Movements in equity and bond indices
The MSE Equity Total Return Index (MSE) closed the week marginally lower by 0.8%, to settle at 8,780.294 points. A total of 24 equities were active, as four advanced and 17 declined. In this shortened trading week, turnover still managed to reach €1.2m over a total of 217 trades.
The MSE Corporate Bonds Total Return Index closed 0.4% lower, as it reached 1,152.789 points. Out of 56 active issues, 17 headed north, while another 18 closed in the opposite direction. The 3.75% Tumas Investments plc Unsecured € 2027 issue recorded the best performance, up by 2.9%, to close at €99.75. Conversely, the 3.65% Mizzi Organisation Finance plc Unsecured € 2028-2031 lost 2.6%, ending the week at €92.50.
The MSE MGS Total Return Index also closed lower, by 0.5%, closing at 959.483 points. Out of 23 active issues, only five headed north while another 13 closed in the opposite direction. The 2.1% MGS 2039 headed the list of gainers, as it closed 4.2% higher at €84. On the other hand, the 3.25% MGS 2034 closed 2.6% lower at €97.38.
Top 10 market movements
In the banking sector, Bank of Valletta plc declined by 0.5% to close at €1.90. This equity was the most liquid, with 69 transactions involving 374,126 shares and a total trading value of €709,811. The share price ranged between a weekly high of €1.92 and a low of €1.88.
On the other hand, HSBC Bank Malta plc was the sole banking equity to close in positive territory, advancing by 0.7% to end the week at €1.41. Trading activity comprised 11 deals, generating a total weekly turnover of €76,915.
Its peer, Lombard Bank Malta plc, ended the week at €0.64, translating into a decline of 4.5%. This was the outcome of four deals involving 1,871 shares. The equity generated a total turnover of just €1,213.
Similarly, FIMBank plc saw a 5.6% decrease, closing at $0.17. The equity’s trading activity consisted of just two deals involving 249,578 shares, generating a turnover of $36,893.
International Hotel Investments plc headed south, as it closed the week at €0.43, declining by 2.3%. The weekly high and low were €0.44 and €0.43, respectively. This was the outcome of four transactions worth just €2,730.
In the communications sector, GO plc’s shares experienced a loss in value of 0.8%. A total of 14,103 shares exchanged hands, generating €36,017 in turnover throughout the week.
BMIT Technologies plc saw its share price drop by 4.8%, finishing the week at €0.28 after four deals worth €14,755 were recorded.
Loqus Holdings plc was the biggest winner of the week. The equity soared 28% to close at a price level of €0.23, despite just the two trades in which 793 shares exchanged hands. This was the first time that the equity closed above €0.20 in over a year.
PG plc retracted by 1.7%, closing at €1.69. Trading activity included four deals with a volume of 3,700 shares, recording a trading value of €6,280.
Malita Investments plc registered the most pronounced decline of the week, as its share price retreated by 15.4% to close at €0.352. The equity was active throughout the week, with a total of 10 trades executed. These transactions saw 120,416 shares exchange hands, translating into a weekly turnover of €43,993.
Company announcements
Plaza Centres plc announced that it is standing in the market to repurchase up to €1m of its 3.9% unsecured bonds 2026 at a maximum price of €0.984 per bond. The offer will remain open until March 11.
Harvest Technology plc declared an interim gross dividend of €1.05m, equivalent to a net dividend of €683k or €0.03 per share. Shareholders on the register as at December 15, 2025 will be entitled to the dividend, which is expected to be paid on or around December 19.
Mediterranean Maritime Hub Finance plc announced that a binding agreement has been signed for investors to acquire a 49% stake in the Guarantor, with existing shareholders retaining 51%. The investment will prioritise repayment of the bond at its October 2026 maturity, including accrued interest, with completion expected by end April 2026 subject to approvals. The company also confirmed that its 2024 annual and 2025 interim financial statements are expected to be published on December 18.
Hili Finance Company plc announced that the MFSA has approved the admissibility to listing of €60m 5% unsecured bonds redeemable in 2033, guaranteed by Hili Ventures Limited. The bonds will be launched on January 7, with the offer period running until January 28, or earlier in the event of oversubscription.
Full details are set out in the prospectus dated December 12, 2025.
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].
