During this morning’s trading session on the stock exchange, the MSE Share Index inched marginally higher to 3,290.689 points mainly reflecting the 0.8% uptick in the share price of HSBC Bank Malta plc. After touching a fresh 5-year low of €1.90 on 8 August, the banking equity gradually recovered and this morning regained the €2.00 level on shallow volumes of 5,214 shares.

Similarly, FIMBank plc closed this morning’s session 0.8% higher at USD0.655 after failing to hold on to an intra-day high of USD0.67 across a total of 18,165 shares.

On the other hand, the equity of MaltaPost plc eased by 0.9% to €1.12 on just 1,350 shares despite the recent Interim Statement revealing the Directors’ expectations of improved profitability for the financial year ending 30 September 2014.

Likewise, the shares of Tigné Mall plc closed in negative territory today with a minimal decline back to the €0.52 level on volumes of 20,000 shares. The company will be issuing its interim financial statements tomorrow.

Meanwhile, no change was registered in the share price of Bank of Valletta plc as the equity held on to the €2.14 level across 11,673 shares. Similarly, a further 4,272 shares of GO plc traded unchanged at the €2.45 level.

On the bond market, the Rizzo Farrugia MGS Index continued to reach new highs as the local MGS benchmark advanced by a further 0.1% to 1,073.803 points given that Eurozone yields remained near all-time lows on the hope of further stimulus measures from the European Central Bank (ECB). Last Friday, the ECB’s President Mario Draghi strongly hinted towards further measures in order to combat the region’s ailing economic growth and inflation figures.

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Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results.