The MSE share index this morning rebounded by 0.7 per cent to an almost six-week high of 3,391.085 points largely attributable to the 6.9 per cent jump in the share price of International Hotel Investments plc. The equity of the hotel owner and operator regained the 76c level on a single trade of just 2,227 shares.
Go plc continued to edge higher with the share price rising by 0.4 per cent to €2.36 - yet another six-year high. However, volumes declined to only 2,000 shares today.
Another two positive performers were Lombard Bank Malta plc and Island Hotels Group Holdings plc. Lombard’s share price edged 2.7 per cent higher to close the session at €1.50 across a single trade of 2,000 shares. Likewise, Island Hotels edged 1.2 per cent higher to regain the 82c on weak activity of 3,000 shares.
Bank of Valletta plc was the most active equity this morning with 133,905 shares changing hands across 19 trades. BOV’s share price closed unchanged at €2.10 despite fluctuating between a low of €2.07,1 and a high of €2.12.
On the other hand, HSBC Bank Malta plc was the only negative performer with a 1.4 per cent decline back to the €2.07 level on volumes of 16,223 shares. HSBC’s interim results will be published on August 4.
Meanwhile, Malta International Airport plc and RS2 Software plc closed unchanged on low volumes. A total of 1,600 MIA shares changed hands at the €2.30 level with RS2 maintaining this week’s two per cent rise as a further 1,000 shares traded unchanged at the €2.55 level.
On the bond market, the Rizzo Farrugia MGS Index retreated by 0.1 per cent to 1,059.075 points as Eurozone yields remained supported at the 1.17 per cent level by the better-than-expected manufacturing and services growth news announced yesterday. Markets were today unaffected by the data on the dip in the German business climate and the geopolitical tensions in various parts of the world.
Yesterday, the Treasury published the prices of the new Malta Government Stocks. The two per cent MGS 2020 (V) is being issued at 101.75 per cent, while the 4.1 per cent MGS 2034 (I) is being issued at 100.75 per cent. The total amount being offered is of €180 million, and subscriptions close on July 30.
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