• The MSE Share Index trended higher for the sixth consecutive session with a further 0.1% increase to an almost 3-year high of 3,562.261 points on the back of increases in the share prices of BOV, GO and Tigné Mall. Download a copy of the Equity Market Summary. Over the week, the local equity benchmark moved 0.6% higher mainly due to the gains in the equities of the two large banks. Significant volumes of just over €2.23 million traded this week, representing the highest weekly volumes since early February 2011.
  • On the bond market, the Rizzo Farrugia MGS Index edged 0.1% lower to 1,017.359 points in line with the jump in the benchmark 10-year Eurozone yields to afresh 7-week high of 1.87%. Yields have risen sharply over the past few days as positive economic data renewed fears that the US Federal Reserve will start tapering its stimulus measures as from December.
  • During this morning’s trading session, the share price of BOV inched minimally higher to close at the €2.625 level on low volumes of 8,400 shares. The Bank is scheduled to hold its Annual General Meeting on 19 December.
  • Similarly, GO’s equity edged 0.3% higher to regain the €1.67 level (just below its 2013 high of €1.68) as investors await the Board’s decision on whether to participate or otherwise in the upcoming €30 million rights issue of Forthnet. A total of 24,645 shares changed hands across four deals.
  • The only other positive performing equity was Tigné Mall with a 1% increase to the €0.51 level on a single trade of 2,000 shares.
  • Meanwhile no changes in the share price of MIDI as a further 83,667 shares were traded at the €0.27 level.
  • Likewise, the equity of Crimsonwing ended the session unchanged at the €0.86 level across three trades totalling 112,000 shares.

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