It was only the second time this month that volumes surpassed €0.2 million level, reflecting the customary quieter summer season.

The increased trading activity evident today was mainly due to the higher volumes in Bank of Valletta plc and Malta International Airport plc.

BOV failed to hold on to an intra-day high of €2.29 to end the session unchanged at the €2.28 level across 19 trades totalling 53,450 shares.

Similarly, MIA closed unchanged at the €2.04 level after touching the €2.05 level on volumes of 54,000 shares. The airport operator is scheduled to publish its half-year results on August 7.

Most of the other active equities closed unchanged albeit on lower volumes. 2,200 HSBC Bank Malta plc shares changed hands at the €2.70 level and 3,600 GO plc shares were exchanged at the €1.54 level.

In the property sector, Plaza Centres plc held on to the 56c5 level on a deal of 10,000 shares. Likewise, single deals were executed in MIDI plc at the 24c level (2,000 shares) and Malita Investments plc at the 51c level (10,000 shares).

Similarly, RS2 Software plc also traded unchanged at the €1.31 level on volumes of just over 7,000 shares.

Meanwhile, Simonds Farsons Cisk plc inched 0.4 per cent higher to regain the €2.76 level on just 1,112 shares. On the other hand, the share price of Grand Harbour Marina plc slipped 2.6 per cent lower to the €1.90 level on an insignificant deal of 500 shares.

On the bond market, the Rizzo Farrugia MGS Index registered a minimal movement once again at 1,028.555 points as the benchmark 10-year Eurozone yield remained flat at just above the 1.51 per cent level.

However, by this afternoon the 10-year Bund yield regained the 1.565 per cent level after Spain sold €3.5 billion in short-term bonds reflecting a shift in favour of riskier sovereign bonds.

This movement is expected to be reflected in the bid prices of the Central Bank of Malta Stockbroker tomorrow.

www.rizzofarrugia.com

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