MPC climbs to 2-year high

The MSE Equity Price Index rebounded by 0.59% to 3,764.904 points as the gains in BMIT, BOV, MIA, MPC, MaltaPost, and PG outweighed the declines in AX Real Estate, Lombard, Malita, and Trident. Meanwhile, four other equities closed unchanged, but trading activity was muted with less than €0.10 million worth of shares changing hands. Download today’s Equity Market Summary.

Malta Properties Company plc surged by 25% to a two-year high of €0.41 over twenty-nine trades totalling 82,571 shares. Yesterday, BMIT Technologies plc announced that it has entered into a Share Purchase Agreement with Emirates International Telecommunications (Malta) Limited (EITML) to purchase 49,642,139 ordinary shares in the issued share capital of Malta Properties Company plc, which represent 49% of the total issued share capital of MPC. The purchase price was set at €25,317,491 which corresponds to €0.51 per share of MPC being purchased. The transfer of the shares is conditional on the timely fulfilment, by BMIT Technologies plc, of a number of conditions precedent.

BMIT Technologies plc rose by 5.6% to the €0.30 level across four deals amounting to 23,002 shares. Today, the Malta Stock Exchange announced that 7,118,341 new BMIT Technologies plc ordinary shares were admitted to the Official List of the Malta Stock Exchange following the recent scrip dividend issue at an attribution price of €0.319 per share, representing a take-up of around 57%. Following this scrip dividend, the total number of shares in issue increased to 218,720,233 shares.

Bank of Valletta plc moved 0.5% to the €1.84 level across five deals amounting to 14,943 shares.

Malta International Airport plc increased by 0.8% to the €5.95 level across three trades amounting to 1,700 shares. Following the close of trading yesterday, MIA announced that passenger movements during June 2025 amounted to 923,374, which is 7.5% higher than the comparable figure of 858,738 registered last year. This was the first time that passenger movements surpassed the 900,000 level in the month of June. The seat load factor for June 2025 stood at 86.8%, which is 0.2 percentage points higher than in June 2024 and represents the highest seat load factor registered in 2025 to date. The passenger movements during the first half of 2025 amounted to 4.54 million, representing an increase of 11.7% over the corresponding period last year.

PG plc advanced by 4.5% to the €1.84 level on a single deal of 700 shares.

A trade of 2,324 shares pushed the share price of MaltaPost plc 1.0% higher to the €0.408 level.

On the other hand, Trident Estates plc slumped by 8.3% to the €1.00 level on muted activity.

Also in the property sector, AX Real Estate plc slumped by 2.9% to the €0.33 level on one deal of 2,500 shares.

Malita Investments plc moved 0.4% lower to the €0.48 level as 2,744 shares changed hands.

Lombard Bank Malta plc fell by 2.0% to the €0.745 level over five trades amounting to 6,650 shares.

Meanwhile, MedservRegis plc and Mapfre Middlesea plc both closed unchanged at the €0.41 and €1.40 levels respectively on muted activity.

Hili Properties plc held the €0.24 level on one deal of 5,000 shares.

International Hotel Investments plc closed unchanged at the €0.45 level across three deals totalling 8,032 shares.

Today, HSBC Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 30 July 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend.

The RF MGS Index fell by 0.22% to 912.320 points. Data released today showed that inflation in France rose to 0.9% in June, the highest level since January, up from 0.6% in the previous month, and above the anticipated rate of 0.8%. The increase in inflation was driven by a resurgence in service prices, which climbed to 2.4% from 2.1%, as well as a slower rate of decline in energy prices. On a monthly basis, consumer prices rose by 0.4%, rebounding from a 0.1% decline in the previous month. Meanwhile, core inflation increased to 1.2% from 1.1% in May.

 

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.