During this morning’s trading session on the stock exchange, the MSE Share Index added a further 0.2% reaching a fresh 3-year high of 3,718.691 points as most of the active equities closed in positive territory.
Most notably, the equities of Bank of Valletta plc and GO plc remained well supported with both equities advancing for the fourth consecutive session. The share price of BOV edged another 0.4% higher to regain the €2.49 level across twenty deals totalling 19,295 shares. Similarly, the equity of GO gained 1.5% to yet another 44-month high of €2.06 on volumes of 19,605 shares.
MIDI plc shares also reached a new 10-month high of €0.31 after rising by 4.4% during this morning’s session amid high volumes of 183,000 shares.
In the IT sector, RS2 Software plc inched minimally higher to €2.35 across six deals totalling 14,533 shares. Lighter volumes were transacted in the other three positive performing equities. Malta International Airport plc inched 0.5% higher to regain the €2.18 level across 5,333 shares with Middlesea Insurance plc up 2% higher to €1.00 and Simonds Farsons Cisk plc rising by 0.3% to a fresh all-time high of €2.96 on a single deal of 550 shares.
On the other hand, FIMBank plc slipped 2.1% back to the US$0.93 level on a single trade of 5,000 shares. The share price of Lombard Bank Malta plc also declined by 2.6% to the €1.85 level on volumes of 18,398 shares.
Meanwhile, HSBC Bank Malta plc closed unchanged at the €2.60 level on volumes of 20,528 shares. Similarly, in the property market, Plaza Centres plc held on to the €0.57 level on a deal of 1,425 shares and Tigne Mall plc maintained the €0.515 level across 10,000 shares.
On the bond market, the Rizzo Farrugia MGS Index continued to inch lower with the fourth consecutive marginal decline to 1,025.306 points despite a drop in Eurozone yields back to the 1.68% level after Benoit Coeure (an executive member of the European Central Bank) stated that the ECB is seriously considering pushing overnight deposit rates into negative territory. This should further help the flow of liquidity across the Eurozone nations.
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