AX Real Estate falls to an all-time low

The MSE Equity Price Index rose by 0.11% to 3,780.615 points as the gains in MIA and HSBC outweighed the declines in AX Real Estate and the ordinary shares of RS2. Meanwhile, eight other equities closed unchanged as today’s trading activity amounted to €0.21 million. Download today’s Equity Market Summary.

AX Real Estate plc slumped by 5.5% to an all-time low of €0.308 over seven deals amounting to 90,561 shares. Today’s weighted average price was €0.316 (-2.6%).

The ordinary shares of RS2 plc plummeted by 16.2% to a multi-year low of €0.31 across four trades totalling 3,930 shares.

On the other hand, Malta International Airport plc surged by 3.4% to the €6.00 level over nine deals amounting to 21,366 shares.

Also among large companies by market cap, HSBC Bank Malta plc moved 0.8% higher to the €1.33 level across seven trades totalling 23,828 shares.

Meanwhile, APS Bank plc traded flat at the €0.53 level as 1,144 shares changed hands. Yesterday, APS announced that it intends to raise about €45 million of new equity by way of a Rights Issue of new ordinary shares, subject to the due regulatory clearances which are currently in progress. APS explained that the proceeds are intended to strengthen its capital base and maintain relevant regulatory requirements. APS stated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage and the publication of the Prospectus is expected in the first half of October 2025, which will be followed by the ordinary application process of the Rights Issue whereby eligible shareholders will be able to subscribe for their pro rata entitlements. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer.

Also in the banking sector, Bank of Valletta plc held the €1.88 level on two deals amounting to 3,427 shares.

A single trade of 950 shares left the share price of Lombard Bank Malta plc unchanged at the €0.715 level.

GO plc closed unchanged at the €2.68 level over two deals amounting to 950 shares.

Hili Properties plc traded flat at the €0.24 level as 34,300 shares changed hands.

PG plc, Harvest Technologies plc and International Hotel Investments plc closed unchanged at the €1.83, €0.70 and €0.45 level respectively, all over trivial volumes.

Today, MedservRegis plc announced that it plans to partly refinance the upcoming redemption of bonds due in February 2026 through a fresh issuance of debt securities on the Official List of the Malta Stock Exchange for an amount of up to the Euro equivalent of €25,000,000 denominated partly in Euro and partly in USD. In this respect, the company also noted that it is due to file an application for admissibility to listing with the Malta Financial Services Authority in connection with the new issue of bonds in the coming weeks. As at the date of this announcement, the total amount of the redeeming bonds comprise €21,982,400 in EURO Bonds and $8,048,100 in USD Bonds. Following the issue of new bonds, the company is also planning to repurchase a maximum of €4,000,000 in EUR Bonds prior to the Maturity Date.

The RF MGS Index rose by 0.16% to 911.156 points as oil prices increased for the third consecutive session amid supply concerns and escalating political tensions in both the Russia-Ukraine and Israel-Palestine conflicts. Meanwhile, in the US, data released today showed that retail sales in August grew by 0.6% unchanged from the previous month and higher than the forecasted 0.2%. Furthermore, both industrial and manufacturing production unexpectedly expanded, contrasting the projected declines.

 

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.