Four equities pull MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.26% to 3,901.556 points as the declines in APS, Grand Harbour Marina, MaltaPost, and Farsons outweighed the gain in the preference shares of RS2. Download today’s Equity Market Summary.

Bank of Valletta plc traded flat at the €1.97 level as 6,500 shares changed hands. Yesterday, 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.

APS Bank plc shed 3.2% to the €0.60 level over ten deals amounting to 38,615 shares.

MaltaPost plc moved 0.5% lower to the €0.41 level on two deals amounting to 9,000 shares.

Grand Harbour Marina plc slumped by 12.6% to the €0.90 level on a single trade of 2,000 shares.

Simonds Farsons Cisk plc fell by 0.8% to a three year-low of €6.35 albeit over trivial volumes.

On the other hand, the preference shares of RS2 plc surged by 20.4% to the €0.59 level on muted activity.

The RF MGS Index experienced the largest daily decline in the last nine months as it fell by 0.77% to a one-month low of 908.645 points. Sovereign bond yields in the euro area surged with the German 10-year bund yield rising by more than 20 basis points to a nine-month high of around 2.70%. This sharp movement was largely influenced by yesterday’s announcement from the European Investment Bank that it would lift existing limits on financing for defence projects. Moreover, Germany announced that it would bypass the debt break anchored in the country’s constitution by taking military off the debt calculation. Furthermore, the German government announced plans to inject another €500 billion into an infrastructure fund which will also be exempt from the debt calculation over the next ten years.  As such, over the coming decade Germany is willing to spend up to €1 trillion on defence and infrastructure. The decision reflects Germany’s intent to reduce dependence on the US. Furthermore, the increased investment is also aimed at reviving the German economy.

 

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.