Following three consecutive sessions of increases, the share index eased marginally lower during this morning’s session to 4,459.930 points as the declines in BOV, MIA and Farsons were partially offset by gains in IHI and FIMBank.

Overall, trading activity was once again subdued with only €0.17 million worth of shares changing hands today. Over the week, the local equity benchmark edged 0.4 per cent higher largely reflecting the 8.3 per cent jump in FIMBank's share price.

During this morning’s session, Bank of Valletta eased 0.9 per cent lower back to the €2.21,5 level on weak volumes of 9,120 shares.

Similarly, the share price of Malta International Airport dipped by 0.9 per cent to a fresh five-month low of €4.26 across two deals totalling just 1,514 shares.

Low volumes were also evident in Simonds Farsons Cisk as the equity retreated by 0.2 per cent back to the €6.30 level on just 4,000 shares.

Meanwhile, higher trading activity was registered in International Hotel Investments as its share price rebounded by 2.4 per cent to regain the 65c level on total volumes of just over 100,000 shares - representing 38.9 per cent of today’s total value traded.

Similarly, the share price of FIMBank edged one per cent higher to its six-year high of 91cUS across a single deal of 58,470 shares.

Meanwhile, RS2 Software maintained the €3.50 level on shallow volumes of 675 shares. RS2 is scheduled to hold its annual general meeting next Thursday.

On the bond market, the RF MGS Index trended lower for the fifth consecutive day as it declined by a further 0.05 per cent to a fresh near four-week low of 1,148.138 points.

This contrasted with the dip in peripheral Eurozone yields as Brexit fears somewhat eased today which in turn led to a rebound in the benchmark 10-year German Bund yield to just above the zero per cent level.

www.rizzofarrugia.com

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