IHI hits two-year high of €0.55
Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.
The MSE Equity Price Index fell by 0.6% to 3,972.8 points as the declines in Quinco, Farsons, the ordinary shares of RS2, Trident, BOV, M&Z and Hili Properties outweighed the gains in IHI and Convenience. Meanwhile, five other equities closed unchanged as today’s total trading activity totalled €0.10 million. Download today’s Equity Market Summary.
Most of today’s activity was across the shares of International Hotel Investments plc which surged by 12.2% to a two-year high of €0.55 across thirteen trades amounting to 118,445 shares.
The Convenience Shop (Holding) plc gained 2.9% to the €0.90 level on low volumes.
Meanwhile, APS Bank plc traded flat at the €0.57 level across five trades totalling 4,000 shares.
BMIT Technologies plc remained unchanged at the €0.26 level across as 3,011 shares changed hands.
HSBC Bank Malta plc held the €1.43 level on one deal of 1,297 shares.
Malta International Airport plc closed unchanged at the €6.05 level across four deals amounting to 1,048 shares.
Malta Properties Company plc held the €0.364 level on one trade of 1,500 shares.
The ordinary shares of RS2 plc fell by 13.3% to the €0.26 level across three trades amounting to 61,462 shares, albeit the volume-weighted price of the day stood at €0.315 (+4.8%).
Simonds Farsons Cisk plc slumped by 13.7% to the €5.35 level albeit on muted activity.
Quinco Holdings plc declined by 16.7% to the €0.75 level over trivial volumes
Trident Estates plc declined by 8.0% to the €1.04 level on minimal trading.
Bank of Valletta plc shed 1.5% to the €2.03 level on lacklustre activity. Today, BOV held its Annual General Meeting which approved all resolutions on the agenda.
M&Z plc fell by 0.9% to the €0.58 level on a single deal of 710 shares.
Hili Properties plc declined by 0.7% to the €0.27 level on one trade amounting to 18,500 shares.
The RF MGS Index rose by 0.05% to 891.990 points. US consumer price inflation accelerated to 4.2% in May from 3.8% last month, which is the highest reading since April 2023 and the third consecutive monthly increase in line with expectations. The rise was mainly driven by energy costs, which surged by 23.5% reflecting the energy shock stemming from the conflict with Iran. Meanwhile, core inflation climbed to a nine-month high of 2.9% from 2.8% last month, but in line with forecasts. Nonetheless, on a monthly basis the core inflation increased by 0.2%, which was below the 0.4% last April and also lower than expectation of 0.3%.
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.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.