HSBC pulls the MSE Equity Price Index lower

The MSE Equity Price Index fell by 0.08% to 3,795.633 points due to a decline in HSBC. Meanwhile, three equities closed unchanged as today’s trading activity in local equities was muted at just under €70,000. Download today’s Equity Market Summary.

HSBC Bank Malta plc fell by 0.7% to the €1.37 level over four trades amounting to 7,297 shares. HSBC will publish its interim results on Wednesday 30 July.

Meanwhile, Bank of Valletta plc traded flat at the €1.87 level over three deals amounting to 3,040 shares. On Monday, 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.

Malta International Airport plc remained at the €5.95 level as 8,050 shares changed hands.

The ordinary shares of RS2 plc closed unchanged at the €0.34 level over three deals totalling 4,735 shares, albeit most shares changed hands at the €0.324 level (-4.7%).

The RF MGS Index fell for the fourth consecutive session as it declined by 0.17% to a three-month low of 910.275 points. Today, the ECB opted to leave its deposit facility rate unchanged at 2.00%, snapping its rate-cutting cycle of eight consecutive cuts. Following the meeting, ECB President Christine Lagarde highlighted that there is still uncertainty due to tariff negotiations with the US, especially since tariffs can be inflationary due to supply bottlenecks and trade disruptions. Ms. Lagarde also noted that by leaving rates unchanged there remains a possibility that inflation will undershoot its target, nonetheless, she highlighted that this was not a cause for concern.

 

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.