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  • Following the recent uplift in the MSE Share Index on the back of the rebound in GO’s share price, the local equity benchmark today slipped 0.7% to a fresh 1-week low of 3,319.242 points as the share prices of the two large banks resumed their downward trend. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index registered its fifth consecutive increase with a further 0.1% increase to yet another all-time high of 1,058.297 points representing an almost 4% increase since the start of the year. This reflects this morning’s drop in Eurozone yields back to the 1.22% level on weak inflation data from China which accentuated global growth concerns following weak industrial output from the Eurozone announced earlier this week.
  • On the corporate bond market, the Prospectus in connection with the new €25 million 5% bond issue of Tumas Investments plc is now available for download from our website.
  • The share price of BOV shed 2.4% back to the €2.05 level on high volumes of 104,010 shares.
  • Similarly, HSBC lost 0.5% back to the €2.01 level across ten deals totalling just over 44,000 shares.
  • Meanwhile, following the recent 11.3% uplift in GO’s equity, the share price of the quad-play telecoms operator eased marginally lower during this morning’s session to close at the €2.22 level on volumes of 35,152 shares. GO confirmed that its Board of Directors unanimously resolved to inform Forgendo Limited (the joint-venture between GO and EITL holding the investment in Forthnet) to convert the interest free loan into additional equity of Forgendo. GO had made available this interest free loan in January 2014 to enable Forgendo to participate in Forthnet’s rights issue. Forgendo will therefore continue to be jointly held by GO and EITL.
  • The only other active equity was RS2 Software as the equity held on to the €2.45 level on high activity of 105,030 shares.

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