BOV drops to three-month low
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 remained practically unchanged at 3,916.4 points as the gains in Malita, Mapfre Middlesea, FIMBank, APS, and Farsons were offset by the declines in MaltaPost, BOV, MIA, IHI and HSBC. Meanwhile, three equities closed unchanged as today’s total trading activity amounted to €0.33 million. Download today’s Equity Market Summary.
Bank of Valletta plc shed 1.5% to a three-month low of €1.98 across 22 trades totalling 65,350 shares. Last Friday, BOV announced that following the publication of a Base Prospectus for a €650 million Euro Medium Term Note Programme, the bank published the Term Sheet for an issue of €300 million 4.467% Fixed Rate Reset Callable Senior Preferred Notes due 28 May 2032. The Notes are expected to be rated BBB by Fitch Ratings. The order book peaked at approximately €0.8 billion (2.6x oversubscription) and closed at around €0.6 billion (2.0x oversubscription), highlighting robust appetite for the Bank’s credit and the strength of investor confidence in its business model. The Bank will, subject to regulatory approval, have the right to call the Notes in whole, but not in part, on 28 May 2031. If not called, interest on the Notes will be reset at a margin of 150 basis points plus the one-year euro mid-swap rate on 28 May 2031.
Also in the banking sector, HSBC Bank Malta plc slipped by 0.7% to the €1.41 level across three trades totalling 22,000 shares.
Malta International Airport plc eased by 0.8% to the €6.00 level across nine trades totalling 11,336 shares.
International Hotel Investments plc declined by 2.0% to the €0.50 level albeit over trivial volumes.
MaltaPost plc fell by 7.4% to the €0.40 level across five trades totalling 15,342 shares.
On the other hand, Malita Investments plc rebounded by 11.5% to the €0.35 level on a single deal of 14,444 shares.
Mapfre Middlesea plc rose by 11.1% to the €1.50 level across four trades totalling 2,107 shares.
FIMBank plc gained 10.3% to the USD0.16 level on three trades totalling 165,694 shares.
APS Bank plc edged up 1.8% to the €0.57 level across sixteen trades totalling 47,340 shares.
Simonds Farsons Cisk plc advanced by 0.9% to the €5.90 level on a single deal of 300 shares. Farsons is expected to publish the annual results for the financial year ended 31 January 2026 tomorrow.
Meanwhile, GO plc closed unchanged at the €2.48 level across seven trades totalling 8,041 shares.
Hili Properties plc held the €0.27 level across two trades totalling 48,600 shares.
Also in the property sector, Malta Properties Company plc retained the €0.366 level on a single deal of 2,250 shares.
The RF MGS Index increased by 0.04% to 895.889 points as oil fell to a five-week low below USD93 per barrel. Elsewhere, Bank of France Governor Francois Villeroy de Galhau stated that the ECB will do whatever necessary to bring inflation back down to the 2% target in the medium term. Villeroy de Galhau specified that the ECB aims to prevent inflation from higher oil prices spilling into core and service inflation. In this context, the ECB is expected to increase its interest rates by 25 basis points at its next monetary policy meeting of 11 June.
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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.