Following the high volumes traded in GO plc shares during yesterday's session of the stock exchange, trading activity remained strong today with a further 100,750 GO shares changing hands.
The share price of the telecoms operator was unchanged at the €0.85 level for most of the session before edging 1.2% higher to €0.86. The market await the Board's decision on whether or not GO will be participating in Forthnet's €30 million rights issue.
Shallow volumes were registered elsewhere in the local equity market with the share price of Bank of Valletta plc easing 0.2% lower to €2.285 across 475 shares. Meanwhile HSBC Bank Malta plc held on to the €2.73 level on volumes of 4,900 shares.
The only other active equity today was FIMBank plc as a single deal of 6,250 shares was struck at the US$0.80 level, unchanged from the previous close.
On the bond market, the Rizzo Farrugia MGS Index again dipped marginally lower to 995.023 points as Eurozone yields rallied this morning to hit an intra-day high of 1.65%. This follows the ruling by Germany's constitutional court which ratified the country's participation in Europe's permanent bailout fund. However, the court limited Germany's participation to €190 billion and any increases to this limit would have to be approved by the German Parliament. The decision also eased the yields on Italian and Spanish sovereign paper to 5% and 5.5% respectively. Moreover, the euro rallied across all major currencies particularly the US Dollar as it touched a new four-month high of USD1.2907.
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