The MSE Share Index slumped 0.5 per cent during this morning’s session to 3,662.287 points following declines in the share prices of Bank of Valletta plc, HSBC Bank Malta plc and Go plc.
BOV’s equity failed to hold on to an intra-day high of €2.69,9 as it slipped back to the €2.62 level representing a 1.5 per cent decline from the previous close.
Today was the last day the equity traded with the entitlement to the one for 10 bonus issue. The equity will turn ex-bonus as from tomorrow and the price will adjust accordingly.
Similarly, the share price of HSBC retreated by 0.8 per cent back to the €2.58 level across two deals totalling 9,000 shares. Go’s equity also shed 0.3 per cent to €1.84,5 on two deals totalling 5,430 shares.
On the other hand, the share price of Simonds Farsons Cisk plc advanced by 1.4 per cent to €2.89 on volumes of 3,500 shares.
Meanwhile, Malta International Airport plc ended the session unchanged at the €2.18 level across four trades totalling 13,200 shares.
In the coming weeks, the airport operator is expected to publish its 2013 traffic results (confirming that passenger movements have exceeded a record four million movements) and its forecast for 2014.
The share price of Island Hotels Group Holdings plc also closed unchanged with a further 10,000 shares trading at the 85c level.
On the bond market, the Rizzo Farrugia MGS Index climbed a further 0.2 per cent to a fresh five-month high of 1,024.803 points as Eurozone yields continued to fall back for the third consecutive session to just above the 1.8 per cent level in view of weak US corporate earnings.
www.rizzofarrugia.com