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MSE Share Index eases lower as volumes dwindle

The MSE Share Index eased by 0.1 per cent during this morning’s session to 3,328.763 points as volumes on the local equity market dwindled to below the €100,000 mark for the first time in eight sessions.

Bank of Valletta plc’s equity was the only positive performing equity with a 0.4 per cent increase to regain the €2.27 level across seven trades totalling 16,916 shares. The bank is scheduled to publish its interim results covering the six months ended March 31on April 25.

On the other hand, the share price of HSBC Bank Malta plc eased 0.2 per cent back to the €2.71,5 level on very low volumes of 575 shares. Similarly, International Hotel Investments plc eased 0.7 per cent lower to 77c on a single trade of 2,000 shares.

GO plc shares also in negative territory as the equity only managed to partially recover from its intra-day low of €1.50,1 to close 0.2 per cent lower at the €1.56,8 level. A total 26,100 shares changed hands across five trades.

A total of 5,000 MIDI plc shares were exchanged at the 31c level representing a 1.3 per cent drop from the previous close in anticipation of the group’s 2012 full-year results on April 29.

Meanwhile, Middlesea Insurance plc traded unchanged at the 92c level on volumes of just over 9,500 shares and MaltaPost plc held on to its 2013 high of €1.05 across 1,562 shares.

On the bond market, the Rizzo Farrugia MGS Index registered its worse daily decline in the last three months with a 0.2 per cent drop to 1,019.422 points albeit a practically unchanged 10-year benchmark Eurozone yield at the 1.27 per cent level.

www.rizzofarrugia.com

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