The MSE Share Index moved back into negative territory on the stock exchange this morning with a 0.1% decline to 3,322.952 points mainly reflecting the declines in the share prices of GO plc and International Hotel Investments plc (IHI).
After a four-day rally, the share price of GO plc lost a bit of momentum today as it dipped 1.9% lower to the €1.54 level. Trading activity remained high with a total of 76,350 shares changing hands. The majority of trades took place between €1.57 and €1.58 before a final trade was executed at €1.54. Meanwhile, the equity of IHI drifted below the €0.79 level for the second time this month with a 1.9% drop back to the €0.775 level on lower volumes of 4,500 shares.
The share price of RS2 Software plc also closed in negative territory today as it failed to hold on to its intra-day high of €0.91 to ease back to the €0.90 level across two trades totalling 22,200 shares.
On the other hand, Bank of Valletta plc edged 0.9% higher to the €2.28 level on volumes of over 32,600 shares. Similarly, Crimsonwing plc shares climbed 5.6% to regain its 2013 high of €0.57 on activity of 30,757 shares. Meanwhile, lower volumes were registered in MaltaPost plc with the equity jumping 4% to regain the €1.04 level.
The other three active equities ended this morning’s session unchanged. FIMBank plc held on to the US$0.99 level across six trades totalling 278,387 shares with further offers unsatisfied at the closing price. The equity turns ex-dividend as from tomorrow.
High volumes were also registered in MIDI plc with 63,400 shares changing hands at the €0.315 level (unchanged from the previous close). Likewise, HSBC Bank Malta plc held on to the €2.749 level on low volumes of 8,760 shares.
On the bond market, the Rizzo Farrugia MGS Index drifted lower for the first time in seven sessions to 1,015.500 points as Eurozone yields traded at just above 1.35%. Demand for ‘safe-haven’ bonds was sustained by concerns that the bailout model used in Cyprus, which included losses for depositors, will be applied to other Eurozone countries seeking financial aid.
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