MSE Equity Price Index drops to 3-month low

The MSE Equity Price Index shed 0.87% to a 3-month low of 3,792.883 points as the declines in APS, FIMBank, MIA, and RS2 outweighed the gain in BMIT. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.19 million. Download today’s Equity Market Summary.

Malta International Airport plc moved 2.5% lower to the €5.80 level over seven deals totalling 6,304 shares.

Also among the large companies by market value, APS Bank plc dropped by 2.7% to the €0.545 level across six trades totalling 17,212 shares.

The ordinary shares of RS2 plc plunged by 10.3% to the €0.42 level on a single deal of 2,500 shares.

FIMBank plc fell by 16.7% to the USD0.12 level on one trade of 13,300 shares.

BMIT Technologies plc closed 0.6% higher to the €0.322 level, albeit the volume-weighted price of the day stood at €0.301 (-6.0%). A total of 25,350 shares changed hands.

Today’s most actively traded equity was Hili Properties plc as it traded flat at the €0.24 level across 355,000 shares.

Bank of Valletta plc (5,398 shares) and HSBC Bank Malta plc (14,400 shares) both closed unchanged at the €1.98 and €1.44 levels respectively.

Simonds Farsons Cisk plc held the €6.10 level on three deals totalling 2,324 shares.

Trident Estates plc stayed at the €1.09 level on one trade of 2,663 shares.

The RF MGS Index increased for the third consecutive session as it rose by 0.22% to 915.353 points. Yesterday, the European Commission released the Spring economic forecasts in which the projected economic growth in the euro area for 2025 and 2026 were lowered to 0.9% and 1.4% from the previous expectations of 1.3% and 1.6%. Meanwhile, expected inflation for 2025 was left unchanged whilst inflation projected for 2026 was lowered to 1.7% from 1.9%. Unemployment in the euro area is now anticipated to reach an all-time low of 6.1% by 2026, which is lower than the previous forecast of 6.3%. On the local front, the expected economic growth in Malta was revised lower to 4.1% and 4.0% in 2025 and 2026 respectively from 4.3% which was previously expected in both years. Nonetheless, Malta is still anticipated to have the fastest growing economy in the euro area on the basis of strong domestic consumption, low unemployment, and a declining deficit. Unemployment in Malta is set to remain unchanged at 3.1% over the two upcoming years, which is the lowest unemployment rate in the euro area.

 

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.