The equity of Bank of Valletta plc ended this morning’s session unchanged at the €2.22 level across high volumes amounting to 125,283 shares.
BOV’s equity has been the most highly traded equity since the start of the year with €5.8 million worth of shares changing hands during the period.
This represents 38 per cent of the value traded across local equities since the start of 2014. BOV’s interim financial statements to March 31 are expected to be pushed in the coming weeks.
Similarly, no changes were registered in the share prices of the other retail banks.
HSBC Bank Malta plc held on to the €2.40 level after recovering from an intra-day low of €2.37 across 16 deals totalling 27,171 shares and Lombard Bank Malta plc maintained the €1.70 level on a single trade of 500 shares.
Meanwhile, the share price of Malta International Airport plc advanced to a new all-time high of €2.29,9 on volumes of 6,286 shares. The airport operator is shortly expected to publish the traffic results for the month of March.
On the other hand, FIMBank plc dropped to a fresh 14-month low of 84cUS on low volumes of 3,639 shares.
Tomorrow marks the last day the shares of FIMBank trade with the entitlement to the 1 for 10 bonus issue. The equity turns ex-bonus as from Friday.
On the bond market, the Rizzo Farrugia MGS Index eased for the second consecutive session with a further 0.1 per cent drop to 1,026.547 points as Eurozone yields approached the 1.6 per cent level.
Markets continue to speculate that the European Central Bank will take no action during tomorrow’s meeting despite the further decline in the region’s inflation rate to 0.5 per cent.
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