During this morning’s trading session on the Borza, the share price of GO plc edged 0.6% higher to €1.62 on high volumes of 108,500 shares. Shareholders are still awaiting the publication of Forthnet’s Prospectus in connection with a €30 million rights issue. Following the publication of this document, GO’s Directors will decide whether or not to participate in this capital-raising exercise.

On the other hand, no other active equity closed higher today as the MSE Share Index slid by 0.4% to an almost 3-week low of 3,511.09 points mainly due to the further declines in the share prices of the two large banks.

HSBC Bank Malta plc shed a further 0.8% back to the €2.58 level across six trades totalling 10,160 shares. Similarly, the equity of Bank of Valletta plc retreated by 0.9% to the €2.60 level on volumes of 32,639 shares. BOV is scheduled to hold its Annual General Meeting on 19 December.

Plaza Centres plc shares also featured amongst today’s negative performers with a 1.8% drop to €0.56 across three deals totalling 65,000 shares.

Meanwhile, International Hotel Investments plc held on to the €0.775 level on just 689 shares as shareholders await further developments in respect of the sale of the twelve luxury apartments in London which is expected to be concluded in the first quarter of 2014.

Likewise, no change was registered in the share price of Tigné Mall plc as 40,000 shares traded at the €0.505 level.

On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to just below 1,022 points as Eurozone yields slipped back below the 1.75% level. This morning’s decline in the benchmark Eurozone yields was due to increased concerns related to the declining inflation rate in the region especially after oil prices dropped following the Iran nuclear deal.

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