MIA passenger traffic reaches record levels in July
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 rose by 0.54% to 4,154.9 points as the increases in BOV and FIMBank outweighed the declines in HSBC and Quinco. A further seven equities closed unchanged. Total trading value dropped back to €168,000 from more than €412,000 in the previous session. Download today’s Equity Market Summary.
Malta International Airport plc was today’s most actively traded equity as it held the €6.35 level across 7,210 shares. Today, MIA announced that it welcomed an all-time monthly record of 1,187,590 passengers in July, 14.7% higher than in the same month last year, with the seat load factor at 87.6% despite a 17.4% rise in seat capacity. MIA is forecasting 11.2 million passenger movements for 2026, revised upwards from the 10.5 million projected in January. Shareholders as at close of trading on Tuesday 18 August 2026 will receive a net interim dividend of €0.06 per share by no later than Friday 11 September 2026.
AX Real Estate plc traded flat at the €0.49 level across 72,764 shares.
Trident Estates plc closed unchanged at €1.10, although most of the 9,100 shares that traded exchanged hands at €1.00 (-9.1%).
Malita Investments plc ended the session unchanged at €0.376, across 24,511 shares.
APS Bank plc stayed at the €0.59 level across 15,314 shares.
GO plc and International Hotel Investments plc each closed unchanged, at €2.54 and €0.59 respectively on muted activity.
FIMBank plc surged by 15.6% to USD0.185 across 50,000 shares.
Bank of Valletta plc also advanced by 1.4% to €2.18, across 3,540 shares.
In contrast, HSBC Bank Malta plc eased by 0.7% to €1.45 across 24,430 shares.
Quinco Holdings plc closed 3.4% lower at €0.85, but the volume-weighted average price of the session stood at €0.80 (-9.0%). A total of 8,250 shares changed hands.
Yesterday, Main Street Complex plc published its interim financial statements for the six months ended 30 June 2026. Revenue declined by 61% to €130,869 and the company reported a loss before tax of €40,593 against a profit before tax of €141,484 a year earlier, which the Directors attributed to the expiry of most tenants’ leases in March 2026 and the start of the refurbishment programme in April.
The RF MGS Index fell by 0.41% to 893.3 points as the yield curve steepened. In this respect, the German 10-year Bund yield climbed to around 3.2% from around 3.1% earlier this week, approaching the 15-year high above 3.2% reached in July, with higher oil prices again weighing on the inflation outlook. US West Texas Intermediate futures climbed back above USD82 per barrel yesterday as a deal to reopen the Strait of Hormuz seemed further away than investors had thought, while the US Strategic Petroleum Reserve dropped below 300 million barrels last week to its lowest level since 1983. Meanwhile, the White House extended its waiver of the Jones Act, the 1920 law requiring that US vessels transport goods between American ports, for a further 90 days as it aims to keep oil flowing amid the Iran war.
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.