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  • The MSE Share Index closed the day minimally lower at 4,312.410 points as activity across the equity market declined possible in view of the new bond issues currently taking place. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index extended yesterday’s decline and dropped by another 0.19% to 1,130.903 points as the 10-year German Bund yield rose to the 0.62% level ahead of a new auction of 10-year German bonds.
  • Subscriptions for the Hili Properties plc closed this morning as a result of heavy over-subscription while the offer period for the newly issued Malta Government Stocks closes this afternoon.
  • The main highlight of the day was the return to trading activity in GlobalCapital plc following the lengthy suspension of trading which was terminated on 24 September 2015. The equity of GlobalCapital shed 6.3% to the €0.75 level on weak volumes of 2,000 shares. Earlier this week GlobalCapital announced that EIP plc acquired 8.93% of the issued share capital of the Company.
  • Meanwhile, Bank of Valletta plc edged up 0.4% to the €2.36 level after failing to hold on to its intra-day high of €2.389. A total of 29,680 shares changed hands today. BOV’s annual financial statements for the year ended 30 September 2015 are expected to be published by the end of October. Recently, the Bank also announced that it lodged an application with the Listing Authority for a subordinated debt issuance programme of a maximum of €150 million over the next twelve months. Further details will be issued in the Prospectus and Final Terms once approval is granted.
  • The only other positive performer was Mapfre Middlesea plc as the equity advanced by 0.3% to the €2.12 level albeit on a single deal of just 97 shares.
  • All other active equities closed unchanged on low volumes. Simonds Farsons Cisk plc maintained its all-time high of €5.80 across 1,794 shares. Last week the Company published its interim financial results which showed that during the first half of the 2015/16 financial year, the Group registered another positive performance with profits after tax rising by 14% to €4.6 million. The interim dividend will be paid on Tuesday 20 October 2015.
  • RS2 Software plc held on to the €2.50 level on activity of 2,816 shares with new offers in the market placed at €2.49. HSBC Bank Malta plc and International Hotel Investments plc also closed unchanged at the €1.81 and €0.80 levels respectively on subdued activity.

 

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