The share price of Bank of Valletta plc advanced for the third consecutive session on sustained demand for the banking equity.
BOV’s share price gained a further 1.9 per cent during this morning’s session to regain the €2.44 level (equivalent to €2.68,4 pre-bonus) across 19 trades totalling 36,845 shares. The bonus shares are expected to be listed this afternoon with trading commencing next week.
GO plc’s shares also closed in positive territory as the equity recovered from an intra-day low of €1.80 to close this morning’s session 1.1 per cent higher at the €1.84 level on volumes of 22,673 shares.
Yesterday, Forthnet announced that Forgendo and its 50 per cent owned subsidiary, Giradena Limited, collectively hold 49,501,193 shares of Forthnet representing 44.96 per cent of the issued share capital of the Greek telecoms operator.
In a separate announcement, Forthnet also revealed that Vodafone Panafon S.A. holds 6.51 per cent of its issued share capital of Forthnet following the recent rights issue.
On the other hand, HSBC Bank Malta plc slipped 0.4 per cent lower to €2.55 on volumes of 15,171 shares. Similarly, FIMBank plc retreated by two per cent back to the US96c level on a single trade of 1,220 shares.
Next Monday is the closing date for the voluntary bid by Burgan Bank and United Gulf Bank.
Meanwhile, Crimsonwing plc held on to the 80c level across three deals totalling 50,000 shares. Likewise, no change was registered in the share price of Middlesea Insurance plc as a further 750 shares changed hands at the 92c level.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to a fresh five-month high of 1,025.991 points as Eurozone yields stumbled to a six-week low of 1.77 per cent on expectations of further stimulus measures from the European Central Bank to counter the decline in the region’s inflation rate.
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