The MSE Share Index dropped 0.2 per cent during this morning’s session to yet another new eight-month low of 3,379.015 points amid shallow trading activity.
Bank of Valletta plc only partially recovered from an intra-day low of €2.12 to end this morning’s session at the €2.13 level representing a decline of 0.5 per cent from yesterday’s close.
Trading activity was weak with only 7,800 shares changing hands. The equity of MaltaPost plc also closed in negative territory with an 8.9 per cent drop back to the €1.02 level (the equity’s 2014 low) on a single trade of 1,041 shares.
On the other hand, the share price of International Hotel Investments plc edged 0.1 per cent higher to 80c on low volumes of 8,000 shares.
Meanwhile, no change was registered in the share price of HSBC Bank Malta plc at the €2.09 level on just 9,778 shares.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1 per cent higher to 1,040.887 points as Eurozone yields fell back to below the 1.35 per cent level on indications that the European Central Bank will inject further stimulus during next week’s monthly monetary policy meeting.
This 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 public has the opportunity of applying only in the new 4.3 per cent MGS 2033 (I) in multiples of €100 and up to a maximum of €100,000 (nominal) per application.
Subscriptions for the public open on Monday and close on Wednesday.
www.rizzofarrugia.com