GO share price drops 5% to €2.50

The MSE Equity Price Index fell by 1.19% to a fifteen-month low of 3,689.872 points as the declines in BOV, GO, HSBC, Lombard, Mapfre Middlesea, Main Street Complex, Quinco, Trident and the ordinary shares of RS2 outweighed the gains in Malita and Malta Properties Company. Meanwhile, four equities closed unchanged as today’s trading activity amounted to €0.25 million. Download today’s Equity Market Summary.

GO plc slumped by 5.3% to the €2.50 level across thirteen trades amounting to 61,030 shares, making up the majority of today’s trading.

The ordinary shares of RS2 plc fell by 11.8% to the €0.30 level over three trades totalling 37,850 shares.

Bank of Valletta plc shed 0.5% to the €1.86 level over five trades totalling 9,940 shares.

HSBC Bank Malta plc fell by 0.7% to the €1.41 level over four trades amounting to 17,414 shares.

Also in the banking sector, Lombard Bank Malta plc moved 1.4% lower to the €0.68 level on a single deal of 1,540 shares.

Mapfre Middlesea plc plummeted by 18.8% to the €1.30 level across three deals amounting to 2,800 shares.

Main Street Complex plc decreased by 0.5% to the €0.19 level on two deals amounting to 5,069 shares. Most of the share exchanged hands at the €0.156 level (-18.3%).

Trident Estates plc moved 1.0% lower to the €1.04 level on a single deal of 613 shares.

Quinco Holdings plc shed 0.8% to the €1.30 level over five trades amounting to 3,303 shares.

On the other hand, Malita Investments plc closed the session 11.9% higher at the €0.45 level over seven deals amounting to 16,054 shares. Today’s volume weighted average trading price was €0.414 (+2.9%).

Malta Properties Company plc gained 0.6% to the €0.332 level on one deal of 9,100 shares.

Meanwhile, BMIT Technologies plc closed unchanged at the €0.30 level across three trades totalling 24,700 shares.

FIMBank plc closed unchanged at the USD0.115 level on two deals amounting to 12,400 shares.

Hili Properties plc traded flat at the €0.22 level as 31,000 shares changed hands.

PG plc closed unchanged at the €1.84 level over four deals amounting to 5,730 shares.

The RF MGS Index rose by 0.25% to a three-month high of 914.867 points as sovereign bond yields in the US and the eurozone eased further. Data released today confirmed that inflation in Germany during September stood at 2.4%. Meanwhile, the IMF released its Autumn World Economic Outlook which warned that although initial tariff effects were more benign than anticipated, a renewed US-China trade war could slow output significantly more than currently projected. In this respect, the report released today states that the IMF currently anticipates that growth will fall to 3.2% and 3.1% during 2025 and 2026 respectively from 3.3% in the previous year. However, a downside risk scenario in the report accounting for severe tariff escalation predicts that growth estimations could fall by 1.2 percentage points in 2026 and by 1.8 percentage points in 2027.

 

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.