Movements in equity and bond indices
The MSE Equity Total Return Index closed the shortened trading week higher by 0.6%, to a total of 9,421.527 points. A total of 16 equities were active, with four rising in price and seven declining. Turnover fell to €0.6m. 103 transactions took were executed, with trading activity being dominated by Bank of Valletta plc (BOV) and Malta International Airport plc (MIA).
The MSE Corporate Bonds Total Return Index remained flat to end the week at 1,161.225 points. A total of 59 issues were active, as 16 bonds headed north, while another 17 closed in the red. The 4% MIDI plc Secured € 2026 was the top performer, trading at €100, a 2% increase. Conversely, the 3.5% Bank of Valletta plc € Notes 2030 S1 T1 was the worst performing issue of the week, closing 4.1% lower at €94.
In the sovereign debt market, the MSE MGS Total Return Index gained slightly, closing at 964.422 points, a 0.2% positive movement. A total of 20 issues were active, as seven gained traction while another eight moved downwards. The 3% MGS 2040 headed the list of gainers, as it closed 4.3% higher at €92.50. On the other hand, the 3.5% MGS 2034 lost 2.4%, ending the week at €97.55.
Top 10 market movements
Bank of Valletta plc (BOV) rebounded after a solid performance, rising 1.9% to €2.12. Trading remained robust, as the most liquid equity of the week traded 25 times across 111,747 shares for a total trading value of €233,594.
International Hotel Investments plc (IHI) headed this week’s gainers, advancing by 8.7% on the back of the sale of a majority stake in Corinthia Lisbon. The equity fluctuated between €0.436 and closed at a weekly high of €0.474, with activity tallying to 228,098 shares across seven deals, generating €102,625 in turnover.
Malta International Airport plc ended the week unchanged at €6.15. The equity traded between a low of €6.10 and a high of €6.15 with 23,615 shares traded across 12 deals, generating a total turnover of €144,620.
Hili Properties plc registered a slight increase of 0.7% to €0.272. Trading activity included 155,959 shares traded across 13 deals, worth €42,109.
On the downside, LifeStar Insurance plc recorded the sharpest decline, plunging 40% to €0.264. Trading volumes were limited, with 9,000 shares exchanged across just five deals, as the price oscillated between €0.25 and €0.266.
MIDI plc followed with a notable drop to €0.22, translating to a decrease of 18.5%. Just two transactions were recorded during the week, as 15,100 shares swapped hands at a total value of €3,322.
GO plc held steady at €2.62 for the week. Trading activity witnessed 20,014 shares change hands across 16 deals, with prices fluctuating slightly between €2.62 and €2.66, generating a total turnover of €52,809.
Meanwhile, Malita Investments plc edged lower by 2.6%, to €0.37. The equity traded between €0.346 and €0.37, with a modest 10,050 shares traded across three deals, for a value of €3,479.
Similarly, Quinco Holdings plc fell 5.3% to €0.90. Trading was minimal, as 1,836 shares changed hands over a sole deal, generating €1,652 in value.
Malta Properties Company plc retreated by 2.3% to close at €0.42, having traded in a relatively wide range between €0.36 and €0.42 over the week. A total of 3,450 shares were traded across four transactions, resulting in a turnover of €1,251.
Company announcements
Bank of Valletta plc announced that its AGM will be held on June 10, with further details to follow.
IHI has entered contractual arrangements to develop, lease, and operate a new luxury Corinthia resort, Corinthia Borgo di Perolla, in Tuscany. In partnership with BGenera Group, the project by alErta design studio will restore historic buildings into an 80-key resort, aiming for a 2030 launch as Corinthia’s third Italian property after Corinthia Rome, opened in March 2026, and Corinthia Lake Como, expected to open in 2028. Separately, IHI completed the sale of a majority stake in Corinthia Lisbon to a joint venture with Orion Capital Managers’ Orion European Real Estate Fund VI, valuing the asset and business at €150m, IHI retains a 28% stake. Net proceeds of €90m will fund repayment of other IHI Group loans, a dividend, and further opportunities.
Mapfre Middlesea plc will hold its AGM on April 30. Proposed ordinary resolutions include approving 2025 financial statements and reports, declaring a €0.091128 gross final dividend per share, appointing KPMG as auditors (with directors setting remuneration), approving €350,000 maximum directors’ emoluments, and electing directors.
MIDI plc has announced that it will hold an EGM on April 28. The meeting will allow shareholders to consider and potentially approve the partial rescission of the emphyteutical concession over Manoel Island and Fort Tigné.
Grand Harbour Marina plc announced that revenue for the financial year ended December 31, 2025, amounted to €5.2m, down from €8.2m in 2024, which included a one-off berth sale of €3.8m. Excluding this non-recurring item, underlying revenue for 2025 increased by €0.7m compared to 2024. Profit after tax at group level amounted to €2.4m.
Medserv Regis plc’s board will meet on April 20 to consider and, if appropriate, approve the consolidated financial statements for the year ended December 31, 2025, along with their publication, and to recommend a final dividend. The company’s annual general meeting is scheduled for May 27.
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].
