The MSE Share Index retreated for the third consecutive session today with a further 0.1% drop back to 3,455.113 points as volumes dwindled to €49,858 – the lowest daily value since 20 February.
The equity of GO plc continued to decline as the share price of the telecoms quad-play operator shed 2.1% to €1.91 on volumes of just over 6,000 shares. The equity seems to have fallen out of favour since the surprise announcement on 28 March related to the acquisition of a minority shareholding in a Cypriot company.
The equity of MaltaPost plc eased for the second successive session with a further 0.9% drop back to the €1.11 level on just 2,000 shares.
Similarly, the share price of HSBC Bank Malta plc slipped 1.3% lower to the €2.35 level on volumes of 5,360 shares.
In the property sector, MIDI plc slid 7.7% back to the €0.24 level across 6,500 shares and Plaza Centres plc failed to hold on to an intra-day high of €0.60 to end the session 0.8% lower at the €0.585 level on volumes of 2,500 shares.
On the other hand, the share price of Bank of Valletta plc edged 1.8% higher to regain the €2.30 level on very shallow activity due to a lack of offers in the market. BOV will be publishing its March 2014 interim results by the end of April.
Meanwhile, Malta International Airport plc held on to its all-time high of €2.30 on volumes of almost 8,100 shares. The equity of the airport operator is still trading with the entitlement to the final gross dividend of €0.06923 per share. The equity will turn ex-dividend as from 16 April.
On the bond market, the Rizzo Farrugia MGS Index edged 0.3% higher to 1,029.015 points as yields slumped back to the 1.56% level on renewed speculation of further monetary easing by the European Central Bank (ECB). This follows last week’s comments by its President Mario Draqhi claiming that quantitative easing (QE) plans were being drawn up in case they were needed to counter deflation risks.
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