Passenger movements at MIA surge by 10.5% in September

The MSE Equity Price Index rose by 0.72% to 3,735.885 points as the gains in BOV, Hili Properties, Lombard, M&Z as well as the ordinary and preference shares of RS2 outweighed the decline in AX Real Estate. Meanwhile, three equities closed unchanged as today’s trading activity was muted at €55,000. Download today’s Equity Market Summary.

Following the close of trading, Malta International Airport plc announced that passenger movements in September 2025 amounted to 990,556, which is 10.5% higher than the movements of 896,471 recorded in September 2024. The seat load factor for September 2025 stood at 90.7%, a 0.5 percentage point increase compared to September 2024. Meanwhile, aircraft movements increased by 7.2% year-over-year to 6,013 movements. Passenger movements during the nine-month period ended September 2025 amounted to 7.64 million, reflecting an increase of 10.8% over the corresponding period last year.

Meanwhile, MedservRegis plc announced that the Board of Directors approved the submission of an application to the MFSA requesting admissibility to listing and trading of new bonds consisting of the Euro equivalent of €25 million in a mix of 5.50% euro-denominated unsecured bonds and 6.50% US Dollar denominated unsecured bonds maturing in 2031 – 2036. Subject to regulatory approval, the bonds will be available for subscription by holders of the 4.5% euro-denominated unsecured bonds and the 5.75% US Dollar denominated unsecured bonds, both due for redemption on 5 February 2026, through an exchange offer. In this respect, the holders of these bonds as at close of trading on 14 October 2025 will have the option to exchange the bonds for an equivalent number of the new bonds by surrendering the existing bonds held. For the purposes of the exchange offer, Medserv submitted a request for the suspension of trading of the bonds maturing on 5 February 2026 with effect from 14 October 2025.

Bank of Valletta plc increased by 1.1% to the €1.88 level on two deals amounting to 11,601 shares.

Also in the banking sector, Lombard Bank Malta plc moved 3.0% higher to the €0.68 level on a single trade of 6,385 shares.

Hili Properties plc rebounded by 9.1% to the €0.24 level over four deals totalling 38,021 shares.

M&Z plc rose by 11.4% to the €0.635 level on two deals totalling 2,300 shares.

Both the ordinary (+9.7%) and the preference (+25.0%) shares of RS2 plc rose to the €0.34 and €0.38 levels respectively albeit over trivial volumes.

On the other hand, AX Real Estate plc slumped by 5.3% to an all-time low of €0.284 on two trades totalling 12,000 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.49 level as 16,942 shares changed hands.

PG plc held the €1.84 level on one trade of 1,080 shares.

Quinco Holdings plc closed unchanged at the €1.31 level on two deals amounting to 3,291 shares.

The RF MGS Index remained relatively unchanged at 911.282 points. Yesterday, New York Federal Reserve President John Williams and San Francisco Federal Reserve President Mary Daly both stated that they would be comfortable cutting interest rates to address risks of a further slowdown in the labour market which will outweigh the upside risk of inflation. On the other hand, Federal Reserve Governor Michael Barr leaned more heavily on the risks of inflation despite acknowledging vulnerabilities in the labour market. Meanwhile in the euro area, the minutes of the latest ECB monetary policy meeting held in September indicated that policymakers remained comfortable with the current interest rate stance, seeing inflation risks as balanced.

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.