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MSE Share Index maintains 7-week high

During the penultimate trading session of 2012, the MSE Share Index maintained its seven-week high of 3,211.984 points as no price movements were registered in the 10 active equities.

The highest volumes were registered in the equities of Malta International Airport plc and HSBC Bank Malta plc.

The airport operator’s share price maintained its 2012 high of €1.80 level on activity of just over 28,000 shares.

Recently, Ryanair revealed three new routes as from April 2013 to Gothenburg, Liverpool and Bergamo (raising its total number of routes to and from Malta to 30) whilst AirBaltic (a new customer for MIA) will start operating a new route to Riga in the summer of 2013.

Meanwhile, HSBC held on to €2.70 as a further 18,657 shares changed hands. Last week HSBC announced that its 2012 full-year financial statements will be published on March 4.

Bank of Valletta plc held on to last week’s gains but volumes declined to 7,800 shares which changed hands at €2.419. The cut-off date for the one for nine bonus issue is January 14.

Lower activity took place in other equities. Most notably, GO plc held on to its recent gains as 5,078 shares traded at €1.18 with Simonds Farsons Cisk plc maintaining its all-time high of €2.50 on minimal volumes.

During the Christmas break, Grand Harbour Marina plc issued a company announcement confirming that it concluded the sale of the €3.1 million super-yacht berth first referred to in the Interim Directors’ Statement published on 19 November 2012. No trades took place in GHM shares today.

On the bond market, the Rizzo Farrugia MGS Index eased marginally lower to 1,003.964 points after touching a 25-month high of 1,004.099 points last Friday.

The most notable development was the surge in the price of the 4.8 per cent MGS 2028 towards its all-time high of 103.49 per cent. Although the indicative bid price of the Central Bank was of 102.58 per cent today, the price on the secondary market surged to 103.4 per cent.

Tomorrow is the last trading day for 2012 and the Malta Stock Exchange will then re-open for business on January 3.

www.rizzofarrugia.com

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