The local equity market closed in negative territory for the first time in five sessions as Bank of Valletta plc reversed some of its recent gains registered in the preceding two sessions. The Bank’s share price slipped 1.5% lower to close at the €3.201 level on low volumes of 2,445 shares. BOV’s equity had surged by 7.6% in the past two sessions

Meanwhile HSBC Bank Malta plc held on to the €3.03 level in anticipation of the half-year results scheduled to be published on 30 July. Higher volumes traded in HSBC amounting to over 10,700 shares.

GO plc and Malta International Airport plc closed unchanged at €1.90 and €1.58 respectively. Meanwhile Island Hotels Group Holdings plc closed minimally lower at €0.999 after recovering from €0.99 – the equity’s all time low.

On the bond market, high volumes were traded in the 7% GAP Developments plc 2013 bonds. Almost €330,000 (nominal) exchanged today at 94.75%. On the other hand, the price of the 7.5% Hotel San Antonio plc bonds dropped by 140 basis points to 100%.

www.rizzofarrugia.com

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