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  • The MSE Share Index reversed some of yesterday’s losses as it advanced by 0.03% to 4,442.789 points. Most of today’s trading activity (totalling €0.25 million) took place in the equity of FIMBank plc. The US Dollar denominated equity of FIMBank gained 2.4% to the USD0.84 level across 255,800 shares – representing nearly 75% of today’s total value of equities traded. Download a copy of today’s Equity Market Summary.
  • On the bond market, the RF MGS Index trended higher for the fifth consecutive time as it gained a further 0.04% to 1,153.778 points – the highest level since mid-April. The 10-year benchmark German Bund yield hit a fresh record low for the third consecutive day today as it briefly touched the 0.02% level possibly on heightened Brexit fears. On the economic front, data concerning German consumer price inflation showed a 0.3% gain month-on-month in May following a 0.4% drop in April. Year-on-year, German consumer prices rose by just 0.1% – far below the 2.0% inflationary target of the European Central Bank.
  • In contrast, Lombard Bank Malta plc fell by 4.8% to €2.00 across insignificant volumes totalling just 601 shares – its lowest level since late July 2015.
  • Santumas Shareholdings plc retreated by 1.3% to the €2.35 level on trivial volumes.
  • Meanwhile, Bank of Valletta plc (13,168 shares) and HSBC Bank Malta plc (5,000 shares) maintained the €2.20 and €1.60 levels. The Directors of HSBC are scheduled to meet on 3 August in order to consider and approve the interim financial results for the period ending 30 June 2016. During the same meeting, the Directors will also consider the declaration of an interim dividend.
  • Also among the large companies, a single deal of 8,000 shares left the equity of International Hotel Investments plc at the €0.649 level. 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.
  • MaltaPost plc held on to its 2016 low of €1.80 across 7,832 shares.
  • Similarly, MIDI plc and Mapfre Middlesea plc also traded unchanged at €0.38 and €2.20 respectively. In an Interim Directors’ Statement issued recently, MIDI explained the latest developments with respect to the Manoel Island project.

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