The MSE Share Index eased by 0.2% to 3,463.806 points as the equities of the two large banks released some of the gains registered during the past two weeks.

The share price of HSBC Bank Malta plc eased minimally lower to €2.62 across four deals totalling 6,350 shares. Higher volumes were transacted in Bank of Valletta plc as the equity dipped 0.8% lower back to the €2.45 level across 17,046 shares.

The BOV Group generally publishes its preliminary full-year results for the 12 months ended 30 September 2013 by the end of October.

The only other active equity during this morning’s session was Malta International Airport plc. The airport operator’s equity ended the session unchanged at the €1.96 level after failing to hold on to an intra-day high of €1.97 on low volumes of 6,925 shares.

Last Friday, MIA announced a 10.8% increase in passenger movements to during the month of September and it was also revealed in the media that British Airways will return to Malta with a daily flight to Gatwick in the UK as from 30 March 2014.

On the bond market, the Rizzo Farrugia MGS Index barely moved for the third consecutive session at 1,019.316 points as eurozone yields remained range-bound at just above the 1.80% level. Markets are getting increasingly uneasy about the political deadlock in the US but at the same time remain confident that a deal can be agreed upon just in time to avoid a full-blown crisis.

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.