BOV dominates trading activity
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 markers in my last article of the year.
The MSE Equity Price Index slipped 0.27% to 4,388.9 points as the declines in six equities outweighed the gains in HSBC, APS, PG and BMIT. Two other equities closed unchanged, while total trading value amounted to €0.26 million. Download today’s Equity Market Summary.
Bank of Valletta plc was the most actively traded equity, accounting for more than half of today’s trading value, as it edged 0.4% lower to €2.39 across ten deals totalling 56,415 shares.
MIDI plc fell by 4.8% to €0.20 across four deals totalling 21,300 shares.
MaltaPost plc also dropped 6.5% to €0.462 across two deals totalling 4,724 shares.
Simonds Farsons Cisk plc declined by 0.8% to €6.55 on a single trade of 250 shares. Yesterday, Farsons published its interim results for the six-month period ended 31 July 2026. Revenue rose by 6.6% to €58.4 million and operating profit increased by 12% to €10.6 million, while pre-tax profit from continuing operations climbed by 13.7% to €10.3 million. However, net profit declined by 20% to €6.79 million from the €8.48 million profit from continuing operations last year, as the tax expense increased to €3.52 million from €0.59 million, since the tax credits which offset the Group’s tax charge in previous years have now been fully accounted for. Farsons shareholders as at the close of trading on Monday 5 October 2026 will be entitled to a net interim dividend of €0.07 per share, 7.7% higher than last year, payable on Wednesday 21 October 2026.
Malta Properties Company plc also lost 4.4% to €0.43 on a single trade of 400 shares.
FIMBank plc shed 8.3% to USD0.31 on a single trade of 1,318 shares.
In contrast, HSBC Bank Malta plc rose by 0.7% to €1.52 across eight deals totalling 34,469 shares. Today, HSBC announced that its Board of Directors is scheduled to meet on Tuesday 27 October 2026 to consider the approval of the third quarter management accounts for the period ending 30 September 2026 and to consider the declaration of an interim dividend.
APS Bank plc gained 1.7% to €0.595 across three deals totalling 9,471 shares.
PG plc also moved 0.6% higher to €1.65 across two deals totalling 2,075 shares.
BMIT Technologies plc surged by 7.2% to €0.268 on a single trade of 10,000 shares.
Malta International Airport plc closed unchanged at €6.55 after recovering from an intraday low of €6.50 (-0.8%) across the 7,372 shares.
International Hotel Investments plc also closed unchanged at €0.62 across two deals totalling 1,801 shares.
The RF MGS Index fell by 0.58% to 868.8 points, with the CBM bid prices reflecting the rise in eurozone sovereign bond yields in early trading as investors priced in further rate hikes by the European Central Bank. Money markets are now pricing a further 25-basis-point increase by the end of 2026.
Today, the Treasury Department established the prices for the two new Malta Government Stocks for an aggregate nominal amount of €300 million subject to an over-allotment option of up to a further €200 million as follows:
(i) 4.30% MGS 2037 (II) at 100.00% for every €100 nominal giving a yield-to-maturity of 4.2997% per annum; and
(ii) 4.50% MGS 2041 (III) at 100.00% for every €100 nominal giving a yield-to-maturity of 4.4995% per annum.
Subscriptions for the General Public open on Monday 5 October 2026 and close on Wednesday 7 October 2026 at 14:30 hrs or earlier at the discretion of the Accountant General.
This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.