MSE Equity Price Index rises to a three-year high

The MSE Equity Price Index moved 0.36% higher to an over three-year high of 3,971.752 points driven by gains in PG, BOV, Lombard, M&Z and Malita. Meanwhile, five other equities closed unchanged as today’s trading activity in local equities totalled €0.12 million. Download today’s Equity Market Summary.

Bank of Valletta plc rose for the third consecutive session as it rose by 0.9% to a fresh seventeen year high of €2.16, across sixteen deals totalling 33,475 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.

Also in the banking sector, Lombard Bank Malta plc moved 1.3% higher to the €0.77 level on a single deal of 2,184 shares. Lombard is expected to publish its full-year results for 2024 on 16 April 2025.

PG plc advanced by 1.1% to the €1.88 level on two deals totalling 4,963 shares.

Malita Investments plc moved 0.4% higher to the €0.50 level on two trades totalling 6,500 shares.

Meanwhile, Malta International Airport plc traded flat at the €6.10 level as 2,562 shares. 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.

APS Bank plc held the €0.60 level over trivial volumes. The Directors of APS recommended the payment of a final net dividend of €0.017 per share to shareholders as at close of trading on 4 April 2025, subject to regulatory and AGM approvals. Shareholders will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.57 per share

Also in the banking sector, HSBC Bank Malta plc closed unchanged across four deals amounting to 8,940 shares. 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.

GO plc held the €2.70 level on muted activity. GO is expected to publish its full-year results for 2024 on 16 April 2025.

Simonds Farsons Cisk plc traded flat at the €6.10 level on two deals amounting to 1,330 shares.

Today, AX Real Estate plc announced that it is presently evaluating the possibility of appointing a Market Maker as defined by the Capital Market Rules and shall be exploring various options and mechanisms to such effect. The resultant recommendations shall be presented to the Board of Directors of the Company for consideration and potential approval. The appointment of a Market Maker shall be subject to any regulatory approvals which may be required at the time of such appointment.

Today, Hili Properties plc announced that it was informed that as at the end of the acceptance period of the Conditional Voluntary Takeover Bid, that 501 acceptance forms were received for a total of 51,749,622 ordinary shares, representing just under 12.91% of the entire issued capital. Once payment has been transferred to the outgoing shareholders by not later than 23 April 2025, Hili Ventures Limited is expected to hold 351,749,612 ordinary shares, reflecting just over 87.74% of the issued share capital of Hili Properties plc. Following the completion of the Offer, Hili Ventures Limited will not be proposing a motion to de-list Hili Properties plc at this time. Consequently. Hili Properties plc shall request to trigger the commencement of trading of shares of the Company on the Malta Stock Exchange with effect from April 22, 2025. Hili Ventures Limited expressed its intent to ultimately pursue the acquisition of 100% of the shares of Hili Properties plc and to subsequently propose the de-listing of the shares from the Official List of the MSE.

 

The RF MGS Index increased for the eight consecutive session, to reach a fresh one-month high of 913.681 points, as the German 10-year sovereign bund yield fell to the lowest level in over a month and the US 10-year treasury yield dropped to the lowest point since last October. The higher demand for sovereign bonds was fuelled a flight to safety by investors amidst concerns of the impact of an international trade war on economic growth. In fact, today China retaliated and matched the additional tariffs which were imposed on it by the US last Tuesday.

 

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.