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  • The MSE Share Index lost some of the gains of the past two trading sessions as it retreated by 0.04% to 4,441.671 points today on subdued volumes as just over €123,000 worth of shares traded – the lowest level of activity in over two weeks. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index trended higher for the fourth consecutive time as it gained 0.11% to 1,153.310 points (the highest level in over seven weeks). The 10-year benchmark German Bund yield hit another record low today as it briefly touched the 0.032% level.
  • Today’s decline in the local equity index reflected the drop in the share prices of MIDI plc and Mapfre Middlesea plc which retreated by 1.0% and 0.5% to €0.38 and €2.20 respectively on trivial volumes. In an Interim Directors’ Statement issued recently, MIDI explained the latest developments with respect to the Manoel Island project.
  • All other active equities closed unchanged today. In the retail banking sector, Bank of Valletta plc (18,025 shares) and HSBC Bank Malta plc (19,242 shares) maintained the €2.20 and €1.60 levels respectively. The equity of BOV briefly dipped below the €2.20 level and touched an intra-day low of €2.195 – the lowest level since mid-January 2016.
  • GO plc managed to rebound from an intra-day low of €2.88 to close unchanged at the €2.90 level across 10,000 shares. Last week, GO replicated an announcement issued by Tunisie Télécom which confirmed its intention to proceed with a voluntary offer to all shareholders of GO at the price of €2.87 per share. Tunisie Télécom revealed that it intends maintaining GO’s current status as a publicly listed company with its shares listed on the MSE.
  • Malta International Airport plc retained the €4.30 level across 4,500 shares. On Friday, MIA published the May traffic results revealing a further 7.8% increase in passenger movements to a record (for the month of May) of 476,575 – representing the 50th consecutive month of passenger growth. Overall, during the first five months of the year, MIA handled a record of 1.69 million passenger movements – an increase of 10.8% over the corresponding period last year.
  • A single deal of just 1,150 shares left the equity of RS2 Software plc unchanged at the €3.489 level. RS2 is due to hold its AGM on 23 June during which shareholders will be asked to approve a number of resolutions including a 5 for 3 share split (cut-off date: 30 June).
  • This morning, International Hotel Investments plc held its Annual General Meeting during which shareholders approved all the items on the agenda. On Tuesday, IHI announced that its subsidiary company CHI Limited signed an agreement with Meydan Group based in the United Arab Emirates for the provision of technical services as well as for the management of a luxury beachfront resort under construction in Dubai.
  • GlobalCapital plc announced that it received applications in excess of the €10 million on offer for the new 5.0% unsecured bonds maturing in 2021. The company also revealed that payment of both capital and interest in respect of the matured 5.6% bonds has been dispatched to bondholders.

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