The MSE Share Index moved back into positive territory with a 0.7 per cent increase to 3,362.843 points mainly due to the rebound in the share prices of the three retail banks.

The equity of Bank of Valletta plc edged 1.9 per cent higher to regain the €2.12 level on low volumes of just over 9,400 shares.

Similarly, the share price of HSBC Bank Malta plc recovered by one per cent from its five-year low to €2.07 across six deals totalling 13,335 shares. Likewise, the equity of Lombard Bank Malta plc inched 0.3 per cent higher to €1.46 on low volumes of 6,382 shares.

The only other positive performing equity was Malta International Airport plc with a 0.9 per cent increase to recapture the €2.27 level on a small deal of 214 shares.

On the other hand, a single trade of 500 Plaza Centres plc shares was executed at the 56c level representing a 5.1 per cent drop from the previous closing price.

Meanwhile, GO plc recovered from an intra-day low of €2 to end the session unchanged at the €2.01 level across 5,000 shares.

On the bond market, the Rizzo Farrugia MGS Index jumped 0.2 per cent to yet another all-time high of 1,047.39 points as Eurozone yields slumped back to one month lows of 1.324 per cent.

This follows the comments made by the chairman of the US Federal Reserve Janet Yellen (following a monetary policy meeting) explaining that although the US economy has rebounded during the current quarter and is expected to continue expanding at a moderate pace, interest rates will remain low for an extended period to provide further support to the North American economy.

www.rizzofarrugia.com

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