Diverse trading across 15 equities

The MSE Equity Price Index shed 0.09% to a fresh 3-month low of 3,781.829 points as the declines in APS, GO, HSBC, MaltaPost, and M&Z outweighed the gains in Grand Harbour Marina, MIA and Malita. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity as it closed unchanged at the €1.98 level over fifteen trades amounting to 56,706 shares. Yesterday, BOV announced that it approved the Final Terms relating to the Series 2 Tranche 1 bonds under its existing Unsecured Euro Medium Term Bond Programme. The Bank intends to issue the Series 2 Tranche 1 in the form of an issue of €100 million (with an overallotment option of a further €50 million) 5% unsecured subordinated bonds maturing between 2030 and 2035. An amount of up to €50 million will be reserved for subscription by Preferred Applicants, which are holders of the 3.50% BOV subordinated bonds 2030 (Series 1 & 2), 3.75% BOV subordinated bonds 2026/31, 5.00% BOV subordinated bonds 2029/34 (Series 1) and shareholders of BOV as at close of trading on 23 May 2025 together with employees of the Bank and any of its subsidiaries. A further €35 million will be reserved for subscription by Professional Clients and Eligible Counterparties. The offer period is expected to open on Monday 9 June 2025.

Hili Properties plc traded flat at the €0.24 level on two deals amounting to 117,000 shares.

BMIT Technologies plc held the €0.30 level on a single trade of 28,600 shares.

FIMBank plc held the USD0.12 level on one trade of 5,000 shares.

The ordinary shares RS2 plc held the €0.42 level on one trade of 6,408 shares.

Plaza Centres plc traded flat at the €0.62 level on two deals amounting to 65,345 shares.

Simonds Farsons Cisk plc closed unchanged at the €6.00 level over two deals amounting to 1,160 shares.

Malita Investments plc surged by 6.1% to the €0.49 level albeit over trivial volumes.

Malta International Airport plc moved 0.8% higher to the €5.95 level across three deals totalling 2,195 shares.

Grand Harbour Marina plc rose by 4.2% to the €0.99 level on two trades totalling 1,650 shares. Yesterday, Grand Harbour Marina declared a gross interim dividend of €0.039775 per share. The dividend is payable on 20 June 2025 to shareholders as at close of trading on 11 June 2025.

On the other hand, APS Bank plc shed 0.9% to the €0.54 level over four deals amounting to 17,074 shares.

GO plc declined by 1.5% to the €2.60 level on muted activity.

HSBC Bank Malta plc fell by 1.4% to the €1.41 level on two deals amounting 2,075 shares.

Malta Properties Company plc slumped by 3.1% to the €0.31 level on a single trade of 2,470 shares.

M&Z plc decreased by 1.8% to the €0.55 level over four deals totalling 5,800 shares.

The RF MGS Index fell by 0.15% to 911.396 points as euro area sovereign bond yields continued to increase with the German 10-year yield hovering at the 2.65% level. ECB Board member Isabel Schnabel commented that US tariffs pose risks to medium term inflation even if the EU does not retaliate as higher production costs will offset the disinflationary pressure coming from lower foreign demand. Moreover, another Board member, Klass Knot stated that although a negative demand shock will lead to lower inflation in the short run, the supply shock will lead to higher inflation in the middle to long term. Meanwhile, data released today showed that the private sector economy in the euro area unexpectedly declined for the first time this year. Notably, firms received less orders as the risk of upcoming tariffs potentially dampened the appetite for commitment to new business.

 

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.