• The MSE Share Index trended higher for the fifth successive session as it gained 0.36% during today’s trading session on the Borza, despite the declining volumes with only €46,783 worth of shares changing hands today. The equities of BOV and GO trended higher whilst Malita shares slipped lower. Meanwhile, the four other active equities ended the session unchanged. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index again marginally retreated to 1,059.036 points although Eurozone yields slipped back closer to the 1.15% level. Yesterday’s rebound in the benchmark 10-year German Bund yields was short-lived as demand for ‘safe-haven’ assets was once again spurred by the escalating conflict between Ukraine and Russia, which is leading to the imposition of further sanctions on Russia and similar retaliation from the latter. Markets are also concerned with the on-going fighting in the Gaza strip.
  • Tomorrow afternoon, the Treasury is expected to publish the prices of the new Malta Government Stock. The Treasury will be offering a total of €180 million across two stocks, namely, 2.0% MGS 2020 (V) and 4.1% MGS 2034 (I). Subscriptions subsequently open on Monday and close on Wednesday 30 July at 17.00 hours.
  • BOV has yet again registered an increase in its closing price with a further 1.1% increase to regain the €2.12 level across 5 deals totalling 7,150 shares.
  • GO’s share price also closed higher today, as 5,000 shares of the telecoms equity were traded across 3 deals, and the share price edged 1.7% higher to the €2.34 level.
  • On the other hand, a trade of 10,000 shares of Malita Investments was transacted at the €0.54 level representing a 3.6% drop from the previous closing price.
  • Meanwhile, four trades for a total of 3,449 HSBC shares were exchanged at yesterday’s closing price of €2.099.
  • Similarly, the shares of FIMBank traded at an unchanged price level of US$0.748, across 2,107 shares.
  • Single trades of 2,000 shares each for MIA and Island Hotels Group left their respective prices unchanged at the €2.30 and €0.82 level.

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