Five equities pull MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.26% to 3,719.564 points as the declines in BOV, GO, Hili Properties, MIA, and the preference shares of RS2 outweighed the gains in APS and HSBC. Meanwhile, six equities closed unchanged as today’s trading activity was muted at around €60,000. Download today’s Equity Market Summary.

Bank of Valletta plc shed 0.5% to the €1.86 level across three deals totalling 4,726 shares. Yesterday, BOV announced that it submitted an application to the Malta Financial Services Authority requesting admissibility to listing of an Unsecured Euro Medium Term Bond Programme of up to €325 million. Subject to regulatory approval, BOV will be issuing the first series and first tranche of Tier 2 bonds under the Programme consisting of €100 million (with an overallotment option which may result in the offer being increased to a maximum of €125 million) subordinated bonds maturing in 2030-2035. The bonds will be available for subscription by all categories of investors and will be distributed as follows: An amount of €50 million will be reserved for subscription by holders of the 3.50% BOV subordinated bonds 2030 (Series 1 & 2), 3.75% BOV subordinated bonds 2026/31, 5.0% BOV subordinated bonds 2029/34 Series 1, 5.0% BOV subordinated bonds 2030/35 Series 2 and shareholders of BOV as at close of trading on 14 October 2025, together with employees of the Bank and any of its subsidiaries. An amount of €25 million will be reserved for subscription by Professional Clients and Eligible Counterparties. The remaining €25 million will be reserved for subscription by the general public. Any portion not fully subscribed to by a particular category of investor will be made available for subscription to another category. Furthermore, any additional bonds allotted further to the exercise of the overallotment option will be allocated at BOV’s discretion depending on the total level of subscription by each category of investor.

Malta International Airport plc decreased by 0.8% to the €5.95 level on two trades totalling 1,836 shares.

Hili Properties plc fell by 8.3% to the €0.22 level on one deal of 37,000 shares.

GO plc moved 1.5% lower to the €2.62 level albeit over trivial volumes.

The preference shares of RS2 plc slumped by 20% to an all-time low of €0.304 on a single deal of 1,583 shares.

On the other hand, APS Bank plc rose by 2.0% to €0.51 on two deals amounting to 1,359 shares.

Also in the banking sector, HSBC Bank Malta plc gained 1.4% to the €1.43 level on two trades totalling 1,088 shares.

Meanwhile, Malita Investments plc traded flat at the €0.418 level as 10,000 shares changed hands.

International Hotel Investments plc remained at the €0.43 level across four deals totalling 46,944 shares.

Mapfre Middlesea plc closed unchanged at the €1.60 level over three trades amounting to 3,197 shares.

PG plc and Quinco Holdings plc held the €1.84 and €1.30 levels respectively both over trivial volumes.

MaltaPost plc stayed the €0.444 level on low volumes.

The RF MGS Index rose by 0.25% to 910.498 points. Trade tensions resurfaced as the European Commission proposed a reduction of 47% of the quota for steel imports yesterday to protect the EU steel industry and safeguard jobs. Moreover, it was also suggested that tariffs on out-of-quota steel imports will be raised to 50% compared to the previous levy of 25%. Meanwhile, data released today showed that industrial production in Germany fell by 4.3% in August, considerably more than the 1% decline which was projected and marking the largest drop in industrial output since March 2022.

 

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.