Muted activity across local equities

The MSE Equity Price Index remained practically unchanged at 3,915.439 points as the gain in BOV was largely offset by the decline in HSBC. Meanwhile, three equities closed unchanged as today’s trading activity in local equities was lacklustre at just €0.10 million. Download today’s Equity Market Summary.

Bank of Valletta plc gained 0.5% to the €1.94 level across nine trades amounting to 12,891 shares.

On the other hand, HSBC Bank Malta plc shed 0.6% to the €1.57 level over three deals totalling 2,676 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.

Meanwhile, APS Bank plc closed unchanged at the €0.63 level across four deals amounting to 19,660 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.

Malta International Airport plc closed unchanged at the €6.15 level across nine trades totalling 10,056 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.

GO plc held the €2.70 level on muted activity.

The RF MGS Index gained 0.19% to 916.405 points as yields in the euro area continued to decline. Today, several European countries released inflation estimates for February. The inflation for France was revised lower to a four-year low 0.9% from 1.2% driven by a significant drop in energy prices as well as a slowdown in service inflation. Moreover, inflation in Italy was also revised lower to 1.7% hereby remaining flat from January, whilst core inflation remained unchanged 1.8%. On the other hand, German inflation was revised higher to 2.8% from 2.7%, however core inflation eased to an almost four-year low 2.6%. Elsewhere in the US, the personal consumption expenditures (PCE) index slowed for the first time in four months in January to 2.5% as projected. Additionally, core PCE prices fell to 2.6% from 2.9% in the previous month, reaching the lowest level in seven months.

 

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.