includes information on 6.5% International Hotel Investments plc 2012/2014. You can also download the prospectus here. - [6.50% CORINTHIA FINANCE PLC 2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7600/) - The Company Corinthia Finance plc was set up to act as a finance company for the Corinthia Group and is a fully owned subsidiary of Corinthia Palace Hotel Co. Ltd. The Corinthia Group, of which Corinthia Palace Hotel Company Ltd is the mother company, holds a 50% shareholding in Mediterranean Investments Holding plc and is - [6.5% ISLAND HOTELS GROUP HOLDINGS PLC 2017-2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7659/) - This page includes information on 6.5% Island Hotels Group Holdings plc 2017-2019. You can also download the prospectus here. - [6.5% CAREMALTA FINANCE PLC 2008/2011](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6500e/) - The Company CareMalta Finance plc is a fully owned subsidiary of CareMalta Group Ltd. and was set up on 26th August 2002 to act as the finance arm of the CareMalta Group. The CareMalta Group was set up in 1992 under the name Healthcare Services Ltd. as a subsidiary of Vassallo Builders Group through a - [6.3% INT. HOTEL INVESTMENTS PLC 2013](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6525e/) - This page includes information on 6.3% International Hotel Investments plc 2013. You can also download the prospectus here. - [6.25% Tumas Investments plc 2014](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6426/) - This page includes information on 6.25% Tumas Investments plc 2014-2016. You can also download the prospectus here. - [6.25% MEDITERRANEAN BANK PLC 30.10.15 (FI)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6562/) - This page includes information on 6.25% Mediterranean Bank plc 2015 bonds. You may also download the prospectus. - [6.25% Mediterranean Bank plc 30.10.15](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6560/) - This page includes information on 6.25% Mediterranean Bank plc 2015 bonds. You may also download the prospectus. - [6.25% Int. Hotel Investments plc 2015-2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7657/) - This page includes information on 6.25% International Hotel Investments plc 2015-2019. You can also download the prospectus here. - [6.25% Corinthia Finance plc 2016-2019 (Second Issue)](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7662/) - This page includes information on 6.25% Corinthia Finance plc 2016-2019 bonds. You may also download the prospectus here. - [6.25% CORINTHIA FINANCE PLC 2016-2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7658/) - This page includes information on 6.25% Corinthia Finance plc 2016-2019 bonds. You may also download the prospectus here. - [6.2% Tumas Investments plc 2017-2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6557/) - This fact sheet gives details on the new 6.2% Tumas Investments plc bonds which have been issued in June 2010 - [6.2% Mizzi Organisation Finance plc 2016 - 2019](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7660/) - This page includes information on 6.2% Mizzi Organisation Finance plc 2016-2019 bonds. You may also download the prospectus here. - [6.2% / 6.8% INT. HOTEL INVESTMENTS PLC 2013](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7650/) - This page includes information on 6.2% / 6.8% International Hotel Investments plc 2013. You can also download the prospectus here. - [6.15% BANK OF VALLETTA PLC 2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6275e/) - The Company Bank of Valletta p.l.c. was established on 21st March 1974. However its roots date back to 1809, when a group of prominent Maltese and British businessmen founded the Anglo-Maltese bank. Banco di Malta and B Tagliaferro & Sons were established in 1812 whilst Sciclunas Bank was set up in 1830. In 1946, the - [6% Simonds Farsons Cisk plc 2017-2020](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6555/) - This fact sheet gives the details of the 6% Simonds Farsons Cisk plc 2017-2020 bond. - [6% Gasan Finance plc 2014 - 2016](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6126/) - This page includes information on 6% Gasan Finance plc 2014 - 2016. You can also download the prospectus here. - [6% DOLMEN PROPERTIES PLC SECURED 2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6550e/) - This page includes information on 6% Dolmen Properties plc Secured 2010 / 2013. You can also download the prospectus here. - [5.9% HSBC Bank Malta plc 2018](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7653/) - This