The MSE Share Index edged 0.2 per cent higher during this morning’s trading session to yet another fresh two-week high of 3,351.078 points reflecting the uplift in the share price of Bank of Valletta plc.
BOV’s equity traded one per cent higher and closed today’s session at €2.09 across activity of 20,809 shares.
Meanwhile, the equity of HSBC Bank Malta plc closed today’s session unchanged at €2.10 after failing to hold on to an intra-day high of €2.14 across 10 trades totalling 23,705 shares. HSBC will be publishing its interim results on August 4.
GO plc was the only other active equity during this morning’s session. GO also closed the day unchanged at the €2.30 level with 11,400 shares changing hands across seven deals.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to a new all-time high of 1,059.647 points. Benchmark Eurozone yields dipped below the 1.15 per cent level as ‘safe-haven’ assets remained in demand in view of the instability in Ukraine as the government attempts to forcefully take back control of Donetsk. Markets are also concerned with the rising tensions between Russian and Western-allied countries.
On Thursday afternoon the prices of the new Malta Government Stock are expected to be announced. The Treasury will be offering a total of €180 million across two stocks, namely, two per cent MGS 2020 (V) and 4.1 per cent MGS 2034 (I). Subscriptions subsequently open on Monday and close on July 30 at 5pm.
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