BOV climbs to an over 7-year high of €1.80

The MSE Equity Price Index fell by 0.20% to 3,787.966 points as the declines in APS, Lombard and VBL outweighed the gains in BOV, Harvest, and The Convenience. Meanwhile, five other equities closed unchanged as today’s trading activity across local equities amounted to €0.13 million. Download today’s Equity Market Summary.

Bank of Valletta plc advanced by a further 0.6% to the €1.80 level, the highest since October 2017. A total of 14,092 shares changed hands.

Harvest Technology plc closed the session 12.5% higher at the €0.90 level albeit the volume-weighted average price for the day stood at €0.788 (-1.5%).

A single trade of 5,199 shares pushed the share price of The Convenience Shop (Holding) plc 2.2% higher to the €0.92 level.

In contrast, VBL plc fell by 6.3% to the €0.15 level across two trades totalling 17,750 shares.

APS Bank plc shed 4.8% to the €0.59 level across three deals totalling 6,649 shares.

Also in the local banking sector, Lombard Bank Malta plc dropped by 3.2% to the €0.755 level on trivial volumes.

HSBC Bank Malta plc closed unchanged at the €1.45 level after failing to hold to an intraday high of €1.47 (+1.4%) across nine trades totalling 12,254 shares. HSBC Malta will publish its 2024 annual results on Wednesday 19 February 2025 and the Directors will also consider the declaration of a final dividend to be recommended to the Bank’s Annual General Meeting which will be held on Tuesday 13 May 2025.

Plaza Centres plc remained at the €0.58 level as 49,536 shares changed hands.

The ordinary shares of RS2 plc closed unchanged at the €0.45 level after recovering from an intraday low of €0.43 (-4.4%) across three deals totalling 17,172 shares.

GO plc held the €2.60 level on a single trade of 9,000 shares.

Malta Properties Company plc stayed at the €0.35 level on one deal of 3,882 shares.

Today, Malta International Airport plc announced that its Board of Directors is scheduled to meet on Monday 24 February 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a dividend.

The RF MGS Index snapped a three-day negative streak as it rebounded by 0.24% to 915.551 points. Nonetheless, the Index still lost 0.38% this week. This week’s sovereign yields volatility was largely influenced by the latest US trade policies. Yesterday, US President Donald Trump explained that reciprocal tariffs will be imposed on any countries that charge any taxes or tariffs on US products. Following the decision, the European Commission stated that it views the reciprocal trade policy as a step in the wrong direction and highlighted that the European Union remains committed to an open and predictable global trading system that benefits all partners. In conclusion, the EU warned that it will react firmly and immediately against unjustified barriers to free and fair trade.

Yesterday, the Treasury Department established the prices for the two new Malta Government Stocks as follows:

(i) 3.00% MGS 2030 (IV) at 101.00% for every €100 nominal giving a yield-to-maturity of 2.8082% per annum; and

(ii) 3.50% MGS 2035 (III) at 100.50% for every €100 nominal giving a yield-to-maturity of 3.4438% per annum.

Subscriptions for the General Public open on Monday 17 February 2025 and close on Wednesday 19 February 2025 at 14:30 hrs – or earlier at the discretion of the Accountant General.

 

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.