BOV and HSBC push MSE Equity Price Index higher

The MSE Equity Price Index rose by 0.12% to 3,913.537 points as the gains in BOV and HSBC outweighed the decline in APS. Meanwhile, five equities closed unchanged as today’s trading activity in local equities amounted to €0.11 million. Download today’s Equity Market Summary.

Bank of Valletta plc gained 0.5% to the €1.93 level across eleven trades amounting to 24,750 shares.

Also in the banking sector, HSBC Bank Malta plc increased by 0.6% to the €1.58 level over eight deals totalling 20,127 shares. 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.

On the other hand, APS Bank plc decreased by 1.6% to the €0.63 level across four deals amounting to 13,500 shares. The Board of Directors of APS is scheduled to meet on Thursday 13 March 2025 to consider the approval of the financial statements for the financial year ended 31 December 2024. They will also consider the declaration of a dividend, subject to regulatory approval.

Meanwhile, Malta International Airport plc closed unchanged at the €6.15 level across three trades totalling 685 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.

Malita Investments plc traded flat at the €0.525 level as 18,500 shares changed hands.

Simonds Farsons Cisk plc held the €6.50 level on one trade of 457 shares.

MIDI plc closed unchanged at the €0.23 level over four deals amounting to 20,500 shares.

The Convenience Shop (Holdings) plc held the €0.96 level on one deal of 1,000 shares.

Today, BMIT Technologies plc announced that its Board of Directors is scheduled to meet on Tuesday 11 March 2025 to consider the approval of the financial statements for the year ended 31 December 2024. The Board will also consider the declaration of a final dividend.

Malta Properties Company plc announced that its Board of Directors is scheduled to meet on Thursday 20 March 2025 to consider the approval of financial statements for the year ended 31 December 2024. The Directors will also consider the declaration of a final dividend.

The RF MGS Index rose by 0.12% to a one-week high of 914.655 points as data released today highlighted a slowdown in the world’s largest economy. US economic growth during the last quarter of 2024 slowed to 2.3% from 3.1% in the previous quarter in line with expectations. Furthermore, the number of Americans filing for unemployment last week was larger than expected, reaching a two-month high. Additionally, pending home orders in the US fell by more than anticipated to a record 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.