Six equities drag the MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.40% to 3,820.722 points as the declines in six equities outweighed the gain in BOV. Meanwhile, FIMBank plc closed unchanged at the USD0.149 level after recovering from an intraday low of USD0.12 (-20%) over three deals totalling 10,028 shares. Download today’s Equity Market Summary.

GO plc shed 1.5% to a one-month low of €2.60 across seven deals totalling 18,529 shares. GO’s shareholders as at the close of trading on 16 May 2025 will be entitled to a final net dividend of €0.08 per share payable on 24 June 2025.

HSBC Bank Malta plc fell by 2.1% to the €1.40 level over three deals amounting to 9,088 shares.

Also, among large companies by market value, Malta International Airport plc decreased by 0.8% to the €5.85 level across six trades amounting to 7,350 shares.

Malta Properties Company plc slumped by 12.2% to an eight-month low of €0.316 over four deals totalling 36,000 shares.

Also in the property sector, Trident Estates plc plummeted by 6.4% to a five-month low of €1.03 on two trades amounting to 5,000 shares.

A single trade of 1,000 shares pulled the share price of PG plc 1.6% lower to the €1.85 level.

On the other hand, Bank of Valletta plc gained 1.0% to the €1.96 level over nineteen shares totalling 48,206 shares.

The RF MGS Index rose by 0.07% to 915.959 points as retail sales in the euro area during March declined by 0.1% month-over-month. On a year-on-year basis, European retail sales grew by 1.5%, which is the weakest pace since July 2024 and less than the 1.9% which was anticipated. Elsewhere in the US, mortgage applications last week increased by 11%, snapping a three-week losing streak reflecting the drop-in mortgage rates.

 

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.