Following the recent uplift in the MSE share index on the back of the rebound in Go plc’s share price, the local equity benchmark today slipped 0.7 per cent to a fresh one-week low of 3,319.242 points as the share prices of the two large banks resumed their downward trend.

The share price of Bank of Valletta plc shed 2.4 per cent back to the €2.05 level on high volumes of 104,010 shares. Similarly, HSBC Bank Malta plc lost 0.5 per cent back to the €2.01 level across 10 deals totalling just over 44,000 shares.

Meanwhile, following the recent 11.3 per cent uplift in Go plc’s equity, the share price of the quad-play telecoms operator eased marginally lower during this morning’s session to close at the €2.22 level on volumes of 35,152 shares.

Go confirmed that its board of directors unanimously resolved to inform Forgendo Limited (the joint-venture between Go and EITL holding the investment in Forthnet) to convert the interest free loan into additional equity of Forgendo.

Go had made available this interest free loan in January 2014 to enable Forgendo to participate in Forthnet’s rights issue. Forgendo will, therefore, continue to be jointly held by Go and EITL.

Meanwhile, the only other active equity was RS2 Software plc as the equity held on to the €2.45 level on high activity of 105,030 shares.

On the bond market, the Rizzo Farrugia MGS Index registered its fifth consecutive increase with a further 0.1 per cent increase to yet another all-time high of 1,058.297 points representing an almost four per cent increase since the start of the year.

This reflects this morning’s drop in Eurozone yields back to the 1.22 per cent level on weak inflation data from China which accentuated global growth concerns following weak industrial output from the Eurozone announced earlier this week.

On the corporate bond market, the prospectus in connection with the new €25 million five per cent bond issue of Tumas Investments plc is now available for download.

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