The share index rebounded slightly to 4,415.901 points (+0.04 per cent) today as the positive performance of five equities outweighed the declines of IHI and Tigne’ Mall. Trading volumes remained on the low side as €200,000 worth of shares changed hands.

Among the large companies by market capitalisation, the equities of Malta International Airport (500 shares) and GO (9,337 shares) climbed one per cent and 0.2 per cent to €4.25 and €3.08,5 respectively.

The top performers were two equities within the property sector. MIDI advanced by 3.7 per cent to 36c3 on activity of 50,000 shares and the share price of Malta Properties Company rose by 2.7 per cent to the 57c5 level across 40,627 shares. The latter is the best performing equity since the start of the new year with a gain of 13.9 per cent.

RS2 Software also finished higher as it advanced by 1.9 per cent to the €3.26 level across 2,417 shares.

On the other hand, International Hotel Investments extended yesterday’s decline by a further 2.8 per cent to the 70c level across 31,798 shares.

A single deal totalling just 2,000 shares pulled the equity of Tigne’ Mall one per cent lower to the 95c level.

Meanwhile, in the banking sector, Bank of Valletta maintained the €2.35 level across 26,895 shares and HSBC closed again at the €1.73,1 level on activity of 17,706 shares. The equity of BOV will turn ex-bonus as from tomorrow.

Investors have until Friday to participate in Medserv intermediaries’ offers. These comprise a €30 million bond issue and the rights not taken up by the company’s two largest shareholders totalling 6.375 million shares.

On the bond market, the RF MGS Index registered its fourth consecutive negative performance as it eased marginally lower to 1,133.143 points despite a broad upturn in the prices of euro zone sovereign papers.

In fact, the yield of the benchmark 10-year German Bund retracted to the 0.54 per cent level from 0.57 per cent yesterday.

www.rizzofarrugia.com

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