Following the marginal declines in the previous two sessions, the share index today advanced by 0.5 per cent to reach a fresh 11-week high of 3,370.919 points as four of the five active equities today trended higher.

The only exception was Bank of Valletta, which closed unchanged at the €2.24,9 level, across volumes of 28,307 shares.

The shares of HSBC traded down to a low of €1.98,5 before new bids lifted the bank’s share price to €2.03,5 representing a gain of 1.75 per cent over the previous closing price.

A total of 9,296 shares which exchanged hands in five deals. On Sunday, the European Central Bank will be publishing the results of the asset quality review and simultaneously the European Banking Authority will be issuing its stress tests results across many banks in the EU including BOV and HSBC.

Similarly, the share price of Lombard Bank closed higher at the €1.73 level, gaining 0.6 per cent across three deals totalling 48,700 shares.

Meanwhile, its postal subsidiary, Maltapost, also performed positively and gained 2.6 per cent to the €1.14,9 level as 13,000 shares traded.

Malta International Airport edged 0.4 per cent higher to regain its record close of €2.36 on high volumes amounting to 65,040 shares. Local media reports confirmed that the Greek airline Aegean will begin flying to Malta next summer from Athens three times a week.

On the bond market, the Rizzo Farrugia MGS Index slid 0.14 per cent lower to 1,091.221 points as Eurozone benchmark yields reached the 0.88 per cent level earlier on today before easing back to the 0.86 per cent level.

www.rizzofarrugia.com

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.