During this morning’s trading session of the Malta Stock Exchange, the MSE Share Index slumped 0.4% to a fresh 8-month low of 3,393.516 points as most of the large caps closed lower. The share price of Bank of Valletta plc slipped by 0.9% back to the €2.13 level on volumes of just over 38,800 shares. Similarly, HSBC Bank Malta plc shed 0.9% to the €2.09 level across 14,565 shares.
Furthermore, the equity of International Hotel Investments plc ended the session 0.1% lower at €0.799 after almost completely recovering from an intra-day low of €0.767. A total of 11,000 shares changed hands today. GO plc shares also closed in negative territory with a 0.5% drop to €1.94 on low volumes of 3,752 shares.
The only other negative performing was MIDI plc with a 0.4% drop to €0.24 on significant volumes of 1,029,500 shares.
On the other hand, the equity of RS2 Software plc advanced to a new all-time high of €2.43 across 22,394 shares. Similarly, the share price of Middlesea Insurance plc edged 2.1% higher to regain the €0.939 on low volumes of 4,000 shares.
Meanwhile, no changes was registered in the share price of Malita Investments plc as a further 10,000 shares changed hands at the equity’s all-time high of €0.55 on a single trade. Likewise, Medserv plc held on to the €1.30 level on low volumes of 2,000 shares. In the IT sector, Crimsonwing plc maintained the €0.86 level across 57,000 shares. Crimsonwing is shortly expected to publish its March 2014 full-year results. The only other active equity was Simonds Farsons Cisk plc as it held on to the €3.00 level on just 993 shares.
On the bond market, the Rizzo Farrugia MGS Index was relatively unchanged at 1,039.336 points as Eurozone yields remained just above the 1.40% level.
On Thursday afternoon, the Treasury of Malta is expected to publish the offer price of the new fixed-rate Malta Government Stock. A total aggregate amount of €100 million subject to an over-allotment option of up to a further €80 million is being offered across a fixed-rate stock and a floating rate stock. The General Public has the opportunity of applying only in the new 4.3% MGS 2033 (I) in multiples of €100 and up to a maximum of €100,000 (nominal) per application. Subscriptions open on Monday 2 June and close on Wednesday 4 June for the General Public.
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