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  • The MSE Share Index edged 0.16% lower to 4,462.256 points today as the declines registered in six equities outweighed the gains in HSBC (+0.6%) and RS2 (+0.2%). Meanwhile, 6PM and Tigne’ Mall closed the day unchanged. Trading volumes improved as nearly €0.2 million worth of shares changed hands – the highest in the last three trading sessions. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index posted its first decline in the last four days as it retreated by 0.24% to 1,146.019 points. Euro zone sovereign yields climbed (bond prices went down) possibly as a result of yesterday’s surge in the price of oil after OPEC and Russia agreed to reached an agreement to cut production. Indeed, the 10-year benchmark German Bund rose to a high of 0.322% today from a low of 0.193% yesterday. Meanwhile, fresh data showed that unemployment in the single currency area fell below the 10% mark for the first time since 2011.
  • The most actively traded equity was FIMBank plc which dropped 0.6% to a fresh near six-month low of USD0.83 after touching an intra-day low of USD0.825 (-1.2%). A total of 65,709 shares changed hands – representing nearly 26% of the total value of equities traded today.
  • Also in the banking sector, Bank of Valletta plc eased 0.4% to the €2.22 level across 18,100 shares. Last Thursday, Fitch downgraded its credit rating on BOV to “BBB”, citing pressure on the Bank’s level of capitalisation. The Bank is due to hold its Annual General Meeting on 16 December 2016 during which shareholders will be asked to approve a number of resolutions including the final dividend as well as a 1 for 13 bonus share issue.
  • Among the large companies, GO plc retreated 0.6% to the €3.22 level on light volumes whilst Malta International Airport plc closed minimally lower at €4.049 on volumes totalling 4,940 shares.
  • In the property segment, Malta Properties Company plc shed 5.0% to the €0.57 level on shallow volumes.
  • Likewise, a single deal of just 1,900 shares pulled the equity of Malita Investments plc 1.2% lower to €0.859.
  • In contrast, Tigne’ Mall plc maintained the €1.10 level across 20,000 shares.
  • 6pm Holdings plc traded for the first time in over three months. The equity closed unchanged at GBP0.80 across insignificant volumes.
  • Meanwhile, RS2 Software plc gained 0.2% to the €1.598 level across 14,815 shares.
  • HSBC Bank Malta plc continued to recover as it climbed by a further 0.6% to €1.855 on activity totalling 14,085 shares.
  • Trading in the recently issued €65 million 3.75% Premier Capital plc unsecured bonds commenced today. The price hit an intra-day high of 102.99% before closing at 101.50% on volumes totalling €78,500 (nominal).

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