Following two consecutive sessions of declines, the MSE Share Index edged 0.1% higher during this morning’s session to 3,794.753 points on the back of increases in the share prices of HSBC Bank Malta plc and International Hotel Investments plc.

The share price of HSBC Bank Malta plc advanced by 1.1% today to recapture the €1.88 level across fourteen deals totalling 39,095 shares.

Similarly, the equity of International Hotel Investments plc climbed by 1.5% to regain the €0.70 level on volumes of 24,000 shares. 

On the other hand, Bank of Valletta plc shed 0.9% to €2.28 across seven deals totalling 17,450 shares after the Bank’s shares turned ex-dividend. The bank is now scheduled to pay the interim gross dividend of €0.039 (net: €0.0254) per share on Wednesday May 27.

Amongst the large equities by market capitalisation, Malta International Airport plc and GO plc also ended this morning’s session in negative territory. MIA’s share price eased 0.1% lower back to the €3.46 level on volumes of just over 13,000 shares and GO’s equity eased minimally lower to €2.999 across 7,620 shares.

The only other negative performing equity was Malita Investments plc with a 3.3% drop back to the €0.88 level on a single deal of 1,000 shares.

Meanwhile, Medserv plc held on to its record level of €2.20 level on volumes of 8,625 shares.

On the bond market, the Rizzo Farrugia MGS Index lost a further 0.1% to 1,149.451 points as benchmark 10-year Eurozone yields restarted their upward trend to recapture the 0.586% level as investors shift their focus on Greece’s attempt to seal a new debt deal with international creditors whilst at the same time having to honour a €750 million repayment to the International Monetary Fund (IMF) by tomorrow.

www.rizzofarrugia.com  

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