The share price of HSBC slumped 3.1 per cent during trading at the Stock Exchange this morning back to the €1.86 level across 15 deals totalling 42,719 shares. The equity has dropped by 0.6 per cent this week.
Malta International Airport shed 0.4 per cent back to the €3.46,5 level on volumes of 9,000 shares. The airport operator is scheduled to hold its annual general meeting on May 20. Earlier this week, the company revealed that it registered a growth of 4.2 per cent in passenger movements during April.
The only other negative performing equity was Santumas Shareholdings with a 0.3 per cent drop to €1.99,5 on marginal volumes of 398 shares.
On the other hand, the share price of International Hotel Investments edged 1.5 per cent higher to recapture the 69c level on a single trade of 13,493 shares.
Likewise, the equity of MIDI moved 1.8 per cent higher to recapture the 28c5 level across two deals totalling 135,964 shares.
Meanwhile, Bank of Valletta held on to the €2.30 level after a volatile session after opening at a low of €2.29 and reaching an intra-day high of €2.33 across. A total of 37,161 shares changed hands during the final day for the entitlement to the interim gross dividend of 3c9 (net: 2c54) per share. The equity turns ex-dividend as from Monday.
GO also held on to its seven-year high of €3 on a single trade of 5,000 shares.
Overall, the MSE Share Index trended in negative territory for the second consecutive session with a further 0.5 per cent drop back to the 3,790.141 points. The local equity benchmark still gained 0.6 per cent this week.
On the bond market, the Rizzo Farrugia MGS Index moved back into positive territory today with a 0.4 per cent increase to regain the 1,150 points level in line with the dip in Eurozone yields back to the 0.52 per cent level as markets welcomed the outcome of the UK general election.
In contrast to various opinion polls, the Conservative party obtained a majority of seats in the UK Parliament thereby removing one of the most significant uncertainties weighing on investor sentiment in recent months.
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