BOV share-price reaches fresh 17-year high of €2.10

The MSE Equity Price Index moved 0.39% higher to a one-year high of 3,943.972 points as the gains in six equities outweighed the decline in Farsons. Meanwhile, four other equities closed unchanged as today’s trading activity in local equities totalled €0.28 million. Download today’s Equity Market Summary.

Bank of Valletta plc increased by 1.0% to the €2.10 level, the highest since May 2007, over twenty-four deals totalling 89,091 shares. BOV’s Board of Directors is recommending a final net dividend of €0.0854 per share to be paid on 12 June 2025 to all shareholders as at close of trading on 25 April 2025 subject to regulatory approval and approval by the Annual General Meeting scheduled for 29 May 2025.

GO plc rose by 1.5% to the €2.70 level across four trades amounting to 11,700 shares.  GO is expected to publish its full-year results for 2024 on 16 April 2025.

Harvest Technologies plc moved 2.2% higher to the €0.92 level over two deals totalling 2,550 shares.  The Directors of Harvest resolved to distribute a final net dividend of €0.015 per share which will be paid on 30 April 2025 all shareholders as at the close of today’s trading.

The ordinary shares of RS2 plc rebounded by 8.0% to the €0.378 level on a single trade of 7,000 shares.

PG plc moved 0.5% higher to the €1.86 level over four deals amounting to 11,200 shares.

Malta Properties Company plc advanced by 0.6% to the €0.356 level over trivial volumes.

On the other hand, Simonds Farsons Cisk plc shed 2.4% to the €6.10 level, albeit on muted activity.

Meanwhile, BMIT Technologies plc held the €0.348 level on a single trade of 11,500 shares. BMIT shareholders as at close of trading on Thursday 15 May 2025 will be entitled to a net dividend per share of €0.0189. Shareholders will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.319 per share.

HSBC Bank Malta plc traded flat at the €1.52 level as 2,038 shares changed hands. Shareholders as at close of trading on 9 April 2025 will be entitled to a final net dividend of €0.078 per share to be paid on 20 May 2025 to all subject to approval by the Annual General Meeting scheduled for 13 May 2025.

Also in the banking sector, Lombard Bank Malta plc held the €0.76 level on two deals amounting to 10,124 shares. Lombard is expected to publish its 2024 annual financial statements on 16 April 2025.

Malta International Airport plc closed unchanged at the €6.10 level across five trades amounting to 4,200 shares. MIA shareholders as at the close of trading on Thursday 10 April 2025 will be entitled for a final net dividend of €0.12 per share to be paid by not later than Saturday 31 May 2025.

The RF MGS Index increased for the sixth consecutive session to a one-month high of 910.570 points. Today, ECB President Christine Lagarde noted that the ECB is very close to reaching its inflation target and that the disinflationary process is well underway. Nonetheless, she noted that steps need to be taken to ensure that inflation is sustained at the target level especially in the context of the planned expenditure increase in the EU. The ECB President also stated that the impact of the new US tariffs is uncertain and will vary depending on the scope, the products targeted, the length, and whether negotiations take place.

 

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.