The MSE Share Index shed a further 0.4 per cent during this morning’s session to a new 10-week low of 3,602.298 points as the equities of the two large banks remained under pressure.

The equity of HSBC Bank Malta plc shed a further 1.2 per cent to drop back to the €2.42 level (just 2c above its 2014 low) across 16 deals totalling 19,608 shares.

The equity is still trading with the entitlement to the final gross dividend of 5c2 per share and will turn ex-dividend as from March 13. Moreover, shareholders as at the close of trading on April 24 will also be entitled to a one for nine bonus share issue.

Similarly, the share price of Bank of Valletta plc touched a new 2014 low of €2.34 before partially recovering to end the session at the €2.35 level which still represents a 0.4 per cent decline from the previous close.

This month marks the end of the bank’s first half of its current financial year with the interim results generally published by the end of April.

The only other negative performing equity was Grand Harbour Marina plc with a single trade of 1,000 shares changing hands at a new 2014 low of €1.82 representing a 1.6 per cent drop from the previous closing price.

On the other hand, the share price of RS2 Software plc edged marginally higher to regain the €2.37 level on volumes of 25,500 shares.

Meanwhile, the only other active equity was Crimsonwing plc as 19,147 shares traded unchanged at the 81c level.

On the bond market, the Rizzo Farrugia MGS Index was relatively unchanged at 1,027.518 points despite the rebound in the benchmark 10-year Eurozone yields to the 1.6 per cent level after Russia’s President Vladimir Putin stated that there is no need for military action in Ukraine at this stage.

www.rizzofarrugia.com

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.