RS2 leads trading activity

The MSE Equity Price Index fell by 0.01% to 3,792.034 points as the declines in APS, IHI and MIA outweighed the gains in PG and the ordinary shares of RS2. Meanwhile, four equities closed unchanged as today’s trading activity in local equities amounted to €0.17 million. Download today’s Equity Market Summary.

The ordinary shares of RS2 plc closed 17.6% higher to the €0.40 level over five deals amounting to 277,000 shares, with a volume weighted average price of €0.35 (+2.9%). Today, RS2 plc announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

PG plc gained 2.8% to the €1.85 level over trivial volumes.

On the other hand, International Hotel Investments plc fell by 6.5% to the €0.43 level on a single deal of 4,000 shares.

APS Bank plc shed 1.9% to the €0.53 level on one trade of 6,617 shares. APS will publish its interim results on Thursday 31 July.

M&Z plc moved 1.8% lower to the €0.55 level on a single deal of 6,160 shares.

Meanwhile, Hili Properties plc closed unchanged at the €0.24 level over two deals amounting to 76,000 shares.

HSBC Bank Malta plc traded flat at the 1.37 level as 4,144 shares changed hands. HSBC will publish its interim results on Wednesday 30 July.

Also in the banking sector, Bank of Valletta plc closed unchanged at the €1.87 level over seven deals amounting to 23,047 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 held the €5.95 level on minimal activity.

The RF MGS Index fell in every session this week, dropping by a further 0.48% today to a four-month low of 905.917 points and registering a weekly decline of 0.84%. The downward movement in MGS bid prices reflect the surge in euro area sovereign bond yields, with the German 10-year bund yield hovering above 2.75%, a level last seen in early April before the US announced base tariffs on all trading partners. The increase in yields reflects the continued uncertainty over the magnitude and impact of the US tariffs. Following yesterday’s monetary policy meeting, the ECB stated that currently the downside risks to economic growth are being outweighed by unusually high uncertainty around inflation. As a result, the ECB did not continue with its rate cutting cycle.

 

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.