FIMBank and Main Street drop to all-time low

The MSE Equity Price Index fell by 0.63% to 3,790.144 points as the declines in APS, BOV, FIMBank, HSBC, Main Street Complex, and PG outweighed the gains in BMIT, Farsons, and Trident. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.13 million. Download today’s Equity Market Summary.

FIMBank plc plummeted by 8.0% to an all-time low of USD0.115 over three deals amounting to 43,873 shares.

Main Street Complex plc slumped by 17.0% to an all-time low of €0.191 on a single trade of 19,181 shares.

Bank of Valletta plc shed 1.0% to the €1.89 level over twelve deals amounting to 11,034 shares. Today, BOV announced that last week it bought 10,217 of its own shares at a price of €1.91 per share. BOV also published a press release highlighting its new correspondent banking relationship with The Bank of New York Mellon Corporation, which increases access to US Dollar cash clearing.

HSBC Bank Malta plc decreased by 2.2% to the €1.33 level across six trades totalling 14,774 shares.

Also in the banking sector, APS Bank plc moved 0.9% lower to the €0.525 level on two trades totalling 3,234 shares.

PG plc declined by 3.7% to the €1.83 level on two trades amounting to 1,100 shares.

On the other hand, BMIT Technologies plc surged by 6.5% to the €0.33 level over eight deals amounting to 120,391 shares.

Trident Estates plc rose by 5.0% to the €1.06 level on minimal activity.

Simonds Farsons Cisk plc increased by 1.6% to the €6.20 level on two trades totalling 162 shares.

Meanwhile, Hili Properties plc traded flat at the €0.24 level as 42,000 shares changed hands.

The ordinary shares of RS2 plc remained unchanged at the €0.35 level on one deal of 8,591 shares.

Malta International Airport plc held the €5.95 level over six deals totalling 3,990 shares. Today, MIA announced that last week it bought 2,027 of its own shares for an average price of €5.93 per share.

The RF MGS Index rose by 0.35% to a one-month high of 911.909 points amidst further signs of a weakening labour market in the US, thus pointing towards the need of monetary policy easing and lower interest rates. The Bureau of Labour Statistics estimate for the number of jobs added in the US during the twelve months through March 2025 was revised lower by 911,000 which was the largest downward revision in over twenty-five years, driven by a slowdown in nearly all individual sectors.

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.