Trading volumes during this morning’s session on the Borza reached a new 2014 high of €0.73 million on significant activity in the equities of Go and RS2 Software.

However, the MSE Share Index was dragged 1.1 per cent lower to 3,327.558 points by the declines in the share prices of the two large banks and the airport operator.

Yesterday’s marginal rebound in the share price of HSBC Bank Malta was short-lived as the equity shed 4.2 per cent back to the €1.95 level across 28,365 shares. Similarly, the equity of Bank of Valletta plc retreated by one per cent to the €2.24 level on volumes of 11,279 shares.

Malta International Airport also eased lower today with a decline of 0.9 per cent from the equity’s all-time high of €2.35 to €2.33 across four trades totalling 25,000 shares.

On the other hand, the share price of Go remained well supported as it edged a further 0.4 per cent higher to reach yet another six-year high of €2.51 on very high volumes of 171,254 shares. Go’s equity was the most active today accounting for 58.6 per cent of the daily value traded.

The share price of RS2 Software advanced by a further 2.5 per cent to yet another fresh all-time high of €2.85 on volumes of 57,492 shares.

Plaza Centres also inched marginally higher to 59c8 albeit on insignificant volumes of 84 shares. Meanwhile, International Hotel Investments maintained the 64c level across a single deal of 625 shares.

On the bond market, the Rizzo Farrugia MGS Index eased 0.1 per cent lower to 1,079.252 points as Eurozone yields continued to trend upwards to regain the 1.08 per cent level for the first time in four weeks.

Benchmark yields have rebounded in recent days after the decision by the European Central Bank to inject further stimulus reignited investors’ risk appetite.

www.rizzofarrugia.com

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