BOV dominates trading activity

 

The MSE Equity Price Index fell by 0.21% to 3,825.975 points as the declines in IHI, Lombard, Trident, and the ordinary shares of RS2 outweighed the gains in GO and MIDI. Meanwhile, six other equities closed unchanged as today’s trading activity amounted to €0.41 million. Download today’s Equity Market Summary.

Bank of Valletta plc accounted for the majority of today’s trading activity as it closed unchanged at the €2.08 level across twenty-six deals amounting to 144,173 shares.

Hili Properties plc held the €0.24 level on a single deal of 5,000 shares.

Malta International Airport plc traded flat at the €5.90 level as 1,432 shares changed hands.

M&Z plc closed unchanged at the €0.56 level across four deals totalling 9,000 shares.

Malita Investments plc closed unchanged at the €0.478 level across five deals amounting to 11,487 shares.

Also in the property sector, Malta Properties Company plc held the €0.31 level on muted activity.

Meanwhile, MIDI plc rose by 1.6% to the €0.25 level across seven trades totalling 70,979 shares.

GO plc moved 0.8% higher to the €2.60 level over seven deals amounting to 17,221 shares. Today, GO held its AGM which approved all resolutions on the agenda.

The ordinary shares of RS2 plc fell by 2.6% to the €0.38 level over three deals totalling 36,594 shares. RS2 will hold its AGM on Tuesday 24 June 2025.

Trident Estates plc shed 0.9% to the €1.10 level on a single trade of 4,500 shares.

A single trade of 9,222 shares pulled the share price of Lombard Bank Malta plc 2.0% lower to the €0.735 level.

International Hotel Investments plc declined by 2.4% to the €0.478 level over three deals amounting to 4,400 shares.

The RF MGS Index remained practically unchanged at 915.860 points. Yesterday, the Federal Reserve kept the federal funds rate unchanged between 4.25%-4.50% in line with expectations.  The committee indicated that it expects to implement two rate cuts during the current financial year along with one reduction in both 2026 and 2027. Moreover, the the US GDP forecast for 2025 was decreased to 1.4% from 1.7% which was projected last month and the 2026 forecast was reduced to 1.6% from 1.8%. Furthermore, the Federal Reserve anticipates that inflation will amount to 3.0% in 2025, 2.4% in 2026 and 2.1% in 2027, all above previous expectations. Unemployment estimates were also increased to 4.5% for both 2025 and 2026, instead of the previous forecasts of 4.4% and 4.3% respectively.

Elsewhere in the UK, today the Bank of England also opted to leave its base interest rate unchanged at 4.25% against a backdrop of heightened political uncertainty and persistent inflationary pressures. The Bank of England stated that it anticipates that inflation will remain at the current rates for the rest of the year before falling back towards the target of 2% next year. Nonetheless, the bank noted that there was an upside risk to inflation in the UK driven by the escalating conflict in the Middle East as well as potential trade disruptions due to US tariffs.

 

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.