The share index this morning reversed yesterday’s rebound with a 0.4 per cent drop back to a new 12-week low of 3,283.788 points as a number of equities closed lower.
Most notably, the share price of HSBC slipped 2.1 per cent back to its 2014 low of €1.90 across 36,711 shares.
In their recent statement, the bank's directors highlighted the downward pressure on the bank’s profitability in view of the challenging economic environment as well as due to a stricter regulatory environment.
Also in the financial sector, FIMBank eased marginally lower to a new all-time low of 59c9US on a single trade of 31,500 shares. The trade finance specialist also issued a negative interim statement highlighting the material impairment situation across the group.
The share price of RS2 Software also slipped 1.7 per cent back to the €2.88,9 level across six deals totalling 5,100 shares. The equity of RS2 had been inactive since October 1.
Yesterday afternoon, RS2 issued its interim statement and explained that the group continued to generate a strong operating and financial performance, for both the software licensing and managed services businesses.
Most notably, RS2 reported that is in the process of negotiating a new licence deal with a client in Europe which is expected to be concluded during the first quarter of 2015 and it is negotiating new letters of intent to provide services to clients within Europe and North America reflecting the increasing demand for RS2’s managed services.
On the other hand, the share price of Bank of Valletta edged 0.2 per cent higher to regain the €2.24,5 level across six trades totalling 9,800 shares. Similarly, the equity of Malta International Airport advanced by 1.3 per cent to recapture the €2.36 level on volumes of 19,200 shares.
Meanwhile, no change was registered in the share price of MIDI as a further 45,000 shares changed hands at the equity’s all-time low of 21c. Lower volumes traded in Malita Investments at the all-time high of 60c (5,000 shares). Likewise, 6pm Holdings held on to the 70p across one deal of 5,000 shares.
On the bond market, the Rizzo Farrugia MGS Index eased 0.1 per cent lower to 1,090.183 points despite a drop in Eurozone yields back to the 0.815 per cent level.
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