Share prices of major local banks drift lower

The MSE Equity Price Index fell by 0.4% to a one-week low of 3,775.040 points as the declines in APS, BOV, and HSBC outweighed the gain in The Convenience. Meanwhile, two other equities closed unchanged. Download today’s Equity Market Summary.

HSBC Bank Malta plc was today’s most actively traded equity as it closed 1.4% lower at the €1.40 level, albeit the volume-weighted average price of the day was at the previous closing price of €1.42. A total of 44,420 shares changed hands.

Likewise, Bank of Valletta plc dropped 1.1% to the €1.75 level, albeit the volume-weighted average price of the day was at €1.761 (-0.5%). Six trades took place involving 34,250 shares.

APS Bank plc shed 0.8% to the €0.605 level across two deals totalling 7,000 shares.

A single trade of 2,000 shares pushed the share price of The Convenience Shop (Holding) plc 12.5% higher to the €0.90 level.

PG plc traded flat at the €1.86 level across 9,373 shares.

Simonds Farsons Cisk plc held the €6.55 level on one trade of 300 shares.

The RF MGS Index declined by 0.17% to 917.453 points. Long-term euro area sovereign bond yields moved higher following the executive order by US President Donald Trump imposing a 25% tariff on steel and aluminium imports. The European Commission President Ursula von der Leyen stated that the tariffs were unjustified, and the European Union will prepare firm and proportionate countermeasures.

Last Friday, the Treasury Department published the Offering Circular in relation to the upcoming issue of two new Malta Government Stocks for an aggregate nominal amount of €300 million subject to an over-allotment option of up to a further €150 million. The two new fixed-rate stocks are: the 3.00% MGS 2030 (IV) and the 3.50% MGS 2035 (III). The prices of these two new MGSs will be announced on Thursday 13 February 2025. Subscriptions for the General Public will open on Monday 17 February 2025 and close at 14:30 hrs on Wednesday 19 February 2025.

 

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.