The equity of Malta International Airport had a volatile session as it opened 0.9 per cent higher at the €2.35 level before slipping to an intra-day low of €2.33.
However, in the last moments of today’s trading session, new bids emerged to lift the airport operator’s equity to a new all-time high of €2.40 representing a three per cent jump from yesterday’s closing price.
A total of 25,750 shares changed hands across five deals. Given the record passenger numbers during the first 10 months of the year, MIA is well positioned to exceed its 2014 passenger growth target of 4.2 per cent.
Bank of Valletta also closed in positive territory as the bank’s equity inched minimally higher to €2.29 across 19 trades totalling 23,654 shares. Tomorrow is the last day for investors to gain entitlement to the final gross dividend of 9c25 per share.
Similarly, the equity of Tigné Mall advanced by 3.8 per cent to regain its all-time high of 55c on increased volumes of 31,000 shares.
On the other hand, HSBC eased minimally lower to end this morning’s session at the €1.97,4 level after it only partially recovered from an intra-day low of €1.95 on shallow volumes of 3,500 shares.
Likewise, the share price of Medserv retreated by 0.4 per cent back to the €1.32,5 level on a single trade of 2,000 shares.
Meanwhile, International Hotel Investments held on to the 56c level on a deal of 2,000 shares. Similarly, Middlesea Insurance traded unchanged at the 99c level across 3,000 shares.
Overall, the share index edged 0.2 per cent higher to 3,341.061 points.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to 1,092.051 points as Eurozone benchmark yields slipped below the 0.8 per cent level as Germany criticised the asset purchase programme of the European Central Bank.
On the local corporate bond market, trading in the newly listed €30 million five per cent Hal Mann Vella Group bonds maturing in 2024 commenced today with the price touching a high of 103.8 per cent before easing back to a closing price of 103.5 per cent which still represents a 350 basis point premium over the issue price.
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