Quinco Holdings plc starts trading following spin-off

The MSE Equity Price Index snapped a three-day losing streak as it rose by 0.30% to 3,729.290 points as the gains in GO, IHI, MIA, and MaltaPost outweighed the declines in VBL and Grand Harbour Marina. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.40 million. Download today’s Equity Market Summary.

On its first day of trading, Quinco Holdings plc held the €1.30 level over four trades totalling 3,465 shares. Shareholders of Simonds Farsons Cisk plc as at close of trading on Friday 26 September received a dividend in kind of €46.8 million, equivalent to €1.30 per share, consisting of a pro-rata distribution of SFC’s shareholding in Quinco Holdings plc. Quinco Holdings plc is the parent company of Food Chain Limited and Quintano Foods Limited. Food Chain is a trading company that carries out franchise operations while Quintano Foods is involved in the importation and wholesale operations of food.

Bank of Valletta plc was today’s most actively traded equity, accounting for over 85% of today’s activity, as it closed unchanged at the €1.87 level over thirteen deals amounting to 181,790 shares.

Also in the banking sector, APS Bank plc traded flat at €0.50 as 8,384 shares changed hands.

PG plc held the €1.84 level on a single deal of 7,585 shares.

The ordinary shares of RS2 plc closed unchanged at the €0.31 level on one trade of 9,000 shares.

Meanwhile, GO plc gained 1.5% to the €2.66 level albeit over trivial volumes.

MaltaPost plc recovered yesterday’s losses as it rebounded by 11.0% to the €0.444 level albeit on just a single trade of 2,600 shares.

Malta International Airport plc moved 2.6% higher to the €6.00 level on two deals amounting to 4,006 shares.

International Hotel Investments plc increased by 1.4% to the €0.43 level on muted activity.

On the other hand, VBL plc slumped by 14.9% to a seven-month low of €0.16 on one trade of 27,700 shares.

Grand Harbour Marina plc plummeted by 15.8% to a six-month low of €0.80 on low volumes.

The RF MGS Index declined by 0.04% to 908.260 points as political uncertainty in France continued to dominate headlines following yesterday’s resignation of the French Prime Minister. Elsewhere in the US, Kansas City Federal Reserve Bank President Jeff Schmid signalled reluctance to support cuts to the federal funds rate, diverging from current expectations of two 25-basis-point reductions by the end of 2025. Schmid suggested that recent signs of weakness in the labour market are likely temporary and he attributed them to hiring delays as businesses navigate uncertainties surrounding tariff policies and the evolving impact of artificial intelligence on future workforce requirements.

 

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.