page includes information on 5.9% HSBC Bank Malta plc 2018. You can also download the prospectus here. - [5.75% MARINER FINANCE PLC 2008/2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7400/) - This page includes information on 5.75% Mariner Finance plc 2008/2010. You can also download the prospectus here. - [5.6% GLOBALCAPITAL PLC 2014/2016](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6551/) - This page includes information on 5.6% GlobalCapital plc 2014/2016. You can also download the prospectus here. - [5% INT HOTEL INVESTMENTS PLC 2010](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a8500e/) - This page includes information on 5% International Hotel Investments plc 2010. You can also download the prospectus here. - [4.8% Bank of Valletta plc Notes 2018 Tranche II](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6564/) - This page includes information on 4.8% Bank of Valletta plc 2018 bonds. You may also download the prospectus here. - [4.6% HSBC Bank Malta plc 2017](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7652/) - This page includes information on 4.6% HSBC Bank Malta plc 2017. You can also download the prospectus here. - [4.25% FIMBank plc 2013 USD](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a7505/) - This page includes information on 4.25% FIMBank plc 2013 EUR bonds. You can also download the prospectus here. - [4.25% FIMBank plc 2013 EUR](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6561/) - This page includes information on 4.25% FIMBank plc 2013 EUR bonds. You can also download the prospectus here. - [7% PAVI Shopping Complex plc Secured 2014](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9077e/) - This page includes information on 7% PAVI Shopping Complex plc 2017 . You may also download the prospectus here. - [Order Forms](https://new.rizzofarrugia.com/order-forms/) - Through this section users can follow live trading sessions on the Malta Stock Exchange from Monday to Friday between 10:45 am and 12:30 pm. - [4% AX Investments plc 2013](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a6553e/) - This page includes information on 4% AX Investments plc 2013. You can also download the prospectus here. - [7% P G FINANCE PLC SECURED 2010/2012](https://new.rizzofarrugia.com/malta-market-data/securities-data/corporate-bonds/a9075e/) - This page includes information on 7% Big Bon Finance plc 2012 bonds. You may also download the prospectus here. - [Glossary](https://new.rizzofarrugia.com/investor-education/glossary/) - This section provides a definition for the most commonly used investment related terms. Our glossary is made up of over 110 widely used financial terms. - [Nominee Services](https://new.rizzofarrugia.com/about-2/services/nominee-services/) - This section explains the nominee service and lists its advantages. - [Treasury Bills](https://new.rizzofarrugia.com/malta-market-data/treasury-bills/) - This page contains information about the mechanics of Treasury Bills in Malta including issuance and secondary market trading. - [Trading Form](https://new.rizzofarrugia.com/order-forms/trading-form/) - [Order Allocation Policy](https://new.rizzofarrugia.com/client-information/order-allocation-policy/) - 1. Rizzo, Farrugia & Co (Stockbrokers) Ltd (hereinafter “RFC”) gives a date and time stamp to each order received from a client. RFC’s policy is to execute trades individually and in the order they are received namely on a “first come, first served” basis, even in the case of partial execution. In principle therefore, RFC - [Research](https://new.rizzofarrugia.com/research/) - We are committed to providing our clients and potential investors with investment research and for this reason we are one of the few local brokerage houses that have invested in a qualified research team whose main aim is to prepare investment recommendations. Our research unit forms the backbone of all investment decisions and advice provided ## My Templates - [Elementor Header #70089](https://new.rizzofarrugia.com/?elementor_library=elementor-header-70089) - Content area - [Default Kit](https://new.rizzofarrugia.com/?elementor_library=default-kit) - [Elementor Single Page #70083](https://new.rizzofarrugia.com/?elementor_library=elementor-single-page-70083) - Our Expertise, YourInvestment Confidence A founding member of the Malta Stock Exchange At Rizzo Farrugia, we are proud to be a leading investment consultancy with over 30 years of experience in the Maltese financial market. 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