The share index dropped 0.3 per cent today to 3,230.859 points to its lowest level since February 2013 as the equities of HSBC and GO both declined offsetting the gains in BOV and Lombard Bank.

HSBC lost a further 1.6 per cent to a fresh 2014 low of €1.85 across five trades for a total of 8,034 shares. Similarly, GO shed 0.8 per cent to the €2.45 level on higher volumes amounting to 198,469 shares.

On the other hand, the share price of Bank of Valletta increased by 0.5 per cent to €2.19 across 10 deals totalling 31,775 shares. Tomorrow, the bank will be holding its annual general meeting, when shareholders are being asked to approve the recommended net dividend of 6c01 per share.

Lombard Bank was the only other gainer during today’s session with the equity edging 0.3 per cent higher to the €1.76 level on activity amounting to 11,000 shares.

On the bond market, the RF MGS Index gained another 0.1 per cent to reach a fresh new high of 1,100.661 points.

Benchmark yields continued to decline touching a fresh low of 0.566 per cent this morning as German economic data issued today showed that the manufacturing sector grew at a slower rate than expected.

Meanwhile, the recently listed 5.1 per cent PTL Holdings 2024 bonds advanced by a further 75 basis points to 104.25 per cent on high volumes totalling €113,500 (nominal).

www.rizzofarrugia.com

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