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MIA unchanged despite increase in passenger forecast

During this morning's trading session, the share price of Malta International Airport plc maintained the €1.75 level across 33,776 shares although the company announced an increase in the 2012 passenger growth forecast to circa three per cent.

The airport operator is on course to register its third annual passenger record of more than 3.6 million passengers. MIA also reported the seventh consecutive monthly record with 348,711 passenger movements (+0.6 per cent) passing through Malta's air terminal during the month of October.

The shares of HSBC Bank Malta plc and Bank of Valletta plc moved in different directions with HSBC's share price easing a further 0.4 per cent to €2.65 on low volumes of 3,834 shares.

Meanwhile BOV's equity edged 2.1 per cent higher to regain the €2.45 level across 17 trades totalling 23,159 shares. The gross final dividend of 13c per share is payable to shareholders as at close of trading next Wednesday.

Following last Monday's 13.7 per cent plunge on high volumes, International Hotel Investments plc today shed a further 2.4 per cent to 80c on volumes of 25,000 shares.

Meanwhile, GO plc's equity recovered from an intra-day low of 97c5 to end the session unchanged at the €1 level across 4,500 shares.

Likewise, Middlesea Insurance plc ended this morning's session unchanged at the 74c level on low volumes of 1,100 shares.

On the bond market, the Rizzo Farrugia MGS Index edged a further 0.1 per cent higher to reach a new 20-month high of 999.332 points as Eurozone yields slipped to yet another fresh nine-week low of 1.36 per cent.

Benchmark yields in the single currency bloc have been on the retreat following a worsening economic outlook and heightened concerns over the prevailing sovereign debt crisis.

www.rizzofarrugia.com

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