GO launches insurance product for home contents

The MSE Equity Price Index rose by 0.33% to 3,729.003 points as gains in Medserv, IHI, Malita, PG, and Quinco outweighed the declines in MIA, BOV and Lombard. Meanwhile, four equities closed unchanged as today’s total trading €0.20 million. Download today’s Equity Market Summary.

GO plc closed unchanged at the €2.50 level across two trades amounting to 6,780 shares. In a press release, GO announced that it entered the insurance sector with the launch of GO Insure, a home contents insurance product developed in partnership with Atlas Insurance, for which GO is acting as a Tied Insurance Intermediary.

Also among the large companies by market capitalisation, APS Bank plc closed unchanged at the €0.49 level as 19,787 shares. Last Wednesday APS published a Prospectus following regulatory approval in connection with a 3-for-11 Rights Issue at a price of €0.44 per share. APS Bank plc shareholders as at the close of trading on Thursday 2 October 2025 are eligible to apply for their proportionate entitlement and also have priority to apply for excess shares. Subsequently, any remaining excess shares will be made available to investors through an Intermediaries’ Offer, with preferential allocation to be given to APS employees and APS bondholders at the close of trading on Thursday 2 October 2025. The Rights Issue period starts on Monday 27 October 2025.

MaltaPost plc closed unchanged at the €0.44 level over five deals totalling 10,300 shares, but the weighted average price stood at €0.41 (-6.8%).

Simonds Farsons Cisk plc held the €4.98 level on muted activity.

MedservRegis plc surged by 37.6% to the €0.75 level across six deals totalling 25,350 shares, but the weighed average price for today stood at the previous closing price of €0.545. On Tuesday, Medserv published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of up to €25 million in a mix of 5.50% euro-denominated unsecured bonds and 6.50% US dollar-denominated unsecured bonds maturing between 2031 and 2036. The entire €25 million in nominal value of the bonds has been reserved for the holders of the 4.50% euro-denominated unsecured bonds and the 5.75% US dollar-denominated unsecured bonds, both redeemable on 5 February 2026. The forecasts within the Prospectus showed that the Group is expecting revenue of €84.1 million in 2025, which is 5.4% higher than the previous projected figure of €79.8 million. EBITDA is expected to amount to €19.5 million, which is 8.8% higher than the previous forecast of €18.0 million. In 2026, Medserv expects revenue of €86.9 million and EBITDA of €19.0 million.

International Hotel Investments plc rose by 5.1% to the €0.45 level on two deals amounting to 3,500 shares.

Malita Investments plc increased by 2.8% to the €0.448 level across three trades totalling 20,300 shares.

PG plc moved 0.6% higher to the €1.77 level over three deals amounting to 7,818 shares. PG is holding its Annual General Meeting today.

Quinco Holdings plc gained 8.9% to the €1.22 level across four trades totalling 1,720 shares although the majority of today’s trading happened at the €1.09 level (-2.7%)

Bank of Valletta plc fell by 1.6% to the €1.88 level over seventeen deals totalling 59,136 shares, albeit trading at a weighted daily average price of €1.92 (+0.5%).

Also in the banking sector, Lombard Bank Malta plc decreased by 3.7% to the €0.655 level on a single trade of 3,516 shares.

Malta International Airport plc moved 0.8% lower to the €5.85 level on two deals amounting to 2,510 shares.

The RF MGS Index remained largely unchanged at 917.400 points. Eurozone private sector activity reached a one-and-a-half-year high as of October, reflecting improved business activity in the services sector and the resilient performance of manufacturing. Meanwhile in the US, trade tensions escalated with Canada after the US President terminated trade talks due to a Canadian political advertisement criticizing US tariffs. Data published today showed that inflation in the US accelerated for the second consecutive month in September to a nine-month high of 3.0%, which however was lower than the 3.1% which was anticipated. The increase in inflation was driven by the largest increase in energy prices since May 2024. In fact, core inflation unexpectedly fell to 3.0 compared to an anticipated flat rate of 3.1%.

 

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.