MSE Equity Price Index climbs to one-year high

The MSE Equity Price Index rose by 0.41% to a one-year high of 3,922.782 points as the gains in FIMBank, IHI, Medserv, and MaltaPost outweighed the decline in BOV. Meanwhile, two other equities closed unchanged but today’s trading activity in local equities was muted at under €30,000. Download today’s Equity Market Summary.

FIMBank plc surged by 17.1% to the USD0.164 level across four deals amounting to 47,110 shares. Today, FIMBank plc announced that its Board of Directors is scheduled to meet on Wednesday 9 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024.

MaltaPost plc closed the session 12.2% higher at the €0.46 level but the volume-weighted average price stood at €0.402 (-2.0%). A total of 19,250 shares change hands.

International Hotel Investments plc moved 2.7% higher to the €0.45 level over trivial volumes.

MedservRegis plc gained 2.5% to the €0.41 level on a single trade of 2,800 shares.

On the other hand, Bank of Valletta plc shed 0.5% to the €1.96 level over three deals totalling 806 shares.  The Board of Directors of BOV is scheduled to meet on Wednesday 26 March 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a final dividend.

Meanwhile, BMIT Technologies plc held the €0.35 level on one trade of 21,220 shares. The Board of Directors is scheduled to meet on Tuesday 11 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.

Mapfre Middlesea plc closed unchanged at the €1.50 level over four deals amounting to 2,551 shares. The Board of Directors is scheduled to meet on Tuesday 25 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.

The RF MGS Index rose by 0.07% to 901.328 points. Nonetheless, the index suffered the worst weekly performance since December 2022 as it registered a weekly decline of 1.65% following the change in sentiment due to the anticipation of additional military spending in the euro area. Furthermore, data released today showed that the euro area economy performed better than expected in the last quarter of 2024 as it grew by 1.2% compared to earlier forecasts of just 0.9%. The revision in growth data is heavily influenced by the performance of the Irish economy which grew by 3.6% compared to the projected decline of 1.3%.

 

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.