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  • Local equity market in negative territory for the first time this week as the MSE Share Index eases by 0.2% to 3,063.738 points following a 1% drop in the share price of BOV. Equities of MIDI and Island Hotels also traded lower whilst MIA and GO moved higher. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 985.321 points despite a further uptick in Eurozone yields which touched a seven week high of 1.631% as Germany’s ‘safe-haven’ status weakens amidst the worsening Eurozone sovereign debt crisis. International markets awaiting this afternoon’s publication of an independent audit of Spain’s banks which should reveal the total amount needed for the Spanish banks to replenish their balance sheets.
  • Subscriptions for Malta Government Stocks by the general public closed yesterday afternoon. On the other hand, applications by tender may be lodged by noon tomorrow. Following the closure of the tender process the Treasury generally publishes the relevant statistics showing the amount raised.
  • BOV retreated by 1% to the €2.07 level across three trades totalling 5,828 shares. Other bids unsatisfied at the closing price with lowest offers at €2.089.
  • Meanwhile HSBC shares were inactive today with offers outstanding at the last closing price of €2.53 and highest bids at the €2.50 level.
  • The equity of Island Hotels eased by 0.1% to a new 18-month low of €0.849 on two small deals totalling 600 shares. Over 194,000 shares remain unsatisfied at the last traded price with highest bids in the market at the €0.70 level.
  • MIDI’s share price touched a new all-time low of €0.30 before recovering to close at the €0.33 level representing a 1.5% drop from its previous close. A total of 14,500 shares changed hands today ahead of the Company’s Annual General Meeting on 26 June.
  • On the other hand, MIA reached a new 15-month although trading activity was limited to 1,600 shares. The share price edged another 0.6% higher to the €1.78 level. Other offers are placed in the market at the last traded price with best bids at the €1.77 level.
  • GO again touched an intra-day low of €1.15 before recovering to its 2012 high of €1.18 across six deals totalling 7,720 shares. However offers are already placed below the last closing price at the €1.175 level.


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