The 5.2 per cent rebound recorded during yesterday’s session in the share price of Bank of Valletta plc was almost completely reversed today as the bank’s equity slid 4.8 per cent lower, back to the €2.30,5 level on volumes of 34,105 shares.

OV will be publishing its interim results by the end of April.

On the other hand, the share price of HSBC Bank Malta plc edged 0.2 per cent higher to €2.38,5 on volumes of 17,370 shares.

The bank is scheduled to hold its annual general meeting on Wednesday during which shareholders will be asked to approve a number of resolutions including the final gross dividend of 5c2 per share as well as a one for nine bonus issue.

The equity of GlobalCapital plc was active for the first time since July 2012 and dropped by 25.1 per cent to a 43-month low of 59c9 across five deals totalling 1,000 shares.

Tigné Mall plc edged minimally higher to 52c5 on significant volumes of 250,000 shares.

This second consecutive increase in the company’s share price follows the recent publication of its 2013 financial statements which showed a pre-tax profit of €1.9 million (2012: €1.1 million) being 12 per cent higher than the projections that had been presented in the IPO Prospectus dated March 20, 2013.

The company managed to exceed its forecasts mainly due to the better-than-expected increases in footfall and tenant sales and given the company’s ability to anticipate its bank repayment commitments.

The directors recommended a final net dividend of 1c25 per share to all shareholders as at the close of trading on May 15.

Meanwhile, the equity of GO plc managed to recover from an intra-day low of €1.90 to end this morning’s session unchanged at the €1.96 level on volumes of 2,960 shares.

Malta International Airport plc held on to its all-time high of €2.30 as a further 4,000 shares changed hands at this level.

On the bond market, the Rizzo Farrugia MGS Index eased minimally lower for the second successive session to 1,028.300 points as yields continued to marginally recover from recent declines as Greece's return to the bond markets boosted investor confidence.

Locally, today Medserv plc issued a formal notice in connection with the issue of €7 million in notes being the second and the last tranche to be issued under its €20 million secured and guaranteed debt issuance programme.

www.rizzofarrugia.com

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