Movements in equity and bond indices
The MSE Equity Total Return Index registered a 0.3% loss, as it closed at 8,851.546 points. A total of 17 equities were active, as five headed north while another six declined. Weekly turnover stood at €0.7m, generated over 145 deals.
The MSE Corporate Bonds Total Return Index increased by 0.2%, as it ended the week at 1,157.623 points. Out of 67 active issues, 24 traded higher while another 23 closed in negative territory. The 4% MIDI plc Secured € 2026 headed the list of gainers, as it closed 8% higher at €95. On the other hand, the 4.5% BNF Bank plc Unsecured Sub 2027-2032 closed 2.6% lower at €95.01.
The MSE MGS Total Return Index headed south, falling by 0.3%, as it closed at 964.559 points. A total of 23 issues were active, two of which registered gains while another 21 closed in the red. The 4.00% MGS 2033 was the best performer, gaining 0.7%, to close at €105.35. Conversely, the 3.4% MGS 2042 was the worst performing issue, closing at €92.03, translating to a 8% decrease.
Top 10 market movements
Trading in Bank of Valletta plc remained stable at €1.91. The bank’s shares were the most liquid, as 275,810 shares were exchanged across 62 deals, amounting to a turnover of €528,362.
Its peer, APS Bank plc, experienced the largest gain of the week, jumping 25.2%. This was a result of 22 deals in which 69,262 shares were traded, generating a turnover of €33,392. The equity closed at €0.492.
Malta International Airport plc (MIA) traded 22 times throughout the week, generating a turnover of €48,334 as its share price closed at €5.80.
Telecommunications company GO plc trended 0.8% higher to close at €2.58. Trading activity involved just eight deals worth €57,089, on a volume of 22,188 shares. On a year-to-date basis, GO plc shares have fallen by 2.3%.
BMIT Technologies plc rose by 1.4% to close at a weekly high of €0.294. The increase was driven by a modest trading volume of 7,500 shares spread across just two deals, worth €2,196.
Simonds Farsons Cisk plc declined by 4.2% to close at €4.98. Trading activity included nine transactions involving 10,709 shares, generating a turnover of €53,767.
Its subsidiary, Quinco Holdings plc, was also among the losers, recording a 13% drop in its share price. The equity traded just once as 1,260 shares were exchanged.
Malta Properties Company plc jumped 9.1% as three deals were recorded with 12,000 shares exchanging ownership.
Trident Estates plc ended the week down 7.3%, closing at a weekly low of €1.01. Trading activity comprised a sole deal involving 1,050 shares, with a total trading turnover of just €1,061.
Malita Investments plc traded three times, generating a turnover of €1,485. The equity’s share price remained flat as the equity closed at €0.416.
Company announcements
Malita Investments plc announced the resignation of Albert Cilia as company secretary, appointing Desiree Cassar as his successor, and confirmed the appointment details of Cassar and executive chairman Marvin Gaerty. Malita Investments plc has completed its strategic review of the affordable housing project and confirmed that construction work at three remaining sites in Qrendi, Cospicua and Ħal Farruġ has been temporarily suspended under contractual provisions. After exploring various options with stakeholders that were not accepted, the company has determined that securing additional funding from its banks is the most appropriate solution to complete these sites. Twelve sites comprising 392 units have already been completed and handed over to tenants. The company is currently in active discussions with its banks to obtain the necessary funding to resume and complete the work at the three remaining locations.
Bank of Valletta plc announced the allocation policy for its Series 1 Tranche 1 bonds after receiving €130.87m across 3,312 applications. Scaled allocations were applied across all applicant categories in line with the Final Terms. Interest began accruing on December 5, with refunds and allotment letters to be issued by December 12. The bonds are expected to be listed on December 12 and begin trading on December 15.
APS Bank plc announced an updated shareholding position following the completion of its rights issue as at November 25. AROM Holdings Ltd’s stake has decreased from 54.67% to 42.95%, while APS Bank Clients account increased their holding from 1.61% to 5.66%. The bank’s issued share capital now stands at 485,642,086 ordinary shares, with AROM Holdings Ltd and the Diocese of Gozo Holding being the qualifying shareholders, holding 42.95% and 10.31% respectively.
Mediterranean Maritime Hub Finance plc announced that the MMH Group has ended discussions with the previously reported prospective investor group but has received a concrete offer from local investors to invest alongside existing shareholders, with priority given to repaying the bond upon maturity in October 2026, including accrued interest. Further details will be provided ahead of the upcoming financial statements, whilst confirming that MMH Malta Ltd remains fully operational.
The Convenience Shop plc announced the opening of two new MyConvenience outlets in Valletta and Victoria, with the latter marking the first Gozo location under the new brand, while existing outlets are being rebranded. These openings strengthen the group’s position as Malta’s leading food retail network, with the company now operating over 100 outlets across Malta and Gozo.
PG plc announced that its board of directors will meet on December 19 to consider and, if appropriate, approve the interim unaudited financial statements for the six-month period covering May 1 to October 31, 2025.
Loqus Holdings plc reported its first-quarter results for the financial year ending June 30, 2026, showing strong performance driven by successful new client onboarding. Revenue reached €3.6m for the quarter, marking a 50% increase compared to the same period last year. The strong performance enabled the reinstatement of deferred pay adjustments and further reductions in outstanding shareholder loans and liabilities.
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 [email protected].
