Strong trading activity in BOV and MIA

The MSE Equity Price Index increased by 1.3% to 3,997.3 points, its highest level since June 2021, as gains in nine equities outweighed declines in Plaza, IHI and the ordinary shares of RS2. Meanwhile, three other equities closed unchanged as today’s trading activity on the main market amounted to €1.3 million. Activity in BOV and MIA accounted for over 75% of today’s total value traded. Download today’s Equity Market Summary.

Bank of Valletta plc moved 1.9% higher to a 19-year high of €2.14 level across 21 trades totalling 267,462 shares having a market value of €0.57 million. BOV will be publishing its 2025 annual results on Thursday 26 March.

Malta International Airport plc gained 0.8% to the €6.10 as 69,288 shares changed hands across ten trades having a market value of €0.42 million.

MIDI plc climbed by 7.7% to a two-year high of €0.28 level across four deals amounting to 323,932 shares. Yesterday, MIDI announced that it has reached an in-principle agreement with the Government of Malta for the partial rescission of the emphyteutical deed dated 15 June 2000. Under the proposed agreement, the emphyteutical concessions over Manoel Island and Fort Tigné would be handed back to the Government, while the concession over Tigné Point (excluding Fort Tigné) would remain in full force and effect. The reimbursement payable to the company as a result of the partial rescission amounts to €47.3 million. After adjusting for the reimbursement of VAT arising from the transaction, the net reimbursement is expected to be approximately €43 million. The in-principle agreement remains subject to a number of conditions, including the finalisation of the terms of the rescission deed and the approval of the company’s shareholders at an extraordinary general meeting. The meeting will be convened once the terms of the deed have been agreed and following approval of the deed by the House of Representatives.

APS Bank plc rose by 6% to the €0.515 level as 46,100 shares changed hands.

Mapfre Middlesea plc increased by 13.6% to the €1.59 level across seven trades amounting to 24,650 shares, although the weighted average price for the day was €1.39 (-1%).

PG plc gained 3% to the €1.69 level across four trades totalling 38,980 shares.

GO plc advanced by 0.8% to the €2.56 level across three deals amounting to 11,000 shares. GO will be publishing its 2025 financial statements on Wednesday 25 March.

Malita Investments plc (+2.7%) and Simonds Farsons Cisk plc (+0.9%) rose to the €0.38 and €5.45 levels respectively albeit over trivial volumes.

Hili Properties plc (30,000 shares), HSBC Bank Malta plc (17,081 shares) and MaltaPost plc (21,950 shares) traded flat at the €0.27, €1.48 and €0.45 levels respectively.

International Hotel Investments plc fell by 3.7% to the €0.414 level across three deals totalling 9,500 shares. Yesterday, IHI announced that its subsidiary Corinthia Hotels Limited (CHL), has entered into a partnership with ShiLong Industry Co and The Geminus Group of London to operate a hotel property currently under development in Chengdu, China. The hotel will feature approximately 150 guestrooms and suites, alongside 60 branded residences.

Plaza Centres plc eased by 2.2% to the €0.88 level as 9,000 shares changed hands across three trades.

The ordinary shares of RS2 plc shed 6.3% to the €0.30 level as 23,255 shares changed hands across two deals.

The RF MGS Index increased by 0.3% to 900.2 points with yield volatility dominated by ongoing developments related to the Middle East conflict. In the US, producer price inflation rose to 3.4% in February when compared to the previous year. The reading was well above forecasts of 2.9%, and the highest reading since February 2025.