The share index moved into negative territory this morning as it shed 0.2 per cent back to 4,430.578 amid dwindling volumes as only €86,396 worth of shares changed hands today.

During this morning’s session, the equity of Bank of Valletta eased 0.4 per cent lower to the €2.23 level across low volumes of 5,980 shares.

Shallow volumes were also transacted in RS2 Software as its share price slipped 1.1 per cent lower to a fresh seven-month low of €1.83 across two deals totalling 6,588 shares.

Likewise, FIMBank eased minimally lower to 97c5 on a single trade of 2,200 shares.

The only other negative performing equity was 6pm Holdings as it slumped by 5.9 per cent to a new five-month low of 80p on a single deal of 1,030 shares.

On the other hand, the three other active equities ended today’s session unchanged. In the banking sector, HSBC closed unchanged at the €1.56 level after rebounding from an intra-day low of €1.55 across 27,371 shares.

Similarly, Lombard Bank held on to the €2.20 level across a single trade of 4,517 shares ahead of the bank’s interim results publication tomorrow.

Malta International Airport also traded unchanged at the €4.25 level on low volumes of 1,294 shares.

On the bond market, the RF MGS Index trended lower for the first time in five sessions as it marginally dipped lower from its 16-month high and closed at 1,167.805 points. The decline in the index reflected the minimal uptick registered across the benchmark 10-year German Bund yield as well as in yields across Spain and Italy.

Trading in the newly issued 2.4 per cent MGS 2041 (I) r continued today with the price touching a new high of 106.25 per cent before easing marginally lower to close at the 106.10 per cent level – higher than yesterday’s CBM bid price and today’s price of 104.24 per cent. Trading activity was robust with €3.76 million (nominal) changing hands across 97 trades.

www.rizzofarrugia.com

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