IHI climbs to two-year high of €0.52

The MSE Equity Price Index increased by 0.6% to 3,974.2 points as the gains in IHI, HSBC, and Malita outweighed declines in APS, FIMBank and the ordinary shares of RS2. Meanwhile, three equities closed unchanged as today’s trading activity on the main market was subdued at around €0.1 million. Download today’s Equity Market Summary.

International Hotel Investments plc advanced by 10.6% to the €0.52 level across ten trades amounting to 36,220 shares. Last week, IHI announced that it has completed the sale of a majority interest in the Corinthia Lisbon, valuing the real estate asset and its operating business at €150 million. The net proceeds to IHI from the transaction amount to €90 million, after accounting for IHI’s €18 million investment in the joint venture, the repayment of existing IHI debt secured against the Corinthia Lisbon property, and other balancing amounts. IHI’s Board of Directors will be allocating the proceeds towards the repayment of other Group loans, the payment of a dividend, and to consider other investments in furthering the worldwide expansion of the IHI Group and its Corinthia brand.

HSBC Bank Malta plc moved 2.1% higher to the €1.44 level across two deals totalling 10,750 shares.

Malita Investments plc gained 5.6% to the €0.38 level across three deals totalling 20,030 shares, although most shares exchanged hands at yesterday’s closing price of €0.36.

Bank of Valletta plc (1,938 shares), Malta International Airport plc (5,885 shares), and Hili Properties plc (121,600 shares) traded flat at the €2.10, €6.15 and €0.27 levels respectively.

FIMBank plc dropped by 16.7% to the USD0.15 level as 61,059 shares changed hands.

APS Bank plc edged 2% lower to the €0.49 level across two trades amounting to 3,570 shares.

The ordinary shares of RS2 plc closed 1.3% lower at €0.316, although the weighted average price for the day was €0.291 (-9.1%).

Today, Harvest Technology plc announced that its Board of Directors is scheduled to meet on Monday 13 April 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Board will also consider the recommendation of a final dividend.

Computime Holdings plc announced that its Board of Directors is scheduled to meet on Wednesday 15 April 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Board will also consider the declaration of a final dividend.

The RF MGS Index rose by 0.77% to 899.5 points as sovereign bond yields dropped following the two-week ceasefire agreement between the US and Iran. The deal temporarily stops the US-Israel military campaign in exchange for Iran reopening the Strait of Hormuz. As a result, WTI crude oil futures tumbled by 15% back to below USD 95 per barrel, easing inflation concerns.

 

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.