BOV share price at new 2-month low
After being supported at the €2.50 level during recent weeks, lack of further demand at this level and fresh sale orders forced the share price of Bank of Valletta plc to close 1.9% lower at €2.452 – the lowest closing level since 9 August.
Over 11,600 shares across ten trades were transacted during this morning's session. BOV is shortly expected to announce the date of publication of the financial statements for the year ended 30 September 2011.
Meanwhile HSBC Bank Malta plc held on to the €2.65 level on volumes of 5,500 shares.
GO plc initially traded 4.5% lower at its all-time low of €1.05 this morning but the equity then registered a further trade at €1.12 helping the share price to close the day 1.8% above last Friday's level. GO is shortly expected to announce its intentions on its participation or otherwise in the €30 million rights issue by the Greek company Forthnet.
For the second successive session there were relatively high volumes of shares traded in Malta International Airport plc. Almost 14,000 shares changed hands today with share price edging minimally higher to regain the €1.57 level. RS2 Software plc gained 1.7% to clinch its 2011 high of €0.60 on a single trade of 1,000 shares.
On the bond market, the Rizzo Farrugia MGS Index again eased minimally lower to 988.271 points as Eurozone yields continued to recover surpassing the 2% level. The upturn in yields follows assurances over the weekend by German Chancellor Angela Merkel and French President Nicolas Sarkozy that both countries will help strengthen the capital of European Banks.