This morning’s trading session was characterised by low trading activity with just over €54,000 worth of shares passing through the equity market today.

A decline in overall trading is normal during the summer period. Volumes also declined in the bond markets following last week’s Malta Government Stock issues. A total of €176,395 worth of corporate bonds and Malta Government Stocks traded during this morning’s session.

The MSE Share Index lost 0.15% on negative performances in the two larger capitalised banks. The share price of Bank of Valletta plc shed 0.6% to the €3.28 level on volumes of just over 6,400 shares while HSBC Bank Malta plc edged minimally lower to close at the €2.999 level.

Meanwhile Middlesea Insurance plc maintained the €1.10 level ahead of the Group’s 2010 interim results due next Thursday. A single trade of 5,000 shares was transacted today with further offers remaining unsatisfied at the closing price. The share price of GO plc also closed unchanged at the €1.90 level on volumes of 3,800 shares. The telecoms Group this morning announced that its board of directors is scheduled to meet on 31 August to consider and approve the financial results for the first half of this year.

On the Alternative Companies List, Loqus Holdings plc traded for the first time in over a month. The share price slumped 4.8% to €0.20 on a single trade of 3,548 shares.

On the bond market, the euro tranche of the 7.15% Mediterranean Investments Holding plc bond held on to its all-time high of 103% as €80,600 (nom) traded.

www.rizzofarrugia.com

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