BOV dominates trading activity

The MSE Equity Price Index rose by 0.70% to 3,795.586 points as the gains in APS, BOV, HSBC, IHI, and Plaza outweighed the decline in MIDI. Meanwhile, AX Real Estate and Malita closed unchanged as today’s trading activity in local equities amounted to €0.41 million. Download today’s Equity Market Summary.

Bank of Valletta plc was today’s most actively traded equity as it rose by 1.6% to a two-week high of €1.87 over twenty-seven deals amounting to 195,601 shares. Yesterday, BOV announced that it had 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 gained 1.9% to the €0.54 level on two deals amounting to 20,000 shares. APS will publish its interim results on Thursday 31 July.

HSBC Bank Malta plc advanced by 0.7% to the €1.38 level across two trades totalling 6,445 shares. HSBC will publish its interim results on Wednesday 30 July.

International Hotel Investments plc moved 2.2% higher to the €0.46 level across four deals amounting to 10,250 shares.

Plaza Centres plc increased by 0.8% to the €0.64 level on a single deal of 21,825 shares. Yesterday, Plaza 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.

On the other hand, MIDI plc fell to an all-time low of €0.18 on two deals mounting to 11,000 shares, however, most of the volume traded at €0.20 (+5%).

Meanwhile, AX Real Estate plc held the €0.33 level on one deal of 10,000 shares.

Also in the property sector, Malita Investments plc closed unchanged at the €0.50 level as 13,500 shares changed hands.

Lombard Bank Malta plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

The RF MGS Index decreased by 0.03% to 912.098 points. In its annual sector report, the International Monetary Fund (IMF) stated that tariffs are not an effective solution to address trade imbalances. The IMF explained that any escalation of the trade war could lead to a decline in global demand and heightened inflationary pressures, primarily due to rising import prices. Additionally, the IMF’s Chief Economist, Pierre-Olivier Gourinchas, noted that tariffs tend to have minimal impact on current account imbalances, as they typically reduce both investment and savings in the country imposing the 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.