The share price of Bank of Valletta closed 0.9 per cent lower at the €2.17 level after touching an intra-day high of €2.18,9.
Trading activity increased to 52,427 shares today. Later on today, the bank will be holding its annual general meeting and once approved the final dividend will be paid to all shareholders tomorrow.
6PM Holdings was the other equity that closed in negative territory. The sterling denominated equity shed 2.9 per cent to 68p on activity of 10,088 shares.
Meanwhile, four other equities ended the session higher but the share index still ended the day marginally lower at 3,229.978 points. Malita Investments led the pack of gainers, edging 3.2 per cent higher to a fresh high of 64c across two deals for a total of 12,000 shares.
Lombard Bank Malta gained 2.2 per cent to end this morning’s session at €1.79,9 across two deals totalling 9,000 shares. Similarly, GO closed 1.6 per cent higher, regaining the €2.49 level across a total of 23,745 shares. Plaza Centres was the other gainer, edging 0.3 per cent higher to close at 64c2.
Furthermore, three equities closed unchanged. HSBC Bank Malta held on to the €1.85 level across eight trades for a total of 11,112 shares. Similarly, International Hotel Investments maintained the 55c level on activity totalling 26,327 shares.
Likewise, RS2 Software maintained the €2.92 level on shallow volumes of 2,000 shares.
On the bond market, the RF MGS Index advanced for the third consecutive day this week, gaining 0.1 per cent to yet another new record of 1,101.456 points.
Eurozone benchmark yields continued to slide on weak investor sentiment, amid fear that the continuing drop in oil prices could result in deflation across the region.
The 7.5 per cent Mediterranean Investments Holding 2015 bond rallied by 275 basis points to 95 per cent after the company issued a performance update in which it confirmed that the 2014 financial performance is expected to be slightly ahead of that during 2013 (when earnings before interest, tax, depreciation and amortisation amounted to €23.1 million) and in line with the forecast indicated in the prospectus published in June this year with an EBITDA figure of €24.5 million.
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