BOV Share Price Hits the €2.00 Level
-
Loading... - Kendall Broderick
- 19 Mar 2025
- 27 Views
- 0 Like
- 0 Comment
The MSE Equity Price Index experienced a positive shift, climbing by 0.65% to reach 3,914.796 points, driven by gains in five equities that offset a decline in APS Bank plc.
Bank of Valletta plc (BOV) emerged as the most actively traded equity of the day, with its share price increasing by 2.0% to a multi-year high of €2.00. This movement occurred across 17 transactions, totaling 57,987 shares. The Board of Directors of BOV is set to meet on Wednesday, March 26, 2025, to review the financial statements for the year ending December 31, 2024, and to consider the declaration of a final dividend.
Malta International Airport plc (MIA) also saw a rise, advancing by 1.7% to €6.10 through four trades amounting to 2,090 shares. MIA recently announced that passenger movements in February 2025 reached a record high of 560,553, marking an 18.2% increase compared to the previous record set in February 2024.
Simonds Farsons Cisk plc experienced a slight increase of 0.8%, reaching €6.25 following a single trade of 1,000 shares.
VBL plc surged by 3% to €0.17 on one deal of 31,000 shares. The company announced a long-term lease agreement with Ruby Hotels Ltd for the Silver Horse Building, which is expected to generate substantial lease revenue starting from the financial year 2026. This revenue is projected to significantly enhance operational EBITDA levels, potentially increasing them by 3 to 4 times.
In the property sector, AX Real Estate plc rebounded by 2.0% to €0.41 on a single transaction of 2,100 shares.
Conversely, APS Bank plc saw a decline of 2.4%, closing at €0.605 amid muted trading activity. The Board of Directors of APS is scheduled to meet tomorrow to review the financial statements for the year ending December 31, 2024, and to consider the declaration of a dividend, pending regulatory approval.
The RF MGS Index fell by 0.14% to 899.604 points, marking the lowest level since July 2024. This decline comes amid news that the European Union will impose tariffs on €26 billion worth of US goods starting in April, in response to tariffs previously imposed by the US. Additionally, recent data indicated that the US inflation rate eased to 2.8% in February, lower than the expected 2.9% and down from January’s figure of 3.0%.
The recent performance of BOV and other equities reflects a dynamic market environment, with significant movements driven by both company-specific news and broader economic factors. As the market continues to evolve, investors will be closely monitoring upcoming financial disclosures and economic indicators that could influence future trading activity.
