AX Real Estate falls to an all-time low

The MSE Equity Price Index fell by 0.58% to 3,811.258 points as the declines in AX Real Estate, BOV, and Trident outweighed the gains in GO and Farsons. Meanwhile, MIA closed unchanged. Download today’s Equity Market Summary.

AX Real Estate plc slumped by 10.1% to an all-time low of €0.34 across four deals amounting to 67,055 shares. The Board of Directors is scheduled to meet today to consider the approval of the financial results for the six-month period ended 30 April 2025.

Also in the property sector, Trident Estates plc plummeted by 6.4% to a one-month low of €1.03 on a single deal of 5,000 shares. Trident is holding its Annual General Meeting on Thursday 26 June.

Bank of Valletta plc moved 1.9% lower to the €2.04 level over nine trades amounting to 12,405 shares.

On the other hand, Simonds Farsons Cisk plc increased by 0.8% to the €6.25 level as 1,218 shares changed hands. Farsons is holding its AGM on Thursday 26 June.

GO plc gained 0.7% to the €2.70 level across four trades amounting to 20,501 shares.

Meanwhile, Malta International Airport plc traded flat at the €5.90 level over five deals amounting to 3,414 shares. Following the close of trading, MIA announced that last week it bought back 4,317 of its own shares for a total value of €25,595, which translates into an average price of €5.93 per share.

The RF MGS Index fell by 0.28% to 915.230 points as sovereign bond yields increased following the involvement of the US in the conflict of the Middle East during the weekend. Various news portals reported that Iran is considering closure of the Strait of Hormuz, which would lead to oil supply constraints and therefore higher prices. Meanwhile, data released today showed that the private sector economy growth forecasts for June were revised higher for Germany, the US and the UK.

 

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.