The share price of HSBC Bank Malta plc slipped back into negative territory with a one per cent decline to yet another 52-month low of €2.45 across nine deals totalling 50,472 shares.

Similarly, the equity of International Hotel Investments plc lost 3.5 per cent to 82c on an insignificant deal of 620 shares.

These declines were the main reason for the 0.8 per cent drop in the value of the MSE Share Index to a fresh four-month low of 3,340.102 points.

Other equities also closed in negative territory with MaltaPost plc easing off its all-time high of €1.10,5. Today, 11,000 shares traded with the price easing by 0.5 per cent to €1.10.

Tigné Mall plc also shed one per cent to close at the 51c level on low volumes of 4,000 shares.

On the other hand, Bank of Valletta plc inched 0.2 per cent higher to regain the €2.35 level across four trades totalling just 4,323 shares.

Gains were also registered in the IT sector, with RS2 Software plc recovering from an intra-day low of €1.78 to end this morning’s session minimally higher at €1.85 across 12 trades totalling 58,133 shares.

Crimsonwing plc also edged 0.7 per cent higher to regain the 74c level on just over 6,000 shares.

On the bond market, the Rizzo Farrugia MGS Index edged 0.2 per cent higher to 1,021.745 points with Eurozone yields slumping back to the 1.9 per cent level following the unexpected decision by the US Federal Reserve to maintain its asset purchase programme at US$85 billion a month.

www.rizzofarrugia.com

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