Most equities unchanged amid muted activity

The MSE Equity Price Index increased by 0.47% to 3,795.5 points as the gains in APS, BOV, and Mapfre outweighed the decline in BMIT. Meanwhile, five other equities closed unchanged but overall trading activity was just under €0.10 million. Download today’s Equity Market Summary.

Malta International Airport plc closed unchanged at the €5.80 level as 1,013 shares changed hands.

Also among the large companies by market capitalisation, HSBC Bank Malta plc traded flat at the €1.43 level across volumes totalling 13,438 shares.

GO plc closed unchanged at the €2.48 level across five deals totalling 11,945 shares.

International Hotel Investments plc held the €0.45 level on trivial volumes. Yesterday, IHI announced that its hotel operating arm Corinthia Hotels Limited signed a management agreement to operate a luxury resort in Lake Como, Italy. The agreement was signed with RoundShield, which recently announced its acquisition of this 40-hectare property. Construction is expected to begin following final planning approvals, with operations targeted for late 2028. The 58-key Corinthia Lake Como will be built adjacent to the grounds of Italy’s second-oldest golf course in the alpine village of Menaggio, overlooking Lake Como. The plans include a world-class spa, wellness and dining experiences, and a lakefront club providing direct access to the water at the widest part of the lake. The resort will also feature three branded residences.

AX Real Estate plc stayed at the €0.348 level on minimal activity.

APS Bank plc rebounded by 3.0% to the €0.48 level on three trades totalling 7,558 shares.

Bank of Valletta plc increased by 1.1% to the €1.92 level over ten trades amounting to 13,684 shares.

BOV’s insurance associate Mapfre Middlesea plc climbed 2.2% to the €1.37 level on a single deal of 826 shares.

BMIT Technologies plc was today’s only negative performing equity as it fell by 2.1% to the €0.274 level on two deals totalling 4,550 shares.

The RF MGS Index rose by 0.06% to 904.17 points. A landmark trade agreement was finalized between the EU and India today, with the aim of boosting economic transactions amid US tariffs and Chinese export controls. The deal is expected to double EU goods exports to India by 2032 as it eliminates or reduces tariffs on 96.6% of EU exports to the country. Elsewhere, the recent rise in Japanese government bond yields indicates that Japan’s economy is finally normalizing after decades of deflation, with higher yields reflecting rising inflation expectations and stronger economic growth. The recent surge also reflects renewed concerns about Japan’s debt levels and the potential for fiscal stress if government borrowing accelerates following the election scheduled for 8 February.

 

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.