Multiple equities trade on low volumes

 

The MSE Equity Price Index remained virtually unchanged at 3,908.733 points as the declines in BMIT, BOV, FIMBank, MaltaPost, and MPC offset the gains in GO, Convenience, IHI, Medserv, and Malita. Meanwhile, four other equities closed unchanged. Despite activity in fourteen equities, today’s trading activity amounted to just €74,000. Download today’s Equity Market Summary.

Malta International Airport plc closed unchanged at the €6.15 level across two deals amounting to 1,317 shares. The Board of Directors is recommending a final net dividend of €0.12 per share to be paid by not later than Saturday 31 May 2025 to all shareholders as at the close of trading on Thursday 10 April 2025, subject to approval at the upcoming Annual General Meeting scheduled for Wednesday 14 May 2025. The proposed final dividend is unchanged from last year but when coupled with the higher net interim dividend per share of €0.06 paid in September 2024 (Sept 2023: €0.03), the total net dividend attributable to the 2024 financial year amounts to a record of €0.18 per share (2023: €0.15) which amounts to a payout ratio of 52.6% (2023: 50.4%).

HSBC Bank Malta plc held the €1.57 level as 5,000 shares changed hands. The Board of Directors is recommending a final net dividend of €0.078 per share to be paid on 20 May 2025 to all shareholders as at close of trading on 9 April 2025 subject to approval by the Annual General Meeting scheduled for 13 May 2025.

Also in the banking sector, Lombard Bank Malta plc held the €0.755 level on one deal of 3,002 shares.

Mapfre Middlesea plc closed unchanged at the €1.42 level on one trade of 1,570 shares.

Bank of Valletta plc moved 1.5% lower to the €1.92 level over trivial volumes.

Also in the banking sector, FIMBank plc slumped by 3.3% to the USD0.145 level over three trades amounting to 67,709 shares.

BMIT Technologies plc shed 2.9% to the €0.34 level on a single deal of 7,950 shares.

Malta Properties Company plc fell by 4.4% to the €0.346 level over trivial volumes.

MaltaPost plc plummeted by 4.3% to the €0.44 level on two deals amounting to 2,828 shares.

On the other hand, MedservRegis plc recovered some of yesterday’s losses as it gained 5.4% to the €0.39 level over three deals amounting to 10,500 shares.

Malita Investments plc moved 1.0% higher to the €0.525 level over three trades totalling 12,000 shares.

International Hotel Investments plc surged by 7.1% to the €0.45 level over four deals amounting to 37,100 shares. On Monday, IHI published an updated Financial Analysis Summary including forecasts for the financial year ended 31 December 2024 and projections the year ending 31 December 2025. During 2025, the Group anticipates disposing of the Corinthia Hotel Lisbon property and non-core businesses, resulting in a net cash inflow of €127.7 million. As such, IHI is recognising net gains from the sale of property and businesses of €55.1 million in its income statement projections for 2025. In FY2025, revenue is projected to fall by 0.8% to €299.8 million as the contributions from the new hotels in Brussels and Rome will be offset by the reduced revenue from the anticipated sale of the Corinthia Hotel Lisbon property, which however will be retained under the hotel management services of the Corinthia brand. Despite the projected reduction in revenue, EBITDA in FY2025 is anticipated to increase by 2.9% to €62.4 million resulting in a slight improvement in margin to 20.8% from 20.1% in the prior year.

GO plc rose by 0.7% to the €2.70 over five trades totalling 4,212 shares.

The Convenience Shop (Holdings) plc moved 1.1% higher to the €0.96 level on a single trade of 1,000 shares.

The RF MGS Index rose by 0.13% to 912.591 points. The US 2-year treasury yield hovered around 4.1% which is the lowest level since the beginning of December and the 10-year treasury fell below 4.3% for the first time in over two-months. Over the last month, US economy showed signs of weakness, which is also highlighted in the data released today showing that home sales in the country fell by more than anticipated to reach three-month low.

 

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.