MSE Equity Price Index climbs to 3-month high

 

The MSE Equity Price Index rose by 1.0% to reach a three-month high of 3,826.072 points as the gains in APS, GO, HSBC, MIA and the ordinary shares of RS2 outweighed the declines in BMIT and VBL. Meanwhile, eight other equities closed unchanged as today’s trading activity in local equities amounted to €0.16 million. Download today’s Equity Market Summary.

HSBC Bank Malta plc was today’s best-performing equity as it surged by 6.2% to a three-month high of €1.54 across ten deals amounting to 29,441 shares. The volume-weighted average price for the day amounted to €1.476 (+1.8%). 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.

Also in the banking sector APS Bank plc gained 4.2% to the €0.615 level on a single deal of 665 shares.

GO plc rose by 2.3% to the €2.66 level across three trades amounting to 1,400 shares.

Also among large companies by market value, Malta International Airport plc moved 0.8% higher to the €6.20 level over three deals totalling 2,090 shares. MIA’s 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 ordinary shares of RS2 plc rebounded by 6.7% to the €0.48 level on two deals totalling 15,806.

On the other hand, BMIT Technologies plc slumped by 8.6% to a three-week low of €0.32 across four trades amounting to 24,500 shares.

VBL plc slumped by 20% to an all-time low of €0.12 on a single deal of 12,500 shares.

Meanwhile, Bank of Valletta plc traded flat at the €1.80 level as 31,150 shares changed hands.

A single trade of 120 shares left the share price of Simonds Farsons Cisk plc unchanged at the €6.55 level.

Plaza Centres plc held the €0.58 level over three deals amounting to 15,534 shares.

PG plc stayed at the €1.86 level across five trades totalling 40,100 shares.

Hili Properties plc held the €0.193 level on a single deal of 12,500 shares.

M&Z plc (13,500 shares) and Harvest Technologies plc (6,650 shares) closed unchanged at the €0.54 and €0.90 levels respectively.

Computime Holdings plc held the €0.45 level on trivial volumes.

The RF MGS Index reversed the gains of last Friday as it fell by 0.40% to 911.883 points as sovereign bond yields in the euro area moved higher amid various geopolitical negotiations. Today, the Bundesbank President Joachim Nagel stated that tariffs from the US would hinder growth in the German economy, which heavily relies on exportation. In particular, he stated if all the tariffs hinted by the US are imposed, Germany’s GDP would shrink by 1.5% over the next two years, extending the economic contraction of the last two years. The uncertainty over the future of the German economy is amplified by the upcoming general election next weekend, after which an economic reform is widely anticipated.

 

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