Financial news
MSE daily report
Trading activity for yesterday's session at the Malta Stock Exchange resulted in a negative outcome as the index declined by a further 0.8 per cent to remain well below the 3,000 level at the 2,944 mark. Activity in the equity market was relatively subdued as investors transacted a total of 11 deals struck over six different listings.
International Hotel Investments continued to decline on selling pressure during the session following Wednesday's negative close as it shed a further 3c5 or four per cent to terminate at €0.85. Trading activity in the hotel property and management group was subdued as investors swapped an aggregate 1,370 shares over a single deal.
Low volume characterised the trading session for HSBC Bank Malta as two investors struck just a mere 120 shares. The session nevertheless supported the share price of the financial services company as it increased by 1c or 0.4 per cent to terminate at €2.52.
In the banking sector, Bank of Valletta and Lombard Bank Malta ended in the red during the session as they declined by 1c or 0.4 per cent and 3c or 1.2 per cent to close at €2.64 and €2.55 respectively. Activity in the former was spread over three deals for a market value of €9,962 while in the latter activity was spread over two deals for a market consideration of €12,750.
Go was the session's best performer as the equity gained 1c which equates to an increase of 0.6 per cent to end the session at €1.81. Investors in the quadruple play communications' company transacted an aggregate 3,000 shares over three deals.
Malta International Airport was the session's sole non-mover as the price remained unchanged from the previous trading session at €2.09. Two investors swapped a total of 1,370 shares for a monetary value of €2,863.
In the fixed interest sector of the market, activity declined and was spread over five government stocks and four corporate bonds. The best performer amongst the corporate securities was the euro trance of the 7% GAP Developments 2011-13 which gained 190 ticks over a single deal to end the session at €94.
This article has been prepared by Bank of Valletta p.l.c. (the Bank), which is licensed to conduct investment services business by the MFSA, for your general information only. This information is not a solicitation or offer by the Bank to acquire or sell securities. Nor does it constitute any form of advice by the Bank. Appropriate advice should be obtained before making any such decision. Past performance is not necessarily a guide to future performance and the value of your investments may fall or rise.