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  • The MSE Share Index closed minimally lower at 3,304.165 points, as the 4.1% drop in the share price of International Hotel Investments plc offset the gains in 3 other equities. Download a copy of the Equity Market Summary.
  • The Rizzo Farrugia MGS Index edged up to a new record of 1,065.985 points as the Central Bank increased the bid prices of all medium and long-term government stocks. Meanwhile, Eurozone yields maintained the 1.06% level (close to the record lows registered earlier on this month), as safe haven bonds remained sought after despite the weak economic data in Germany.
  • No trades took place in the new 2% MGS 2020 (V) which was admitted to the Official List yesterday. The indicative bid price quoted by the Central Bank of 102.44% represents a premium of 69 basis points from the recent issue price of 101.75%. Meanwhile, the Treasury has not yet disclosed the date of any refunds to applicants and the listing date of the 4.1% MGS 2034 (I).
  • IHI’s share price retreated back to its July low of €0.70 on activity amounting to 28,657 shares. IHI has yet to announce the date of publication of its interim financial statements as at 30 June 2014.
  • The share price of the 2 large-cap banks both closed higher. HSBC Bank Malta plc advanced by 1.6% to regain the €1.95 level despite trading ex-dividend on volumes amounting to 16,500 shares. Meanwhile, Bank of Valletta plc closed minimally higher at €2.11 on higher activity amounting to 46,000 shares with substantial support maintained at the €2.10 level.
  • The other positive performer of the day was GO plc with a 0.4% increase to the €2.38 level on low volumes amounting to 5,400 shares. The telecoms group this morning reported an improved performance during the first 6 months of 2014, largely as a result of an increased client-base despite the competitive market environment. GO’s operating profit (before exceptional items) amounted to €11.8 million, an increase of 13.3% over the comparable period in 2013. Pre-tax profits of €8.5 million represent an increase of 3.1% over the first half of 2013.
  • Meanwhile, 6PM Holdings plc continued to maintain the GBP0.735 level as a further 25,000 shares were exchanged earlier on this morning. Last week, 6pm published its interim results showing a strong increase in profits during the first six months.

 

 

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