Stock market: Long-term MGS decline sharply
Prices of longer dated Malta Government Stocks dropped sharply this morning as eurozone benchmark yields recovered following a renewed bout of confidence across international markets as manufacturing data from China and the US was surprisingly...
Prices of longer dated Malta Government Stocks dropped sharply this morning as eurozone benchmark yields recovered following a renewed bout of confidence across international markets as manufacturing data from China and the US was surprisingly strong.
The 20-year Malta Government paper suffered the largest decline of 85 basis points to 103.44 per cent across total volumes of just over €1 million.
On the equity market, the MSE Share Index edged a further 0.4 per cent lower to 3,428.556 points. The Index is currently 0.9 per cent below its value at the beginning of the year.
Bank of Valletta plc slumped 2.6 per cent back to the €3.20 level across 13 trades amounting to almost 12,000 shares. On the other hand, HSBC Bank Malta plc edged 0.7 per cent higher to regain the €2.84 level on low volumes of 1,500 shares.
Malta International Airport plc maintained the €1.58 level on a single trade of 20,000 shares. The only other active equity, Lombard bank Malta plc, also closed unchanged at the €2.80 level on just 890 shares.
Today, the Malta Stock Exchange published a tentative listing calendar for the final quarter of 2010. The calendar indicates that two bond issues, two equity listings and a Malta Government Stock issue will take place between October and December. The value of all five issues is estimated to be around €205 million.
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