MSE Equity Price Index falls from near 2-year high

The MSE Equity Price Index dropped by 1.1% to 3,907.7 points driven by declines in eight equities. Meanwhile, five other equities closed unchanged as today’s trading activity on the main market amounted to €0.3 million. Download today’s Equity Market Summary.

Today’s most actively traded equity, Bank of Valletta plc lost 1% to the €2.08 level across nine trades amounting to 48,645 shares. Today, BOV announced that last week the company bought back 46,800 of its own shares at a price of €2.10 per share. BOV will be publishing its 2025 financial statements on Thursday 26 March.

Malta International Airport plc moved 0.8% lower to the €6.00 level across three trades totalling 7,190 shares. Today, MIA announced that last week the company bought back 10,268 shares of its own shares at a weighted average price of €6.00 per share.

AX Real Estate plc shed 0.4% to the €0.498 level across nine deals amounting to 87,250 shares. At the upcoming Annual General Meeting scheduled for Friday 24 April 2026, one of the items on the agenda will include a share buyback programme of €1 million subject to a daily acquisition limit of not more than 25,000 shares from any single member and a maximum consideration per share not to exceed its net asset value (indicated in the company’s last audited annual financial statements at €0.553).

In the banking sector, APS Bank plc (-6%) and HSBC Bank Malta plc (-0.7%) both fell to the €0.47 and €1.47 levels respectively.

International Hotel Investments plc declined by 4.2% to the €0.412 level as 14,905 shares changed hands across two deals.

Simonds Farsons Cisk plc (-0.9%) and GO plc (-0.8%) eased to the €5.40 and €2.50 levels respectively, albeit over trivial volumes.

Hili Properties plc traded flat at the €0.27 level across 15 deals totalling 331,095 shares. This afternoon the company confirmed that it will be filing an application for the discontinuation of listing from the Official List of the Malta Stock Exchange with the Malta Financial Services Authority, subject to the necessary approval from its shareholders at an Extraordinary General Meeting scheduled for 15 April at 10:00 hrs.

MaltaPost plc remained unchanged at the €0.45 level as 10,000 shares changed hands across two trades.

Malita Investments plc (€0.37), Grand Harbour Marina plc (€0.89), and BMIT Technologies plc (€0.30) all closed unchanged over lacklustre trading.

The RF MGS Index was virtually unchanged at 895.62 points, hovering near its lowest level since 2024, as inflation concerns remain heightened. Israeli officials cautioned that the conflict could persist for several more weeks, while US President Donald Trump remarked that Tehran is “not yet ready” to reach an agreement. However, some relief came over the weekend after a Pakistani oil tanker and two LPG vessels successfully crossed the Strait of Hormuz. Energy prices remain elevated, with European natural gas futures climbing toward €52/MWh and WTI crude oil futures trading near USD 95 per barrel.

 

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.