The marginal decline in the share index that took place on Monday was short-lived as the local equity benchmark moved back into positive territory today with an increase of 0.6% to 4,533.344 points as various equities trended higher.

Amongst the large equities by market capitalisation, International Hotel Investments plc shares rebounded by 3.9% to 63c9 albeit on a single deal of 500 shares.

Similarly, shallow volumes were transacted in GO as 2,000 shares traded at the €3.24 level representing a 0.3% increase from the previous close.

RS2 Software plc advanced by 1.3% to recapture the €1.62 level across four deals totalling 35,900 shares.

MaltaPost plc also trended in positive territory today as the equity regained its all-time high of €2 on volumes of just over 35,000 shares.

In the property sector, MIDI moved 1.5% higher to close at the 33c5 level on a single trade of 5,000 shares. Likewise, a single trade of 3,400 shares of Malita Investments was executed at the 85c9 level representing a 1.1% jump from the previous closing price. Malta Properties Company plc also performed positively as the equity regained the 60c level (+3.6%) on low volumes of 6,000 shares.

Meanwhile, Plaza Centres held on to the €1.10 level on activity of 61,500 shares.

Similarly, Malta International Airport maintained the €4.03,8 level across 5,490 shares.

FIMBank also ended this morning’s session unchanged at the 85cUS level across a single trade of 30,000 shares.

On the other hand, the share price of Bank of Valletta eased minimally lower back to the €2.27,9 level across nine deals totalling 27,650 shares.

On the bond market, Malta Government Stock prices rebounded strongly following the sharp downturn last Friday and Monday as the Central Bank of Malta sharply raised its bid prices today in line with the downturn in eurozone yields over the past two days.

The renewed downturn in yields was likely triggered by data revealing the second consecutive monthly decline in industrial production across the Eurozone. The markets now await the decision by the US Federal Reserve later on today at the end of its two-day monetary policy meeting.

www.rizzofarrugia.com

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.