Local equity index registers four-day losing streak

The MSE Equity Price Index shed 0.18% to a fresh 3-month low of 3,775.000 points as the declines in BMIT and IHI outweighed the gains in APS, BOV, Medserv, and MIA. Meanwhile, five other equities closed unchanged as today’s trading activity amounted to €0.35 million. Download today’s Equity Market Summary.

International Hotel Investments plc slumped by 10.2% to a five-month low of €0.404 across three deals totalling 5,016 shares.

BMIT Technologies plc fell by 4.7% to an all-time low of €0.286 on two deals amounting to 3,852 shares.

In contrast, APS Bank plc rebounded by 3.7% to the €0.56 level on a single deal of 5,000 shares.

Also in the banking sector, Bank of Valletta plc moved 0.5% higher to the €1.99 level across twenty-three deals totalling 36,670 shares. On Wednesday, 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.

MedservRegis plc surged by 12.5% to the €0.45 level on two trades amounting to 5,000 shares.

Malta International Airport plc increased by 0.8% to the €6.00 level over seven trades amounting to 4,600 shares.

Meanwhile, Hili Properties plc traded flat at the €0.24 level as 912,700 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.41 level over four deals totalling 5,309 shares.

PG plc held the €1.85 level on a single trade of 6,250 shares.

The ordinary shares of RS2 plc traded flat at the €0.42 over three deals totalling 13,402 shares.

GO plc held the €2.60 level over trivial volumes.

The RF MGS Index rose by 0.21% to 913.323 points. Sovereign bond yields in the euro area fell sharply in the afternoon, reflecting a flight-to-safety to bonds, after US President Donald Trump announced that he is considering a 50% tariff on the EU starting from 1 June as trade negotiations have stalled. Furthermore, Trump threatened to impose a tariff of at least 25% on Apple if it does not start manufacturing iPhones in the United States. Meanwhile, data released today showed that German economic growth was flat on an annual basis in the first quarter of the year compared to a projected decline. Quarter-over-quarter economic growth in Germany was 0.4%, which was the sharpest expansion in almost three years and a rebound from a 0.2% contraction in the last quarter of 2024.

 

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.