BOV reaches record market cap of €1.4 billion
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 advanced for the third consecutive session as it added 0.38% to 4,131.8 points, with the increases in BOV, IHI and Farsons outweighing the decline in Malita. Meanwhile, seven other equities closed the day unchanged as total trading value amounted to €0.28 million. Download today’s Equity Market Summary.
Bank of Valletta plc was today’s most actively traded equity as it climbed by a further 0.9% to the €2.19 level across fifteen deals totalling 33,280 shares. The market capitalisation of BOV surpassed the €1.4 billion level for the first time ever. Last week, the board of BOV declared a net interim dividend of €33.6 million, which is equivalent to €0.0523 per share payable to all shareholders as at close of trading on Tuesday 4 August 2026. The dividend will be paid on Friday 21 August 2026.
Simonds Farsons Cisk plc rose by 1.8% to the €5.70 level across volume of 2,191 shares.
International Hotel Investments plc closed 0.9% higher at €0.59 after recovering from an intraday low of €0.545 (-6.8%), with total volume amounting to 3,036 shares.
APS Bank plc closed unchanged at the €0.58 level after recovering from an intraday low of €0.56 across six deals totalling 114,055 shares. Last week, the Board of Directors of APS declared a net interim dividend of €0.0082 per share. This dividend in the form of scrip is payable to all shareholders as at close of trading on Tuesday 18 August 2026. The attribution price for the determination of the scrip dividend will be announced on 20 August 2026 and the payment date is set for 30 September 2026.
Malta International Airport plc held the €6.25 level across eight deals. Last week, the Board of Directors of MIA declared a net interim dividend of €0.06 per share, which is unchanged from the previous year. The dividend is payable by no later than Friday 11 September 2026 to all shareholders as at close of trading on Tuesday 18 August 2026. MIA revised its 2026 traffic, revenue and profitability forecasts upwards from those issued in January and now expects to close 2026 with passenger movements of 11.2 million (previous forecast: 10.5 million), revenue of €170 million (4.9% higher than the previous forecast of €162 million), EBITDA of €105 million (7.1% higher than the previous forecast of €98 million), and net profit of €62 million (21.6% higher than the previous forecast of €51 million). Today, MIA announced that last week it bought 639 of its own shares at €6.20 per share.
HSBC Bank Malta plc closed unchanged at the €1.43 level across five deals. Tomorrow, HSBC will be publishing its interim results for the six-month period ended 30 June 2026.
GO plc closed unchanged at the €2.50 level with almost €30,000 changing hands, while AX Real Estate plc traded flat at the €0.49 level across 50,000 shares.
BMIT Technologies plc and MedservRegis plc also traded flat at the €0.254 and €0.65 levels respectively on negligible volumes.
In contrast, Malita Investments plc (-1.1% to €0.376) was today’s only negative performer on the main market.
The RF MGS Index advanced for the second consecutive session as it jumped by 0.54% to 894.8 points. In fact, the German 10-year yield eased to 3.15% from Friday’s 15-year high of 3.21% as Brent oil price fell by more than 5% to below USD84 per barrel after the US called off a planned military strike on Iran and announced that fresh talks with Tehran would begin today. The euro area sovereign bond markets also trimmed expectations of further ECB tightening, although a rate hike by September remains largely priced in.
Last Friday, the Treasury Department announced that it received applications totalling around €851.5 million for the two new Malta Government Stocks, against an offer of €300 million which could be increased by a further €200 million. In this respect, the Treasury exercised virtually all of its over-allotment option and allotted a total of €499 million. Subscriptions from retail investors at the fixed prices amounted to around €162 million, equivalent to 32% of the total allotment, and will be accepted in full, while €337 million were allotted to institutional investors through the competitive auction, with the weighted average accepted bids translating into yields-to-maturity of 3.856% for the 3.80% MGS 2036 (IV) and 4.515% for the 4.25% MGS 2046 (II).
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.