The equities of the two large banks reversed yesterday's declines on fresh demand for these shares helping the MSE Share Index close 0.3% higher at 3,008.860 points.

Bank of Valletta plc advanced by 0.9% to regain the €2.20 level on increased volumes of 28,264 shares.

Similarly, HSBC Bank Malta plc's share price rose 0.6% to the €2.60 level across 12 trades totalling 12,124 shares.

HSBC's equity is still trading with the entitlement to the recently recommended final gross dividend of 7c2 per share. This equity turns ex-dividend as from March 14.

The only other active equity, Simonds Farsons Cisk plc, eased 1.7% lower to €1.72 across three trades totalling 1,724 shares.

On the bond market, the Rizzo Farrugia MGS Index eased minimally lower to 988.605 points following marginal reductions in the bid prices of Malta Government Stocks by the Central Bank of Malta.

This morning the European Central Bank (ECB) announced the results of its second liquidity injection in just two months to counter the lack of liquidity in the wholesale market and ease tensions in the region's bond market.

Following the €489 billion borrowed in December, over 520 European institutions were today allotted a record €529.5 billion in three-year loans.

Locally, Corinthia Finance plc this morning published the prospectus in conjunction with the new €7.5 million 6% bond maturing between 2019 and 2022 following approval by the listing authority on Monday.

Copies of the Prospectus are available at -

http://rizzofarrugia.com/news-events/2012/details-of-new-bond-issue-cfc03/

www.rizzofarrugia.com

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.