Varied movements across low volumes

The MSE Equity Price Index fell by 0.26% to the 3,914.931 points as the declines in FIMBank, GO, IHI, Malita, Trident and the ordinary shares of RS2 outweighed the gains in AX Real Estate, BMIT, Lombard, Medserv, and MPC. Meanwhile, three other equities closed unchanged. Despite that trading took place across 14 equities, the total trading value amounted to around €55,000. Download today’s Equity Market Summary. 

GO plc shed 1.5% to the €2.68 level on a single deal of 700 shares. GO’s Board of Directors is scheduled to meet on Wednesday 16 April 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend.

FIMBank plc slumped by 6.3% to the USD0.15 level on one trade of 8,000 shares.

International Hotel Investments plc fell by 2.2% to the €0.44 level on two deals totalling 3,600 shares. Yesterday, IHI announced that a joint-venture company with Action Real Estate Company, in which IHI holds a minority position, acquired two neighbouring hotels in a prime location in Beverly Hills, Los Angeles, in California. IHI explained that the hotels will undergo a refurbishment and that the acquisition is part of a broader strategy for the Beverly Hills market.

Malita Investments plc decreased by 3.8% to the €0.51 level on two trades amounting to 20,000 shares.

Also in the property sector, Trident Estates plc fell by 0.9% to the €1.10 level on two deals amounting to 1,950 shares with most of the trades taking place at the €1.00 (-9%) level.

The ordinary shares of RS2 plc moved 2.5% lower to a multi-year low of €0.39 on a single trade of 4,797 shares.

On the other hand, BMIT Technologies plc gained 2.4% to the €0.34 level on one deal of 3,000 shares. BMIT shareholders as at close of trading on Thursday 15 May 2025 will be entitled for a net dividend per share of €0.0189. Shareholders will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.319 per share.

Malta Properties Company plc surged by 4.0% to the €0.362 level as 3,000 shares changed hands. MPC is expected to publish its 2024 annual financial results on Thursday 20 March.

One trade of 4,500 shares pushed the share price of Lombard Bank Malta plc 2.0% higher to the €0.76 level. Lombard’s Board of Directors is scheduled to meet on Wednesday 16 April 2025 to approve the financial statements for the year ending 31 December 2024. The Directors will also consider the declaration of a final dividend to be recommended at the upcoming Annual General Meeting, subject to regulatory guidelines and approvals.

MedservRegis plc surged by 9.3% to the €0.448 level albeit over trivial volumes. Today, MedservRegis plc announced that its Board of Directors is scheduled to meet on Tuesday 22 April 2024 to consider the approval of the financial statements for the year ended 31 December 2024.

AX Real Estate plc gained 2.0% to the €0.41 level over four deals amounting to 5,550 shares. AX Real Estate shareholders as at the close of trading on 25 April 2025 will be entitled for a net final dividend of €0.00716 per share to be paid on 14 May 2025.

Meanwhile, Malta International Airport plc held the €6.10 level on muted activity. MIA shareholders as at the close of trading on Thursday 10 April 2025 will be entitled for a final net dividend of €0.12 per share to be paid by not later than Saturday 31 May 2025.

Also among large companies by market value, Bank of Valletta plc closed unchanged at the €2.00 level across five trades amounting 11,260 shares. BOV will publish its 2024 annual financial results on Wednesday 26 March.

VBL plc traded flat at the €0.175 level on two deals amounting to 30,700 shares.

The RF MGS Index rose by 0.19% to 902.438 points with sovereign bond yields in the euro area still close to year-to-date highs. This afternoon, the German parliament approved a €500-billion-euro fund for infrastructure and eased the constitutionally enshrined borrowing rules to allow higher spending on security. According to a prominent European investment bank, the increase in government expenditure could potentially push German 10-year bund yield to above 4%, the highest level since 2008. Furthermore, it added that although it expects the ECB to keep cutting rates this year, rates may need to be hiked once again next year as higher spending boosts growth and inflation.

 

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