Three Equities pull MSE Equity Price Index lower

The MSE Equity Price Index declined by 0.15% to 3,737.530 points as the declines in GO, APS and IHI outweighed the gains in BOV and MaltaPost. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.18 million. Download today’s Equity Market Summary.

Bank of Valletta plc increased by 1.1% to the €1.88 level over nine deals totalling 8,218 shares. Yesterday, BOV announced that the Board of Directors approved a draft base prospectus in respect of an Unsecured Euro Medium Term Bond Programme of up to €325 million and approved the filing of an application with the MFSA requesting admissibility to listing of the Programme. Subject to regulatory approval, BOV will be issuing the first series and tranche of bonds under the Programme consisting of up to €125 million 5% unsecured subordinated bonds maturing in 2030-2035.

MaltaPost plc surged by 4.3% to the €0.438 level on two trades amounting to 25,050 shares.

On the other hand, International Hotel Investments plc slumped by 4.2% to the €0.414 level on a single trade of 1,500 shares.

GO plc fell by 2.3% to the €2.60 level across six deals amounting to 25,000 shares.

APS Bank plc shed 1.9% to the €0.52 level on two deals amounting to 6,006 shares. Last Tuesday, APS announced that subject to regulatory approval, it will be offering 3 new shares for every 11 ordinary shares held (3-for-11 rights issue), which shall have the same rights and entitlements to existing shares. The announcement stated that the rights issue price has been set at €0.44 per new ordinary share. This represents a discount of 43% to the net asset value of €0.775 per share as at 30 June 2025. APS explained that the Rights Issue will first be offered to shareholders as at the close of trading on Thursday 2 October 2025. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer, also at a price of €0.44 per share. APS reiterated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage, with the publication of the prospectus and relative application forms expected in the second half of October 2025.

Meanwhile, Hili Properties plc traded flat at the €0.24 level as 207,200 shares changed hands.

Simonds Farsons Cisk plc held the €4.90 level across six trades totalling 5,852 shares.

Malta International Airport plc closed unchanged at the €6.00 level on two deals totalling 886 shares.

HSBC Bank Malta plc held the €1.43 level albeit over trivial volumes.

RF MGS Index rose by 0.16% to 909.523 points. Data released today showed further weakness in the economy of the euro area as unemployment during September unexpectedly rose to 6.3%, above expectations of a flat 6.2% reading. Meanwhile, Italy’s public finance targets which were published today showed that the country intends to implement more ambitious deficit cuts, reducing the budget deficit target to 3% from the 3.3% goal which was set last April. The improvement is being driven by stronger-than-expected tax revenue, supported by job growth and inflation pushing taxpayers into higher tax brackets.

 

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.