Daily Review 31.01.2025
BOV share price reaches 2-month high
The MSE Equity Price Index rose by 0.8% to 3,759.187 points driven by the gains in BOV, MIA, Lombard, Mapfre Middlesea, and MPC. Meanwhile, three other equities closed unchanged as today’s trading activity in local equities amounted to €0.43 million. Download today’s Equity Market Summary.
Bank of Valletta plc gained 0.6% to a two-month high of €1.75 across twenty trades amounting 97,146 shares.
BOV’s insurance associate Mapfre Middlesea plc advanced by 2.9% to the €1.40 level over three deals totalling 2,800 shares. Today, Mapfre Middlesea plc announced that its Board of Directors is scheduled to meet on Tuesday 25 March 2025 to consider the approval of the audited financial statements for the financial year ended 31 December 2024. The Directors will also consider the recommendation of a dividend.
Also in the financial services sector, Lombard Bank Malta plc rebounded by 10.5% to the €0.79 level across four deals amounting to 20,000 shares.
Malta International Airport plc climbed 2.5% higher to the €6.25 level across fifteen deals amounting to 33,037 shares, having a market value of €0.20 million.
Malta Properties Companies plc surged by 5.4% to a nine-month high of €0.388 as 30,100 shares changed hands.
Meanwhile, Computime Holdings plc held the €0.44 level on a single deal of 14,500 shares.
Plaza Centres plc traded flat at the €0.58 level on two deals totalling 35,615 shares.
A single trade of 375 shares left the share price of Simonds Farsons Cisk plc unchanged at the €6.55 level.
The RF MGS Index rose by 0.21% to 911.183 points as sovereign bond yields in the euro area dropped as low inflation figures were published. In particular, today Germany announced its core inflation, which excludes volatile food and energy prices, fell to 2.9% from 3.3% in December while headline inflation remained flat at 2.8% as anticipated. In France, inflation also remained flat at 1.8% compared to the expected increase to 1.9% as the acceleration in energy costs was offset by a slowdown in services and tobacco prices. In contrast, personal consumption prices in the US increased by 0.3% month-over-month in December, which was the largest gain in the last eight months. Nonetheless the increase was in line with projections.
Today, the Treasury Department informed financial market participants about the upcoming issue of two new Malta Government Stocks for an aggregate nominal amount of €300 million subject to an over-allotment option of up to a further €150 million.
The two new fixed-rate stocks are:
- The 3.00% MGS 2030 (IV)
- The 3.50% MGS 2035 (III)
The prices of these two new MGSs will be announced on Thursday 13 February 2025.
Subscriptions for the General Public will open on Monday 17 February 2025 and close at 14:30 hrs on Wednesday 19 February 2025. On the other hand, auction bids for wholesale investors will open on Friday 21 February 2025 and close on the same day at 12:00 hrs (noon) or earlier at the discretion of the Accountant General.
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.