The MSE Equity Price Index snapped a three-day positive streak as it fell by 0.73% to 3,782.9 points. The gains in Hili Properties, Harvest and MPC were offset by the declines in APS, BOV, and PG. Meanwhile, five other equities closed unchanged as overall trading activity amounted to €0.25 million.
More than half of today’s trading value was across the shares of Hili Properties plc, which advanced by 2.6% to the €0.24 level on volumes totalling 571,360 shares.
Also in the property sector, Malta Properties Company plc surged by 4.8% to the €0.35 level across five deals totalling 89,880 shares.
Harvest Technology plc climbed 9.5% to the €0.69 level on two deals totalling 3,100 shares, albeit most shares exchanged hands at €0.645 (+2.4%).
Bank of Valletta plc fell by 1.0% to the €1.90 level over three trades amounting to 9,510 shares.
Also in the banking sector, APS Bank plc shed 3.7% to the €0.466 level across six deals totalling 12,990 shares.
PG plc plummeted by 9.5% to a multi-year low of €1.53, albeit on trivial volumes.
Malta International Airport plc stayed at the €5.85 level as 5,641 shares changed hands.
International Hotel Investments plc held the €0.45 level on one deal of 1,000 shares. Earlier this week, IHI announced that it has entered into a framework agreement with Orion European Real Estate Fund VI, a fund managed by Orion Capital Managers, to acquire and own in joint-venture the five-star Lisbon Corinthia Hotel. IHI’s subsidiary Corinthia Hotels Limited will continue to manage and operate the hotel under the Corinthia brand. IHI explained that it currently owns 100% of the hotel and will own 28% of the joint venture once the acquisition is completed. IHI also highlighted that the proposed transaction establishes a valuation for the hotel above book value. Corinthia Hotel Lisbon had an asset value of €144 million as at 31 December 2024. The transaction is subject to a series of actions necessary to complete the financing and transfer of the hotel to the joint venture. The transaction is expected to close in the first half of 2026.
GO plc traded flat at the €2.48 level over three deals totalling 5,600 shares.
GO’s IT services and digital infrastructure subsidiary BMIT Technologies plc held the €0.28 level on one deal of 19,999 shares.
Mapfre Middlesea plc remained at the €1.34 level on trivial volumes.
The RF MGS Index remained relatively unchanged at 903.3 points. Today, the German 10-year bund yield touched a month high of 2.90% but some sovereign spreads tightened with the French 10-year yield dropping to an over one-month low of 3.50%. Data published today showed that private activity in the euro area expanded at a steady pace in January, matching December’s growth but falling slightly short of market forecasts. This expansion was primarily driven by strength in the services sector and manufacturing production, despite minor employment reductions.
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.
