IHI surges amid progress on Lisbon hotel sale

The MSE Equity Price Index climbed by 0.48% to 3,802.95 points as the gains in IHI, APS and Farsons outweighed the declines in Harvest, Lombard and Mapfre. Meanwhile, six other equities closed unchanged but overall trading value was muted at under €0.1 million. Download today’s Equity Market Summary.

International Hotel Investments plc advanced by 7.1% to the €0.45 level across seven deals totalling 88,636 shares. Following yesterday’s close of trading, IHI announced that it has entered into a framework agreement with Orion European Real Estate Fund VI, a fund managed by Orion Capital Managers, an experienced investor in the European hotel sector, to acquire and own in joint-venture the five-star Lisbon Corinthia Hotel. IHI’s subsidiary Corinthia Hotels Limited will continue to manage and operate the hotel under the Corinthia brand. IHI explained that it currently owns 100% of the hotel and will own 28% of the joint venture once the acquisition is completed. IHI also highlighted that the proposed transaction establishes a valuation for the hotel above book value. Corinthia Hotel Lisbon had an asset value of €144 million as at 31 December 2024. The transaction is subject to a series of actions necessary to complete the financing and transfer of the hotel to the joint venture. The transaction is expected to close in the first half of 2026.

Today’s others positive performers were APS Bank plc (+3.9% to €0.484) and Simonds Farsons Cisk plc (+0.9% to €5.40).

In contrast, Harvest Technology plc slumped by 10% to the €0.63 level on a single trade of 4,962 shares.

Mapfre Middlesea plc eased by 1.4% to the €1.37 level across two deals totalling 2,182 shares.

Lombard Bank Malta plc fell by 3.2% to the €0.76 level on trivial volumes.

Bank of Valletta plc closed unchanged at the €1.90 level over five trades amounting to 10,112 shares.

Also among the large companies by market capitalisation, Malta International Airport plc traded flat at the €5.85 level as 1,293 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.43 level across two deals totalling 1,000 shares.

GO plc held the €2.50 level over two trades totalling 542 shares.

Computime Holdings plc stayed at the €0.44 level as 7,540 shares changed hands.

MIDI plc closed unchanged at the €0.19 level after recovering from an intraday low of €0.14 (-26%) across three deals totalling 65,324 shares.

The RF MGS Index declined by 0.31% to 902.4 points as global sovereign bond yields surged. An economic survey showed that Germany’s investor morale improved in January 2026 to its highest level since July 2021, comfortably exceeding market expectations. However, sentiment was dominated by ongoing geopolitical tensions, after US President Donald Trump reiterated calls for the United States to assume control of Greenland alongside renewed threats of tariffs on several European countries, including a proposed 200% levy on French wine and champagne following French President Macron’s refusal to join Trump’s Board of Peace initiative on Gaza.

 

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.