BOV receives regulatory approval for share buyback

The MSE Equity Price Index rose by 0.23% to 3,769.309 points as the gains in MaltaPost, Lombard, FIMBank, Farsons, and Medserv outweighed the declines in MIDI, AX Real Estate, and PG. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to just over €100,000. Download today’s Equity Market Summary.

Bank of Valletta plc traded flat at the €1.84 level as 18,096 shares changed hands. Today, BOV announced that it received regulatory approval for its share buyback program for up to 3,060,000 shares at a price ranging from €1.55 per share to a maximum of €2.55 per share, as adjusted for the bonus issue. Furthermore, BOV announced that its Board of Directors is scheduled to meet on Thursday 31 July 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend.

Also in the banking sector, APS Bank plc closed unchanged at the €0.53 level over three deals totalling 77,438 shares. APS will publish its interim results on Thursday 31 July.

BMIT Technologies plc held the €0.29 level on a single trade of 10,000 shares.

Malta International Airport plc held the €5.95 level on low volumes.

Meanwhile, MedservRegis plc surged by 7.3% to the €0.44 level over eight deals amounting to 32,500 shares. The volume weighted price for the day stood at €0.427 (+4.2%).

Lombard Bank Malta plc moved 1.4% higher to the €0.72 level over two trades totalling 5,174 shares.

MaltaPost plc (2.9%), Simonds Farsons Cisk plc (0.8%) and FIMBank plc (15.2%) rose to the €0.42, €6.20 and USD0.144 levels respectively all on muted activity.

On the other hand, AX Real Estate plc shed 2.9% to the €0.33 level on two deals amounting to 15,000 shares.

MIDI plc declined by 1.0% to the €0.19 level on minimal trading.

PG plc fell by 2.2% to the €1.80 level on one trade of 700 shares.

Today, Plaza Centres plc announced that its Board of Directors is scheduled to meet on Wednesday 30 July 2025 to consider the approval of the financial statements for the year ended 30 June 2025.

The RF MGS Index decreased by 0.13% to 912.385 points. Over the weekend, US Commerce Secretary Howard Lutnick said he was confident that a trade deal could be struck with the EU. However, Lutnick emphasised that the 1 August deadline will not be extended, after which a 30% base tariff will take effect.

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.