Following last week’s 0.7% drop, the MSE Share Index closed this morning’s session a further 0.4% lower at 3,346.438 points as Bank of Valletta plc shares traded lower for the seventh successive session.

Continued selling pressure in BOV forced the equity to drop another 1.6% to close at the €3.00 level for the first time since early December 2009. Fifteen trades were executed today amounting to almost 12,100 shares. Meanwhile HSBC Bank Malta plc closed unchanged at the €2.83 level on volumes of 11,075 shares.

Lombard Bank Malta plc also eased 0.5% lower to close at the €2.885 level on a single trade of just over 1,000 shares.

On the bond market, a further €6,000 (nominal) of the 5.35% Izola Bank plc were exchanged this morning while the price of the 5.25% MGS 2030 advanced by 40 basis points to close at a new high of 103.40%. Meanwhile the allocation policy with respect to the 6.2% Tumas Investments plc 2017 – 2020 bond issue is expected to be announced shortly.

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