Movements in equity and bond indices
The MSE Equity Total Return Index declined by 0.1%, to close at 9,472.589 points. A total of 25 issues were active, as three headed north while another 10 closed in the opposite direction. The total weekly turnover amounted to €0.7m. This was generated across 188 transactions.
The MSE Corporate Bonds Total Return Index registered a 0.1% loss, as it closed at 1,160.145 points. A total of 74 issues were active, 28 of which traded higher while another 15 lost ground. The 3.75% Tumas Investments plc Unsecured € 2027 was the best performer, as it closed 3.1% higher at €100. On the other hand, the 4.5% Shoreline Mall plc Secured € 2032 ended the week 2.3% lower at €86.
The MSE MGS Total Return Index remained flat, at 957.513 points when compared to last week at 957.480 points. Out of 21 active issues, eight advanced while another 12 declined. The 4.00% MGS 2038 headed the list of gainers, as it closed at €102, equivalent to a positive 2% change. Conversely, the 4.00% MGS 2043 closed 2.6% lower at €97.40.
Top 10 market movements
Bank of Valletta plc (BOV) remained relatively stable, closing 0.5% lower. BOV’s share price fluctuated between a low of €2.06 before closing at €2.09. However, it stood out in terms of activity, being the most liquid equity of the week, with 98,469 shares exchanging hands across 33 deals, generating€204,460 in turnover.
Meanwhile, HSBC Bank Malta plc eased 1.4% to a weekly low of €1.42. A total of 5,122 shares exchanged ownership, spread across five trades worth a total trading value of just €7,273.
Lombard Bank Malta plc slipped 3.2% before closing at €0.75 as only two deals were recorded. Trading activity included 29,379 shares tallying to a value of €21,989.
Similarly, APS Bank plc recorded a marginal decline of 1% to close at a price level of €0.515. Trading was minimal, with 9,861 shares dealt across five transactions, for a total trading value of €5,047.
VBL plc delivered the strongest performance of the week, surging 21.7%. The equity traded between a low of €0.189 and closed at a weekly high of €0.230. Activity included 145,338 shares across 13 deals, generating €27,708 in turnover.
Mapfre Middlesea plc advanced 11.3% to close at the €1.58 price level. Despite the strong price movement, trading volumes remained relatively light, with 2,354 shares exchanged over five deals, worth €3,488.
In the technology sector, BMIT Technologies plc rebounded upwards by 3.9%, closing at €0.27. Trading activity included 37,381 shares traded across six deals, generating €9,778 in value.
On the other hand, Harvest Technology plc headed south as the equity closed at €0.96, translating to a 14.3% decrease. Trading was relatively limited, as only three deals were executed, spread across 26,990 shares. This resulted in €25,750 in turnover.
Hili Properties plc closed the week unchanged at €0.27. Following the 97% voting resolution for the equity to be delisted, trading activity was particularly strong. A total of 556,102 shares were exchanged across 40 deals, generating a notable €150,152 in value.
In the communications sector, GO plc drifted marginally lower by 0.8%, closing at €2.54. The share price fluctuated between a low of €2.50 and a high of €2.56. A total of 21,051 shares were traded across 13 separate transactions, generating an aggregate turnover of €53,139.
Company announcements
RS2 plc reported a 7.5% increase in group revenue for the year ended December 31, 2025, reaching €40.3m up from €37.5m, driven largely by strong performance in the Managed Services division. The group registered a loss after tax of €0.84m, a significant reversal from the €0.91m profit reported in 2024. This was primarily attributed to a substantial increase in income tax expense, and a net exchange loss on operating activities. The board is not recommending the payment of a dividend for FY2025, as was the case in FY2024.
Mainstreet Complex plc reported a 12% decrease in group revenue for the year ended December 31, 2025, reaching €0.6m compared to €0.7m in 2024. Operating and administrative expenses also increased throughout the year. The company reported a profit after tax of €0.1m compared to €0.25m to the previous year. As previously announced, Main Street Complex has entered into a lease agreement with Little Greens which will occupy approximately 16% of the total net leasable area. Main Street Complex’s financial position with a working capital surplus of €0.5m and total equity and reserves amounting to €9.5m leaving the company in a stable position to face the operational disruption expected through 2026. The directors do not recommend a dividend at the forthcoming AGM.
Grand Harbour Marina plc has scheduled a board of directors meeting for Monday, April 27. The primary agenda for the meeting includes the consideration of a dividend declaration.
The Convenience Shop (Holding) plc has announced the rescheduling of its board of directors’ meeting set for April 30. Separately, the group announced the opening of MySupermarket Floriana, marking the latest addition to its network of over 100 stores.
FIMBank plc has convened its AGM for May 13. The agenda includes the approval of the 2025 audited accounts, the reappointment of PwC as auditors, and the setting of maximum aggregate director emoluments at $0.45m for 2026.
Simonds Farsons Cisk plc will be holding its AGM on June 24 and Trident Estates plc has announced that its AGM will be held on June 25.
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].
