MSE Trading Report for week ending August 8, 2025

Movements in Equity & Bond Indices

The MSE Equity Total Return Index gained further ground, as it reached 8,996.996 points – a 1.8% increase. A total of 19 equities were active, eight of which registered gains while another eight lost ground. Total activity tallied to almost €1.1m, as a result of 164 transactions.

The MSE MGS Total Return Index increased by 0.1% to 964.89 points. A total of 24 issues were active, as 13 gained and five declined. The 3.5% MGS 2034 was the best performer, as it closed 0.9% higher at €101.80. On the other hand, the 1.8% MGS 2051 lost 2.6%, ending the week at €62.35.

The MSE Corporate Bonds Total Return Index gained 0.1% to close at 1,170.391 points. Out of 70 active issues, 22 advanced while 25 closed in the red. The 5.25% Bonnici Bros Properties plc Unsecured € 2033 S1 T1 was the best performer, as it closed 3.8% higher at €101.75. Conversely, the 6% Pharmacare Finance plc Unsecured € 2033 headed the list of fallers, as it closed 3.3% lower at €101.50.

Top Market Movements

Bank of Valletta plc (BOV) was the most liquid equity, as the bank’s shares traded 67 times on a volume of 414,363 shares. Total trading turnover tallied to €799,644, with BOV’s price per share closing at €1.97, a gain of 3.7%. The bank’s share price fluctuated between a low of €1.90 and a high of €1.97. On a year-to-date basis, BOV shares gained 26%.

Similarly, HSBC Bank Malta plc (HSBC) shares rallied by 4.9% to the €1.50 level. Trading activity included the exchange of 16,332 shares across 15 trades. Total trading value was €23,680. HSBC shares are up 4.9% since the beginning of the year.

On the contrary, Lombard Bank Malta plc traded four times on Wednesday, as the exchange of 22,200 shares worth €15,715 ensured that the bank’s equity closed 5.4% lower at €0.70. The equity did not trade for the rest of the week.

International Hotel Investments plc (IHI) jumped 7% to close at €0.46. Trading took place during Monday and Tuesday’s trading session. Four trades with a trading value of €5,845 were recorded.

Simonds Farsons Cisk plc shed 4% to end the week at €6. A total of five trades were executed, with 897 shares exchanging ownership. Total weekly turnover reached €5,452.

Telecommunications company GO plc trended 5.8% higher to close at €2.90. Trading activity involved 12 trades worth €78,424, on a volume of 28,400 shares. On a year-to-date basis, GO plc shares rose by 9.9%.

The price per share of Santumas Shareholdings plc gained 2.5%, as four trades involving the exchange of 16,347 shares were recorded during Friday’s trading session.

Malta Properties Company plc (MPC) plummeted 8.2% to close at €0.312. Trading activity was minimal, as only three trades worth a mere €250 were recorded.

Similarly, Computime Holdings plc lost 8% to close at the €0.46 level. This steep decline was the result of one small trade, with a trading value of €920.

BMIT Technologies plc traded lower and closed at €0.29. A total of four trades were recorded, with 34,300 shares exchanging ownership.

Company Announcements

BOV announced that on August 4, UniCredit S.p.A reduced its holding in the Company from 5.21% to 3.63%. On the same date, Amalgamated Growth and Income Fund – Amalgamated Investments Sicav plc increased its holding from 4% to 5.56%.

In the first half of 2025, Malta International Airport plc generated €71.9m in revenue, up 11.6% year-on-year, driven by an 11.7% increase in passenger traffic to 4.5m and strong non-aviation performance. Net profit rose 10.7% to €24.5m, and the Board approved an interim net dividend of €0.06 per share, payable by September 12. The Company revised its 2025 guidance upwards, now expecting 9.7m passengers, €151m in revenue, €49m net profit, and €70m in capex.

In addition, the Company announced that in July it handled 1,035,341 passengers, with a monthly peak of 38,415 movements on the last day. Aircraft movements rose 5.3% year-on-year to 6,375, while the seat load factor remained steady at 89.6%. Italy was the top market at 21.6% of total traffic, followed by the UK at 21.1%, Germany, France and Poland.

Last Thursday, GO plc announced that during the first half of the year, revenue increased by €10.5m when compared to the same period last year, to €124m. Cost of sales for the Group increased to €77.7m while operating profit jumped to €21m, up from €16.8m in 2024. Profit after tax increased from €9.4m to €11.5m. The board resolved to distribute an interim net dividend of €0.07 per share which will be paid to shareholders on September 2, 2025.

MPC announced that rental income during the first six months of the year amounted to €2.3m down from €2.8m during the same period last year. Revenue declined because of several property leases which expired towards the end of 2024 and occupancy was impacted by the time necessary for renovations. Profit after tax amounted to €0.5m.

BMIT Technologies plc reported an increase in revenue to €18.3m, while operating profit declined to €4.3m. The Company explained that the increase in the use of cloud services continues to be the driver to the growth in the Group’s total revenue. However, this has an impact on the Group’s profitability since cloud services generally yield lower profit margins than the traditional data centre offerings. Profit after tax amounted to €1.9m, down from €2.2m during the same period last year.

This article, which was 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 under the Investment Services Act by the MFSA and is a Member of the Malta Equity Exchange. 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, or on Tel: 21224410, or email info@jesmondmizzi.com