Movements in equity and bond indices
The MSE Equity Total Return Index shed 0.4% during 2024 to finish the year at 8,442.977 points. A total of 34 equities were active, as six gained, 26 declined and another two closed flat.
As at December 30, the total yearly turnover stood at €55.6 million, as 8,056 transactions were recorded.
The MSE Corporate Bonds Total Return Index experienced an increase during 2024, as it rose by 1.9% to close at 1,183.325 points.
A total of 111 issues were active. The 3.5% AX Real Estate plc Unsecured € 2032 was the most traded issue, with the trading value reaching almost €7.3 million.
The MSE MGS Total Return Index gained 3.5% to close at 952.279 points, as 60 issues were active. The 5.25% MGS 2030 (I) was the most traded issue, with the trading value reaching almost €19 million.
Top 10 market movements
During 2024, Bank of Valletta plc (BOV) experienced a significant 21.1% increase in its share price, as it closed the year at €1.72.
BOV’s equity traded between a low of €1.28 and a high of €1.80. Trading activity included 2,110 deals worth €16.9 million.
Similarly, HSBC Bank Malta plc shares closed in the green, as it gained 11.7%. The bank’s equity traded 722 times involving the exchange of around €2.9 million shares. Trading turnover reached €4.1 million.
On the other hand, APS Bank plc shares lost 3.5% during 2024, as it closed at the €0.56 price level. This decline was the result of 787 deals worth €2.1 million.
The airport operating company Malta International Airport plc (MIA) equity gained 0.9%, as 759 deals traded on a volume of 1.3 million shares. MIA ended the year at €5.80.
The price per share of Simonds Farsons Cisk plc shed 6.3% to close 2024 at €6.70. This decline was the result of 238 trades worth almost €1.4 million. PG plc declined by 15.5% to end the year at €1.86. Trading activity included 0.9 million shares across 229 deals.
PG plc shares traded between a yearly low of €1.80 and a high of €2.12.
GO plc saw its equity value decline by 13.7% during 2024 to close at €2.64, as 512 deals worth almost €3 million were recorded.
A total of one million shares were traded.BMIT Technologies plc (BMIT) lost 13.9% of its equity value during 2024, as the company’s equity closed at €0.348.
RS2 Software plc plummeted by 58.8% to close at €0.49. A total of 192 trades were executed, with trading value reaching slightly above €1 million.
Malita Investments plc declined by 10.2% to close the year at €0.53. Trading activity included 182 trades across 1.8 million shares.
This article, compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. The company is licensed to conduct investment services by the MFSA and is a member of the Malta Stock Exchange and the Atlas Group. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, tel: 2122 4410, or e-mail info@jesmondmizzi.com.