The MSE share index moved back into negative territory during this morning’s session with a 0.3 per cent drop back to 3,343.021 points level largely due to the one per cent drop in the share price of HSBC Bank Malta plc.

The bank’s equity slipped back to the €2.05 level after failing to hold on to an intra-day high of €2.09 (compared to the previous closing price of €2.07). Only 8,815 shares changed hands today.

The equity of GlobalCapital plc also closed in negative territory with a 12.1 per cent plunge back to the 65c9 level on shallow volumes of 1,200 shares.

On the other hand, the share price of Plaza Centres plc edged 1.8 per cent higher to regain the 57c level on a single trade of 6,000 shares.

Meanwhile, no change was registered in the share price of Malita Investments plc with 180,000 shares changing hands at the 55c level.

On the bond market, the Rizzo Farrugia MGS Index extended its recent positive trend as it exceeded the 1,050-points level for the first time.

The local MGS benchmark edged 0.2 per cent higher today to 1,050.488 points as the Central Bank raised its bid prices for the medium and long-term stocks although Eurozone yields were relatively unchanged at the 1.325 per cent level.

On the secondary market, the recently issued 4.3 per cent MGS 2033 bond also continued to advance to new highs as it reached the 104 per cent level, representing an increase of 325 basis points (compared the recent offer price of 100.75 per cent) in just over three weeks.

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.