MSE Equity Price Index retreats from six-year high
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 eased by 0.13% to 4,298.7 points, retreating from the six-year high of 4,304.4 points reached in the previous session, as the declines in APS Bank, Grand Harbour Marina, Lombard, MIA and RS2 outweighed the gains in BOV, MIDI, Santumas Shareholdings, Computime, PG and HSBC. Two other equities closed unchanged, with total trading value amounting to €0.35 million. Download today’s Equity Market Summary.
International Hotel Investments plc closed unchanged at €0.64 on a single trade of 100 shares and published its interim results for the six months ended 30 June 2026.
Revenue remained broadly in line with the previous comparable period at €150.3 million from €149.7 million, as lower hotel revenue in Europe following the disposal of a majority stake in the Lisbon hotel on 1 April 2026 was offset by the contribution of Corinthia Rome and higher project management revenue. EBITDA fell by 13.5% to €17.9 million, although IHI noted that on a like-for-like basis, adjusting for the Lisbon disposal and the ramp-up of Corinthia Rome, EBITDA increased by 18% to €19.0 million. Higher net finance costs of €23.5 million widened the loss before tax to €20.5 million from €13.6 million and the net loss attributable to shareholders to €10.5 million from €4.10 million. The net asset value per share eased to €1.124 from €1.162 as at 31 December 2025, while the Directors expect the Group to close the year with higher revenue and EBITDA compared to 2025, excluding the Lisbon hotel.
Bank of Valletta plc was by far the most actively traded equity as it rose 0.4% to €2.28, its highest close since May 2006, across 147,840 shares having a market value of €0.34 million.
MIDI plc advanced 8.5% to €0.23 on a single trade of 17,700 shares, while Santumas Shareholdings plc climbed 7.0% to €1.23 on a single deal of 1,000 shares.
Computime Holdings plc gained 4.3% to €0.49 across 547 shares, PG plc advanced 2.5% to €1.64 on a single trade of 500 shares.
HSBC Bank Malta plc added 1.4% to €1.48 on one deal of 131 shares.
RS2 plc dropped 12.5% to €0.42, although the trade that set the price comprised just seven shares with a market value of under €3. Similarly, Grand Harbour Marina plc declined 5.1% to €0.925 on a single trade of 100 shares.
APS Bank plc eased 3.4% to €0.57 across three deals totalling 196 shares.
Lombard Bank Malta plc fell 2.0% to €0.73 on a single trade of 500 shares, and Malta International Airport plc slipped 0.8% to €6.60 on one deal of 20 shares.
GO plc was the only other active equity as it closed unchanged at €2.58 across three trades of 2,274 shares.
Elsewhere, APS Bank plc and Malta International Airport plc both published their weekly share buy-back disclosures for the week ended 28 August 2026, while RS2 plc announced the appointment of a senior officer.
The RF MGS Index eased by 0.11% to 889.4 points. Addressing the Jackson Hole symposium on Friday, Federal Reserve Chairman Kevin Warsh signalled that the US central bank may need to raise interest rates further. Mr Warsh said that this summer’s inflation readings did not show underlying trends to have meaningfully improved. Euro area sovereign yields extended their advance, with the German 10-year Bund yield climbing above the 3.30% level to 3.32%, its highest since March 2011. Brent crude oil also jumped by 3.2% to just below USD91 per barrel, keeping the inflationary pressures stemming from the conflict in the Middle East in focus.
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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.