After trading up to an almost 4-year high last Friday, the equity of Bank of Valletta plc slipped 1.2% back to the €2.50 level during this morning’s stock exchange session across nine deals totalling 12,528 shares.

The decline in the share price of BOV was the main reason for the 0.3% drop in the MSE Share Index to 3,438.535 points. BOV will be publishing its September 2013 full-year results next Thursday.

The only other equity in negative territory was Island Hotels Group Holdings plc with a 6.1% drop back to the €0.93 level on a small trade of 500 shares. The equity of Island Hotels had been inactive since 17 September.

On the other hand, Malta International Airport plc edged 1.5% higher to regain the €2.03 level across five deals totalling 12,280 shares. Last Friday, MIA’s CEO Markus Klaushofer noted that 3.5 million passenger movements were registered so far this year, equivalent to the same amount registered during the whole of 2012.

Mr Klaushofer further added that the first three weeks of October had shown almost identical passenger movements to the busy period in August. Furthermore, he indicated that forward bookings for the shoulder months are also strong.

In the IT sector, Crimsonwing plc and RS2 Software plc maintained their positive trend. Crimsonwing edged minimally higher to €0.845 on low volumes of 3,000 shares. Similarly, RS2 Software gained 0.5% to yet another all-time high of €2.16 across 29,666 shares.

Simonds Farsons Cisk plc also performed positively with a 0.4% increase to €2.81 on a deal of 5,000 shares. Similarly, Malita Investments plc recovered from an intra-day low of €0.519 to regain its all-time high of €0.53 representing a 1.9% increase over the previous close. A total of 15,000 Malita shares changed hands across four trades.

Meanwhile, HSBC Bank Malta plc held on to the €2.63 level on low volumes of 7,500 shares. GO plc’s equity also ended this morning’s session unchanged at the €1.48 level across 21,000 shares. The only other active equity today was MIDI plc with a single trade of 40,000 shares at the €0.255 level, unchanged from the previous close.

On the bond market, the Rizzo Farrugia MGS Index eased minimally lower to 1,020.780 points as Eurozone yields marginally rebounded to 1.76% this morning.

Today marks the opening of subscriptions for the new two Malta Government Stocks. The 3% MGS 2019 is being issued at 103.75% giving a yield to maturity of 2.31% per annum with the 4.65% MGS 2032 priced at 100.25% giving a yield to maturity of 4.63% per annum. Subscriptions from retail investors will be accepted until Wednesday 30 October at 17.00 hours.

www.rizzofarrugia.com

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