BOV falls for the second consecutive session

The MSE Equity Price Index fell by 0.42% to 3,932.329 points as the declines in APS, BMIT, BOV, and Trident outweighed the gain in Farsons. Meanwhile, three other equities remained unchanged as today’s trading activity amounted to €0.12 million. Download today’s Equity Market Summary.

Bank of Valletta plc decreased for the second consecutive session as it declined by 0.9% to the €2.10 level across eleven trades totalling 26,426 shares. BOV’s Board of Directors is recommending a final net dividend of €0.0854 per share to be paid on 12 June 2025 to all shareholders as at close of trading on 25 April subject to regulatory approval and approval by the Annual General Meeting scheduled for 29 May 2025.

Also in the banking sector, APS Bank plc shed 0.6% to the €0.58 level on two trades of 30,000 shares. The Directors of APS are recommending the payment of a final net dividend of €0.017 per share to shareholders as at close of trading on 4 April 2025, subject to regulatory and AGM approvals. Shareholders will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.57 per share.

BMIT Technologies plc fell by 2.3% to the €0.34 level on a single deal of 4,500 shares. The Directors of BMIT are recommending a final net dividend of €0.0189 per share which will be payable to all shareholders as at close of trading on Thursday 15 May 2025, who will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.319 per share.

Trident Estates plc declined by 0.9% to the €1.09 level over trivial volumes.

On the other hand, Simonds Farsons Cisk plc gained 0.8% to the €6.15 level on two deals amounting to 1,133 shares.

Meanwhile, HSBC Bank Malta plc closed unchanged at the €1.52 level over three trades totalling 17,332 shares.

MaltaPost plc traded flat at the €0.41 level as 17,296 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.52 level across three deals amounting to 17,332 shares. The Board of Directors is recommending a final net dividend of €0.078 per share. The dividend will be paid on 20 May 2025 to all shareholders as at close of trading today subject to approval by the Annual General Meeting scheduled for 13 May 2025.

Plaza Centres plc held the €0.59 level on a single trade of 11,943 shares.

Today, FIMBank plc published the Annual Report and Financial Statements for the year ended 31 December 2024. Net interest income fell by 6.6% to USD51.8 million whilst the Group recorded a USD0.6 million loss from non-interest income, compared to a USD3.7 million loss last year. Consequently, total operating profit remained relatively unchanged at USD51.2 million. Nonetheless, operating profit surged by 28.3% to USD10.8 million driven by a decline in operating expenses. Overall, FIMBank reported a pre-tax profit of USD8.3 million a 30% increase from the previous year. After accounting for a tax expense of USD8.2 million and the profit attributable to minority interests of USD0.03 million, the net profit attributable to shareholders amounted to USD0.1 million. Shareholders’ funds advanced by 2.4% (or USD4.3 million) to USD183.6 million which translates into a net asset value per share of USD0.3505 (31 December 2023: USD0.3422).

The RF MGS Index declined for the second consecutive session as it fell by 0.55% to 907.171 points amid very volatile developments in international tariffs. In fact, as of today, the US effectively doubled the tariffs which it had initially announced on China, after the later imposed retaliatory tariffs on the US. Furthermore, the EU also imposed the first wave of tariffs on a multitude of products imported from the US.

 

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.