• The MSE Share Index shed 0.4% to a 1-week low of 3,389.193 points as most of the active equities during this morning’s session declined. Download a copy of the Equity Market Summary. Over the week, the local equity benchmark shed a further 0.1% largely due to the weekly declines in HSBC, MIA and FIMBank.
  • On the bond market, the Rizzo Farrugia MGS Index edged higher for the fifth time in the last six sessions with a further 0.1% increase to yet another high of 1,044.166 points as Eurozone yields dipped back to the 1.37% level. Investors favoured ‘safe-haven’ investments given the uprising across the oil-rich country of Iraq.
  • Meanwhile, the Governor of the Bank of England (BoE) yesterday indicated that a rate hike will probably happen in November 2014 – earlier than anticipated by the markets which expected the first rise in interest rates in early 2015.
  • The share price of BOV only partially recovered from an intra-day low of €2.12 to end the session 0.5% below yesterday’s close across sixteen deals totalling 39,308 shares.
  • Similarly, the share price of HSBC edged 0.5% lower on volumes of 33,000 shares.
  • A single deal of 1,400 MIA shares was transacted at the €2.22 level, representing a 1.7% drop from the previous close.
  • The only other negative performing equity was RS2 Software as the equity failed to hold on to its all-time high of €2.73 as it eased 1.1% back to the €2.701 level.
  • Meanwhile, no change was registered in the share price of FIMBank as a further 318 shares changed hands at the USD0.70 level.

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