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  • The MSE Share Index drifted 0.1% lower back to 4,154.496 points mainly due to the 2.2% drop in the share price of GO. BOV, RS2 and Tigne Mall also trended in negative territory whilst MIA, Lombard and FIMBank edged marginally higher. Meanwhile no changes in the share prices of HSBC and Medserv. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index reversed most of yesterday’s 0.5% decline as it rebounded by 0.3% to 1,125.240 points as the 10-year yield of Spain and Italy slipped back closer to the 1.9% level.
  • Last week, 6pm Holdings plc published a Prospectus dated 8 July 2015 in connection with a new €13 million bond issue. The 6pm bonds are reserved for shareholders as at the close of trading on 4 June 2015.
  • The share price of GO plc dropped by 2.2% back to the €3.50 level across fifteen deals totalling 26,807 shares. This morning, GO announced that its major shareholder, Emirates International Telecommunications (Malta) Limited, informed the Board of Directors of its intention to sell its 60% stake in GO in the short-term. This announcement follows yesterday’s Extraordinary General Meeting (EGM) during which shareholders approved all the items on the agenda in connection with the proposed spin-off of the Group’s property subsidiary into a separate publically listed entity.
  • The share price of Bank of Valletta plc also eased lower with a 0.4% decline back to the €2.271 level on volumes of 14,732 shares.
  • Similarly, the equity of RS2 software plc eased marginally lower to €2.25 across a single deal of 2,150 shares.
  • Shallow volumes were traded in Tigné Mall plc with the price dropping by 0.6% to €0.865 on a trade of only 1,000 shares.
  • On the other hand, the share price of Malta International Airport plc advanced by 0.7% to yet another all-time high of €3.655 albeit on low volumes of 6,692 shares. The airport operator this afternoon revealed that passenger movements during the first six months of 2015 grew by 6.9% to just below 1.99 million. MIA also revealed that given the strong performance during the first six months coupled with expectations of a strong summer and the new routes expected to be deployed in the winter season, it is revising upwards its passenger growth forecast for the year to +4.6% compared to the initial forecast of +2%. As a result, passenger movements at MIA are expected to reach 4.5 million in 2015.
  • Lombard Bank Malta plc increased to a fresh 2015 high of €1.92 across 5,051 shares.
  • Also in the financial sector, the share price of FIMBank plc rebounded by 4.2% during this morning’s session to recapture the USD0.47 level on a single trade of 3,000 shares.
  • Meanwhile, HSBC Bank Malta plc maintaind the €1.84 level after the equity rebounded from an intra-day low of €1.815 on total volumes of 16,830 shares.
  • Likewise, the equity of Medserv plc closed this morning’s session unchanged at the €2.355 level across 2,000 shares.

 

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