Bank of Valletta plc shares remained well supported as further demand emerged during this morning’s session to lift the equity by a further 0.8 per cent to €2.62,2 on volumes of just over 23,000 shares. BOV shares will trade with the entitlement to the final dividend of 13c per share until November 14.
Positive movements also in the share price of MIDI plc which edged four per cent higher to 26c on high volumes of 107,400 shares.
Recently, the company announced that it has already sold almost three quarters of the 39 apartments available in the Q1 block residential apartments.
Grand Harbour Marina plc shares also trended 1.2 per cent higher during this morning’s session on a single trade of 5,100 shares.
On the other hand, MaltaPost plc eased by 0.6 per cent to €1.06 across two deals totalling just 2,450 shares.
Meanwhile, HSBC Bank Malta plc maintained the €2.65 level on a deal of 4,000 shares. Similarly, a further 4,500 Malta International Airport plc shares traded at the €2.10 level across two deals. The airport operator is expected to publish its October traffic results in the coming days.
Amongst the large cap equities, GO plc also ended the session unchanged as it held on to the €1.54 level across eight trades totalling 12,200 shares.
Likewise, no changes in the share prices of the active IT equities. Crimsonwing plc held on to its all-time high of €0.85 on a trade of 8,000 shares. Thin volumes also in RS2 Software plc with just 633 shares changing hands at the €2.30 level.
Overall, the MSE Share Index edged 0.2 per cent higher to 3,511.045 points compared to its 2013 high of 3,518.919 points reached on August 12. Markets now awaiting the interim directors’ statements of all listed companies with a December year end which should be published over the next few days.
These announcements provide an update on the respective company’s performance since the half-year end.
On the bond market, the Rizzo Farrugia MGS Index eased a further 0.1 per cent to a 3-week low of 1,018.840 points as Eurozone yields approached the 1.75 per cent level this morning.
However, this afternoon benchmark yields slipped back to the 1.7 per cent level after the European Central Bank announced that it cut its reference rat rate by 25 basis points to a historically low 0.25 per cent to combat the declining rate of inflation in the region.
Meanwhile, the Bank of England maintained its interest rate unchanged at 0.5 per cent and its asset purchase target at £375 billion.
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