The share price of International Hotel Investments was the only negative performer of the day as a single trade of 25,000 shares was executed at the 59c5 level, representing a 0.8 per cent decline from its previous close and a new all-time low for the equity.
Meanwhile, four other equities closed higher helping the MSE Share Index rise by 0.4 per cent to 3,317.108 points.
Following the recent declines, the share prices of the two large banks partly recovered but trading activity remained weak as investors await the publication of the results of the Asset Quality Review by the European Central Bank later on this month. Bank of Valletta gained 1.4 per cent to the €2.23 level and HSBC Bank Malta edged 0.5 per cent higher to €1.93.
Medserv also had a positive session today, gaining 1.5 per cent to close at €1.32 across five deals for a total of 49,600 shares. Similarly, Tigne Mall edged one per cent higher to regain the 52c5 level on volumes of 12,240 shares.
Meanwhile, the equities of Middlesea Insurance and 6PM Holdings held on to their previous levels of 87c and 72p respectively. Activity in Middlesea shares remained very weak while a further 40,000 shares traded in 6pm.
Similarly, the share price of Go plc closed unchanged at the multi-year high of €2.68 across 2,000 shares and Malta International Airport maintained the €2.34 level on higher volumes amounting to 45,455 shares.
On the bond market, once again the Rizzo Farrugia MGS Index rose at an all-time high (up 0.2 per cent to 1,092.723 points) as eurozone yields dropped to new lows of 0.794 per cent over worries of a deteriorating Eurozone outlook following yesterday’s surveys suggesting that Germany might be heading into another recession.
Moreover, the international credit rating agency Fitch placed France's AA+ rating on negative watch yesterday evening.
Yesterday the Treasury announced the issue of two new institutional tranches of Malta Government Stocks for a total aggregate amount of €40 million with an over-allotment option of a further €35 million which are only available through an auction process for a minimum of €250,000 per application and in multiples of €50,000.
Applications in the form of sealed bids will be accepted until noon on October 24.
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