Daily Review 13.11.2025

Five equities push the MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.24% to 3,798.986 points as the gains in BOV, The Convenience, MIA, Malta Properties, and VBL outweighed the declines in APS, BMIT and Farsons. Meanwhile, three equities closed unchanged as today’s trading activity amounted to €0.11 million. Download today’s Equity Market Summary.

Malta International Airport plc moved 0.9% higher to the €5.80 level over six trades amounting to 4,199 shares. Yesterday, MIA published the financial results for the first nine months of the year, which showed that revenue climbed by 10% to €118.5 million, which led to a 4.6% increase in pre-tax profits for the period to €63.9 million. MIA explained that capital expenditure for the period reached €42.2 million and largely directed towards Apron 8 and SkyParks Business Centre II. MIA also published the October traffic results which showed that passenger movements increased by 16.7% to 978,445. The seat capacity increased by an even faster pace of 17.3%.

Bank of Valletta plc gained 1.1% to the €1.90 level over nine deals totalling 22,580 shares.

Malta Properties Company plc surged by 6.7% to the €0.35 level over twelve deals amounting to 88,550 shares.

The Convenience Shop (Holdings) plc increased by 26.6% to the €1.00 level albeit over trivial volumes.

VBL plc rose by 2.3% to the €0.179 level on muted activity.

On the other hand, APS Bank plc slumped by 3.8% to the €0.50 level on muted activity.

BMIT Technologies plc moved 0.7% lower to the €0.28 level on a single trade of 11,300 shares.

Simonds Farsons Cisk plc fell by 2.7% to the €5.40 level over three deals totalling 915 shares.

Meanwhile, HSBC Bank Malta plc held the €1.41 level on one trade of 1,433 shares.

A single trade of 1,650 shares left the share price of PG plc unchanged at the €1.74 level.

Quinco Holdings plc traded flat at the €1.00 level as 3,010 shares changed hands.

The RF MGS Index advanced by 0.11% to 917.336 as euro area sovereign yields moved lower. The German Council of Economic Experts lowered its 2026 growth forecasts, signalling subdued economic expansion ahead. Nonetheless, within the eurozone, industrial production increased by 1.2% year-on-year in September, driven mainly by the energy sector. Elsewhere in the US, President Donald Trump signed a bill ending the 43-day government shutdown, which should allow for the release of a backlog of economic data. Nonetheless, the White House Press Secretary stated that key inflation and labour data for October may never be released, which can impede the Federal Reserve in its upcoming monetary policy meeting in December.

Today, the Treasury Department established the prices for the three new Malta Government Stocks for an aggregate nominal amount of €350 million subject to an over-allotment option of up to a further €100 million as follows:

(i) 2.55% MGS 2030 (V) at 100.00% for every €100 nominal giving a yield-to-maturity of 2.5495% per annum; and

(ii) 3.40% MGS 2035 (IV) F.I. at 100.00% for every €100 nominal giving a yield-to-maturity of 3.3996% per annum; and

(ii) 3.80% MGS 2040 (II) F.I. at 100.00% for every €100 nominal giving a yield-to-maturity of 3.7997% per annum.

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