Lombard drops to a multi-year low of €0.60

The MSE Equity Price Index increased by 0.05% to 3,720.817 points as the gains in BOV, MIDI and MIA outweighed the declines in APS, Lombard, Main Street Complex and Mapfre Middlesea. Meanwhile, five equities closed unchanged as today’s total trading activity amounted to around €73,000. Trading on the MSE resumes on Monday 29 December. Download today’s Equity Market Summary.

Lombard Bank Malta plc shed 6.3% to a 20-year low of €0.60 over four trades amounting to 12,450 shares.

Also in the banking sector, APS Bank plc declined by 0.4% to the €0.478 level over seven deals totalling 27,596 shares.

Mapfre Middlesea plc fell by 0.7% to the €1.38 level on a single trade of 2,000 shares.

Main Street Complex plc dropped by 5.0% to the €0.19 level on one deal of 30,000 shares.

HSBC Bank Malta plc closed unchanged at the €1.42 level across two deals amounting to 3,250 shares. Today, HSBC announced that following the put option agreement between its parent company HSBC Continental Europe (‘HBCE’) and CrediaBank S.A., regarding the potential sale of HBCE’s majority shareholding in the bank, HBCE’s French works council process was completed and HBCE and CrediaBank have now entered into a definitive agreement for the sale and purchase of HBCE’s majority shareholding in the bank. Furthermore, the bank, HBCE and CrediaBank have also entered into a cooperation agreement to govern their respective obligations in relation to the proposed transaction, which is still subject to the attainment of the necessary corporate and regulatory approvals. HSBC Bank Malta also noted that it reached an agreement with the Malta Union of Bank Employees to settle its pending industrial disputes. The bank’s financial contribution towards the total agreed settlement is expected to amount to €10 million and will be made through a series of ex gratia payments to qualifying employees.

GO plc traded flat at the €2.48 level as 1,940 shares changed hands.

PG plc remained at the €1.69 level on muted activity. Last Friday, PG published its interim results for the six-month period ended 31 October 2025. When compared to the same period last year, revenue increased by 8.4% to €104.8 million and operating profit increased by 7.7% to €10.5 million. The operating profit margin remained virtually unchanged at 10%. The directors’ report highlighted that a revenue increase of 10% was registered following the reporting period.

Simonds Farsons Cisk plc traded flat at the €5.40 level across two deals amounting to 600 shares.

Malta Properties Company plc closed unchanged at the €0.35 level on low volumes.

Meanwhile, Bank of Valletta plc gained 0.5% to the €1.91 level over nine deals totalling 8,348 shares.

Malta International Airport increased by 0.9% to the €5.85 level across five trades amounting to 2,174 shares.

MIDI plc moved 0.6% higher to the €0.171 level on two deals totalling 12,000 shares. Yesterday, MIDI announced that it entered into promise of sale agreements with Basel Capital Limited, whereby MIDI plc and its fully owned subsidiary T14 Investments Limited promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 over the eleven commercial premises which underlie the Pjazza Blocks as well as the building known as Unit T3, all situated at Tigné Point, Sliema. The promise of sale agreements are valid up to 30 April 2026. The consideration for the sale amounts to €10.2 million with the payment to be made on the final deed of sale. The agreement is subject to several conditions which need to be satisfied prior to the final deed of sale. The company noted that the properties are currently leased out individually to third party tenants except for one which is being used as a sales office by MIDI. The current total annual rental income attributable to the properties amounts to €657,000. The eleven commercial properties are currently hypothecated as security for repayment of MIDI’s €50 million bond which is due to mature in July 2026. MIDI explained that it intends to use the proceeds from the sale towards the redemption of the bond.

Today, Santumas Shareholdings plc announced that its Board of Directors is scheduled to meet on Monday 29 December 2025 to consider the approval of the interim financial statements for the six-month period ended 31 October 2025.

The RF MGS Index increased by 0.1% to 899.902 points. Data released today showed that US GDP expanded at an annualised rate of 4.3% in the third quarter, marking the strongest pace in two years and comfortably exceeding forecasts of 3.2%. The growth was driven by both consumer and government spending, which was partly offset by a decline in investment. Meanwhile, Personal Consumption Expenditures (PCE) inflation rose to 2.8% in Q3 from 2.1% in Q2, albeit slightly below the previously anticipated 2.9%.

 

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.