Trading volumes on the local equity market dwindled to a two-week low as only €72,689 worth of shares changed hands during this morning’s session with the share index easing by a further 0.1 per cent 3,355.643 points.
Today’s decline in the local equity benchmark was due to the 4.4 per cent drop in the share price of Midi to a fresh all-time low of 22c on a single trade of 2,500 shares.
On the other hand, the equity of Lombard Bank edged 0.6 per cent higher to regain the €1.72 level also on shallow volumes of 10,500 shares.
Meanwhile, the other active equities ended this morning’s session unchanged.
In the banking sector, Bank of Valletta held on to the €2.24,9 level across 17,125 shares and a further 5,000 HSBC shares traded at the €2 level.
Investors now await the publication of the European Central Bank’s asset quality review on Sunday and subsequently the preliminary full-year results of BOV on October 31.
Similarly, no change was recorded in the share price of FIMBank at the 60cUS level on total volumes of 10,203 shares.
The only other active equity was International Hotel Investments as a further 1,172 shares changed hands across one deal at the 60c level (just above its all-time low of 59c5).
On the bond market, the Rizzo Farrugia MGS Index eased 0.1 per cent lower to 1,092.802 points as Eurozone yields moved closer to the 0.89 per cent level on better-than-expected figures related to business activity in the Eurozone and China.
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