GO share price falls to 10-year low

The MSE Equity Price Index rebounded by 0.81% to 3,780.413 points as the gains in APS, BMIT, IHI, MIDI, MIA, MaltaPost and Farsons outweighed the declines in AX Real Estate, BOV and GO. Meanwhile, eight other equities remained unchanged as today’s trading activity amounted to €0.24 million. Download today’s Equity Market Summary

GO plc fell by 2.3% to a 10-year low of €2.50 over six deals totalling 4,600 shares.

AX Real Estate plc shed 2.5% to the €0.39 level over three deals totalling 11,800 shares. The volume-weighted average price of the day stood at €0.353 (-11.7%).

Bank of Valletta plc eased by 0.5% to the €1.99 over thirteen trades amounting to 25,644 shares.

On the other hand, APS Bank plc rebounded by 12.5% to the €0.54 level on two deals totalling 4,322 shares.

BMIT Technologies plc moved 0.6% higher to the €0.31 level on two trades amounting to 15,000 shares. Today, BMIT announced that it concluded the transaction for a 51% shareholding and the company may increase its shareholding over a period of five years depending on the performance of 56Bit.

International Hotel Investments plc moved 0.9% higher to the €0.44 level over four deals amounting to 1,950 shares.

MaltaPost plc surged by 5.0% to the €0.42 level on a single trade totalling 2,000 shares. On Wednesday, MaltaPost published the unaudited interim financial statements for the six-month period ended 31 March 2025. Revenue increased by 2.4% to €21.5 million reflecting steady performance across key business areas. Operating expenses decreased by 0.8% to €18.4 million. Consequently, operating profit nearly surged by 32.2% to €3.11 million from €2.35 million in the same period last year. Overall, the net profit attributable to shareholders amounted to €1.82 million which translates into an annualised return on average shareholders’ funds of 11.7% (H1 2023/24: 11.1%).

Simonds Farsons Cisk plc increased by 3.4% to the €6.10 level on muted activity. Earlier this week, Farsons published the financial results for the year ended 31 January 2025. The Group reported higher income across both the beverage and food businesses which resulted in a 6.5% increase in total revenue to €141.5 million. Operating profit of both segments combined increased by 7.9% to €18.8 million and net profit reached a record of €18.6 million, which is 21.9% higher than the previous financial year. The Directors of Farsons resolved to recommend a final net dividend out of tax-exempt profits of €0.14 (2024: €0.11) per share. The dividend will be paid on Friday 27 June 2025 to shareholders as at the close of trading today, subject to approval at the upcoming AGM to be held on Thursday 26 June 2025. When including the net interim dividend of €0.06 per share paid in October 2024, the total net dividend attributable to FY2024/25 amounts to €0.20 per share, which is 25% higher than the total net dividend attributable to the previous financial year.

Also among large companies by market value, Malta International Airport plc advanced by 0.8% to the €6.00 level across three deals totalling 2,755 shares.

MIDI plc surged by 23% to the €0.246 level on trivial volumes.

Meanwhile, Hili Properties plc traded flat at the €0.24 level as 552,524 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.40 over three trades amounting to 2,625 shares.

Lombard Bank Malta plc closed unchanged at the €0.75 over three trades totalling 6,145 shares.

Mapfre Middlesea plc held the €1.42 level on minimal volumes. Yesterday, Mapfre Middlesea plc announced that its Board of Directors is scheduled to meet on Monday 28 July 2025 to consider the approval of the interim financial statements covering the six-month period ending 30 June 2025.

Malita Investments plc closed unchanged at the €0.49 level over three trades totalling 4,313 shares.

The ordinary shares of RS2 plc held the €0.40 level on one deal of 10,000 shares.

Malta Properties Company plc traded flat at the €0.31 level over three trades totalling 12,300 shares.

FIMBank plc held the USD0.12 level over trivial volumes.

The RF MGS Index rose by 0.39% to a one month high of 919.220 points, and marking a 0.65% gain for the week, reflecting indications of a general slowdown in both inflation and economic growth. Data released today showed that inflation in Germany during May fell to 2.1% from 2.2% in the previous month, which is the lowest level since October 2024 driven by lower service and energy prices. Similarly, there was also a drop in inflation figures for both Spain and Italy. Elsewhere in the US, consumer spending during April rose by 0.2% month-over-month slowing from 0.7% in March as anticipated.

 

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.