• After being dragged below the 3,500 point mark last week by the 11.8% drop in the share price of IHI, the MSE Share Index has trended in positive territory during the subsequent four sessions to regain this level today with a 0.2% rise to 3,502.318 points. Today’s positive performers included BOV, MIA, RS2, MaltaPost and Malita. On the other hand, HSBC ended the session unchanged whilst MIDI slipped minimally lower. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index moved 0.2% higher to 1,019.987 points reflecting yesterday’s afternoon rally in Eurozone yields to just below the 1.75% level following the publication of disappointing growth data across the eurozone. This morning, yields only partially reversed this trend as they retreated to the 1.73% on continued speculation of further stimulus from the European central Bank (ECB) which is scheduled to hold a monetary policy meeting tomorrow.
  • New bids lifted the equity of BOV back into positive territory today. Its share price touched a fresh five and a half year high of €2.61 before easing marginally lower to still end this morning’s session at the €2.60 level representing a 0.8% increase from the previous closing price. A total of 31,910 shares were exchanged across twenty three trades. The equity of BOV will trade with the entitlement to the final dividend of €0.13 per share until Thursday 14 November.
  • Similarly, MIA touched a new all-time high of €2.12 before easing back to end the session at the €2.10 level representing a minimal increase over the previous closing price across fifteen deals totaling 58,988 shares. The airport operator is expected to publish its October traffic results in the coming days.
  • Further bids also lifted the share price of RS2 Software to yet another all-time high of €2.30 across three deals totaling 11,900 shares.
  • Likewise the share price of Malita Investments inched minimally higher to a new high of €0.531 on a single deal of 4,000 shares.
  • The share price of MaltaPost also edged 0.9% higher to regain the €1.10 level (just below the equity’s all-time high of €1.105) on volumes of 22,983 shares. The postal operator generally publishes its preliminary full-year results (for the year ended 30 September) by early December.
  • Meanwhile, HSBC held on to the €2.65 level on volumes of 13,760 shares.
  • On the other hand, MIDI slipped 2% lower to €0.25 on very shallow activity of 1,300 shares.

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