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  • For the first time in three sessions, the MSE Share Index trended in negative territory with a 0.5% drop back to 4,119.265 points largely due to the declines in the share prices of Bank of Valletta plc and International Hotel Investments plc. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 1,115.369 points reflecting further declines in peripheral eurozone yields. Meanwhile, investors are now awaiting the submission of fresh proposals by Greece in connection with its fresh request for financial aid. The proposals will be first assessed by the European Commission (in conjunction with the European Central Bank) and then have to be approved by the region’s finance ministers before being rubber-stamped by eurozone leaders during the scheduled summit this Sunday.
  • Elsewhere, Mediterranean Investments Holding plc last week published a Prospectus in connection with a new €20 million bond at a coupon of 5.5% maturing in 2020. The bond is earmarked to finance the redemption of the maturing 7.5% bonds. Moreover, 6pm Holdings plc this morning announced that it was granted approval to issue €13 million in unsecured bonds redeemable in 2025 at a coupon of 5.1% per annum. The company will be granting preference to shareholders and application forms to the qualifying shareholders will be mailed next Tuesday 14 July 2015.
  • The share price of Bank of Valletta plc shed 2.5% back to the €2.28 level across nineteen deals totalling 52,389 shares.
  • Similarly, the equity of International Hotel Investments plc eased 0.6% lower back to the €0.855 level on a single deal of 20,000 shares.
  • The only other negative performing equity was Lombard Bank Malta plc with a 0.1% drop to €1.82 on shallow volumes of 2,940 shares.
  • On the other hand, continued support for the equity of RS2 Software plc lifted its share price by a further 0.7% to reach yet another all-time high of €2.215 across elven deals of just over 40,000 shares.
  • Amongst the large cap equities, GO plc’s share price edged up a further 0.3% to yet another 9-year high of €3.52 across nine trades totalling 38,715 shares. GO will be holding an Extraordinary General Meeting on 22 July.
  • Similarly, the equity of Malta International Airport plc trended in positive territory as it continued to rebound from recent declines with a 1.5% uplift to recapture the €3.45 level across 5,000 shares. MIA’s interim results will be published on 29 July.
  • Likewise, the share price of Malita Investments plc reversed recent declines with a 1.1% increase to regain the €0.90 level on volumes of 50,000 shares.
  • HSBC Bank Malta plc edged minimally higher to €1.80 on volumes of 26,377 shares.
  • On the alternative list, Loqus Holdings plc inched minimally higher to €0.121 on a small trade of 600 shares.

 

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