MIA experiences double-digit growth in passengers during March

The MSE Equity Price Index fell for the sixth consecutive session as it eased by 0.09% to 3,894.163 points as the declines in The Convenience, IHI, and Trident outweighed the gains in HSBC, AX Real Estate and Lombard. Meanwhile, three other equities remained unchanged as today’s trading activity amounted to €0.21 million. Download today’s Equity Market Summary.

Following the close of trading, Malta International Airport plc announced that passenger movements in March 2025 amounted to 725,134 which is the highest-ever figure achieved in the month of March, exceeding the previous record of March 2024 by 14.4%. MIA also recorded a 17.2% increase in seat capacity when compared to last year. In view of the much higher capacity, the seat load factor for March 2025 eased to 85.1% compared to 87.2% in March 2024. In the first three months of the year, MIA welcomed a total of 1,793,261 passengers, exceeding last year’s record for Q1 2024 by 14.0%.

Trident Estates plc shed 4.6% to the €1.04 level on a single deal of 2,500 shares.

International Hotel Investments plc decreased by 2.3% to the €0.42 level on a single deal of 5,000 shares. The Board of Directors of IHI is scheduled to meet on Tuesday 29 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024.

The Convenience Shop (Holding) plc slumped by 13.0% to an all-time low of €0.80 on two deals amounting to 13,500 shares.

On the other hand, AX Real Estate plc surged by 5.1% to the €0.41 level on a single trade of 5,000 shares.

HSBC Bank Malta plc rose by 0.7% to the €1.48 level over four deals amounting to 10,216 shares.

Also in the banking sector, Lombard Bank Malta plc moved 2.1% higher to the €0.745 level on one deal of 3,860 shares. Lombard is expected to publish its 2024 financial results tomorrow.

Meanwhile, PG plc held the €1.90 level over trivial volumes.

APS Bank plc traded flat at the €0.58 level on two deals totalling 8,405 shares.

Also in the banking sector, Bank of Valletta plc closed unchanged at the €2.08 level over fourteen trades amounting to 82,122 shares. The Board of Directors recommended a final net dividend of €0.0854 per share to be paid on 12 June 2025 to all shareholders as at close of trading on 25 April 2025 subject to regulatory approval and approval by the Annual General Meeting scheduled for 29 May 2025.

Today, Grand Harbour Marina plc published its Annual Report and Financial Statements for the year ended 31 December 2024. Revenues almost doubled to €8.23 million as the company concluded a €3.8 million long term-berth sale. Operating profit also doubled to €3.03 million. GHM recorded a profit of €1.50 million from its joint venture in Turkey (IC Çeşme Marina), compared to €2.62 million in the previous year. GHM explained that IC Çeşme was impacted by foreign exchange losses from the large depreciation of the Turkish lira against the Euro. Overall, GHM reported a pre-tax profit of €3.86 million and a net profit for 2024 of €3.42 million.

The RF MGS Index rose for the fourth consecutive session as it moved 0.28% higher to a fresh one-week high of 915.630 points. Investment sentiment in Germany during April fell by much more than forecasted to the lowest level since July 2023. Moreover, the monthly drop in German sentiment was the largest since the onset on Russia’s invasion of Ukraine in 2022 driven by unpredictable shifts in US trade policy.

 

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.