BOV leads trading activity

The MSE Equity Price Index increased by 0.20% to 3,838.309 points as the gains in BOV, Computime, and Mapfre Middlesea outweighed the decline in Farsons. Meanwhile, four other equities closed unchanged but today’s trading activity was muted at just €0.17 million. Download today’s Equity Market Summary.

Bank of Valletta plc accounted for over 70% of the value traded as it advanced by 0.5% to the €1.90 level across nine deals totalling 63,014 shares.

Computime Holdings plc increased by 2.1% to the €0.486 level as 41,000 shares changed hands.

Mapfre Middlesea plc surged by 4.7% to the €1.34 level on a single trade of 3,799 shares.

In contrast, Simonds Farsons Cisk plc shed 1.6% to the €6.15 level, albeit on trivial volumes. Yesterday, Farsons announced that its Board of Directors is scheduled to meet on Wednesday 24 September 2025 to consider the approval of the interim financial statements for the six-month period ended 31 July 2025. The Directors will also consider the payment of an interim dividend. The company also stated that progress continues to be registered in relation to the proposed Food Business Spin-Off, with various statutory changes being implemented within the relevant corporate structures, and discussions being held with the relevant regulatory authorities. The Board of Quinco Holdings plc is scheduled to meet in September to consider the approval of the submission of an application to the Malta Financial Services Authority for the admissibility to listing of Quinco Holdings plc. Further information will be made available in a prospectus, which will be published once regulatory approval is obtained.

Hili Properties plc traded flat at the €0.24 level as 57,000 shares changed hands. The Board of Hili Properties is scheduled to meet on Friday 29 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

Malta International Airport plc stayed at the €6.00 level across two deals amounting to 951 shares.

VBL plc and BMIT Technologies plc closed unchanged at the €0.18 and €0.314 levels respectively on low volumes.

Yesterday evening, Harvest Technology plc published its interim financial statements covering the six-month period ended 30 June 2025. Revenues fell by 19.4% to €7.32 million reflecting declines in both the retail & IT solutions segment (-21.4% to €5.47 million) and the payment processing services arm (-13.1% to €2.23 million). The company explained that last year’s performance for the retail & IT solutions segment was positively impacted by the completion of several projects which did not re-occur in the first half of 2025. Meanwhile, payment processing services registered 4% growth in private sector processing, which didn’t translate into higher income due to pricing pressure from the international gaming sector. Total operating costs dropped by 9.2% to €7.4 million mainly due to lower cost of sales. Nonetheless, the Group registered an operating loss of €0.09 million compared to an operating profit of €0.93 million in the corresponding period last year. Excluding a depreciation and amortisation charge of €0.44 million, EBITDA amounted to €0.35 million (H1 2024: €1.37 million). Harvest recorded a net loss for the period of €0.06 million (H1 2024: net profit of €0.61 million). The Directors of Harvest Technology plc declared a net interim dividend of €0.015 per share which is 50% lower than last year’s interim dividend of €0.03 per share. The dividend is payable on 19 September 2025 to all shareholders as of the close of trading on 28 August 2025.

The RF MGS Index remained virtually unchanged at 907.497 points notwithstanding the volatility across eurozone sovereign bond yields due to the political developments in France. The Prim Minister of France is seeking a vote of confidence, but media reports indicated that the government is likely to collapse, which would lead to an early election. The spread of French sovereign bonds over the German bund yield increased by 5 basis points to around 75 basis points, with the French 10-year yield hovering around the 3.5% level.

 

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.