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  • Last Friday’s rebound in the MSE Share Index was short lived as the local equity benchmark shed 0.2% to 3,318.803 points as a result of declines in the share prices of BOV and GO. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index moved 0.2% higher to yet another all-time high of 1,083.928 points as Eurozone yields slumped back to the 1.02% level on the back of hopes of bolder stimulus measures by the European Central Bank (ECB). Furthermore, demand for ‘safe-haven’ paper increased this morning on expectations of weaker-than-expected data from China with some analysts even anticipating a contraction in the country’s manufacturing sector.
  • BOV’s equity failed to hold on to an intra-day high of €2.23 as it ended this morning’s session 0.2% lower at the €2.225 on high volumes of 104,462 shares. Next week marks the end of the Group’s financial year with the preliminary results generally published by the end of October. This year the publication of the financial statements will also coincide with the publication of the Asset Quality Review (AQR) review results being conducted by the European Central Bank (ECB).
  • GO also closed in negative territory with a drop of 1.2% back to the €2.54 level on a single trade of only 1,100 shares.
  • Meanwhile, MIDI shares momentarily touched the €0.24 level before easing back to its 2014 low of €0.23 across 15,014 shares.
  • The share price of GlobalCapital (active only for the sixth time this year) also maintained the €0.80 level on a small trade of 192 shares.

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