The share price of Bank of Valletta plc again failed to hold on to a new 20-month high of €2.27 during this morning’s trading session to close unchanged at the €2.25,1 level across 30,470 shares.

This morning, the bank confirmed that it has paid out additional compensation to a number of investors in the La Valette Property Multi-Manager Property Fund following a file review of all investors in the fund.

However, the announcement explained that this additional payment will not have any material adverse effect on the financials of the current financial year ending September 30 as the necessary provisions were accounted for during the previous financial year.

On the other hand, GO plc edged 0.4 per cent higher to yet another 17-month high of €1.28,5 across two deals totalling 8,000 shares. Similarly, MaltaPost plc climbed 2.1 per cent to regain the 97c level on increased volumes of 33,339 shares.

High volumes were registered also in the property related equities with 50,000 MIDI plc shares trading unchanged at the 28c level while 30,000 Plaza Centres plc shares were executed at the 55c level, also unchanged from the previous closing price.

Meanwhile, shallow trading activity was evident in Malta International Airport plc despite yesterday’s announcement that the airport operator is expecting a 1.5 per cent increase in passenger movements in 2013 compared to the 2012 all-time record of 3.65 million passenger movements. The latter represented a 4.1 per cent increase over the 2011 passenger figures.

On the bond market, the Rizzo Farrugia MGS Index edged 0.2 per cent higher to reach a new 27-month high of 1,010.793 points as Eurozone yields drifted back to the 1.57 pre cent level as demand for peripheral bonds continued to outweigh interest in Bunds which are considered ‘safe-haven’ assets.

This was confirmed by the strong demand for today’s bond auction by Portugal similar to the successes registered by Spain and Italy.

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