BOV share price climbs to fresh seven-year high

The MSE Equity Price Index fell by 0.15% to 3,911.898 points as the declines in seven equities outweighed the gain in BOV. Meanwhile, five equities closed unchanged as today’s trading activity in local equities amounted to €0.26 million. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity and the only positive performer as it surged by 2.1% to a new seven-year high of €1.97 across twenty trades amounting to 79,140 shares. Today, BOV announced that its Board of Directors is scheduled to meet on Wednesday 26 March 2025 to consider the approval of the financial statements for the year ending 31 December 2024. The Directors will also consider the declaration of a final dividend.

On the other hand, BOV’s insurance associate Mapfre Middlesea plc plummeted by 9.0% to the €1.41 level across four deals totalling 7,122 shares. The Board of Directors of Mapfre Middlesea is scheduled to meet on Tuesday 25 March 2025 to consider the approval of the financial statements for the financial year ended 31 December 2024. They will also consider the declaration of a dividend.

HSBC Bank Malta plc shed 0.6% to the €1.56 level across four deals totalling 1,631 shares. The Board of Directors is recommending a final net dividend of €0.078 per share to be paid on 20 May 2025 to all shareholders as at close of trading on 9 April 2025 subject to approval by the Annual General Meeting scheduled for 13 May 2025.

Also in the financial sector, FIMBank plc fell by 3.4% to the USD0.14 level albeit over trivial volumes.

GO plc moved 0.7% lower to the €2.68 level on two deals totalling 430 shares.

Malta Properties Company plc eased by 0.6% to a one week low of €0.348 on a single trade of 1,402 shares.

PG plc slumped by 2.7% to a one-month low of €1.81 level on two deals totalling 4,800 shares.

Simonds Farsons Cisk plc shed 1.5% to a three-year low of €6.40 over three deals amounting to 534 shares.

Meanwhile, APS Bank plc held the €0.62 level on a single trade of 6,985 shares. The Board of Directors of APS is scheduled to meet on Thursday 13 March 2025 to consider the approval of the financial statements for the financial year ended 31 December 2024. They will also consider the declaration of a dividend, subject to regulatory approval.

Malta International Airport plc closed unchanged at the €6.15 level across six trades amounting to 9,250 shares. The Board of Directors is recommending a final net dividend of €0.12 per share to be paid by not later than Saturday 31 May 2025 to all shareholders as at the close of trading on Thursday 10 April 2025, subject to approval at the upcoming Annual General Meeting scheduled for Wednesday 14 May 2025.

BMIT Technologies plc traded flat at the €0.34 level as 3,400 shares changed hands.

MaltaPost plc closed unchanged at the €0.412 level across five trades totalling 11,200 shares.

M&Z plc held the €0.54 level over four trades totalling 31,170 shares.

The RF MGS Index rose by 0.07% to 915.722 points as global trade and geopolitical tensions escalated. Today, US trade tariffs on Canada, Mexico and China came into effect, which prompted an immediate retaliation from Canada and China which both imposed their own tariffs on the US. Last week, President Trump also proposed 25% tariffs on imports from the EU which would further hinder the growth prospects for an already struggling region. In fact, the ECB is already widely anticipated to lower its growth forecast for 2025. Furthermore, today the US announced that it is pausing aid to Ukraine, thus escalating the uncertainty of the outcome for the conflict in Ukraine.

 

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.