Daily Market Highlights (23.09.14)
- The equity of GO reversed yesterday’s 1.2% drop with an equivalent €0.03 uplift to regain its 6-year high of €2.57 on low volumes of 3,250 shares. Nonetheless, this gain was offset by a number of negative performing equities forcing the MSE Share Index 0.1% lower to 3,316.784 points. Download a copy of the Equity Market Summary.
- On the bond market, the Rizzo Farrugia MGS Index moved 0.1% higher to yet another all-time high of 1,085.042 points as Eurozone yields slumped back below the 1% level on weaker-than-expected data across the region. In fact, data published this morning revealed that growth in the eurozone’s business activity and Germany’s (Europe’s largest economy) manufacturing activity slowed down in September with the latter sliding to its lowest level since June 2013. Furthermore, France’s services sector contracted this month.
- Amongst the negative performers, the share price of Bank of Valletta eased by 0.5% back to the €2.21 level on volumes of 9,143 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).
- Malta International Airport retreated by 0.4% during this morning’s session to the €2.35 level on just 3,000 shares. Similarly, the equity of RS2 Software failed to hold on to its all-time high of €2.95 as 2,800 shares changed hands at the €2.934 level representing a decline of 0.5%.
- Meanwhile, no change was registered in the share price of HSBC Bank Malta as the bank’s equity held on to €1.98 level across three trades totalling 4,277 shares. The Bank was also subjected to the Asset Quality Review conducted by the ECB with the results expected to be published by the end of October.
- Likewise, Lombard Bank Malta closed the session unchanged at the €1.649 level on volumes of over 22,000 shares.