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  • The MSE Share Index shed 1% during this morning’s session to a new 3-week low of 3,435.174 points mainly due to the declines in BOV and IHI which also offset the increases in the share prices of GO, Farsons, MIDI and Crimsonwing. Meanwhile, HSBC, RS2 and FIMBank ended the session unchanged. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged higher for the fifth time in the last six sessions to a 3-week high of 1,020.690 points in line with the continued decline in Eurozone yields back to the 1.75% level (also the lowest in the last three weeks). Yields have been under pressure following disappointing data across the US and Eurozone which in turn supported the idea of further stimulus measures by the respective central banks.
  • The Treasury of Malta this afternoon announced the prices of the new Malta Government Stocks. The 3% MGS 2019 is being issued at 103.75% giving a yield to maturity of 2.31% per annum with the 4.65% MGS 2032 priced at 100.25% giving a yield to maturity of 4.63% per annum. Subscriptions from retail investors will be accepted until Wednesday 30 October at 17.00 hours.
  • Today’s decline in the MSE Share Index was mainly due to the 6.3% decline in IHI to €0.75 (just above its 2013 low of €0.74) on low volumes of 4,087 shares. In the Prospectus published this week in connection with a new €10 million bond issue, it was revealed that the sale of the twelve London apartments is now only expected to take place in 2014.
  • The local share Index was also dragged lower by the 0.4% decline in the share price of BOV to €2.51 also on shallow volumes of almost 2,000 shares. Next Thursday 31 October, BOV will be issuing its September 2013 full-year financial statements and the Board will also recommend the payment of a final dividend for approval by shareholders at the forthcoming Annual General Meeting in December.
  • On the other hand, GO moved marginally higher to €1.455 on a small deal of 1,360 shares.
  • Likewise, Simonds Farsons Cisk inched minimally higher to €2.80 across 7,000 shares.
  • Similarly, Crimsonwing reversed yesterday’s 0.6% drop with an equivalent increase during this morning’s session to regain the €0.845 level across 20,000 shares.
  • The share price of MIDI advanced by a further 2% to €0.255 on high volumes of 282,500 shares. Reports in the media published earlier this week revealed that the company has experienced a strong interest in the 39 apartments situated in the new Q1 block with almost three quarters of the apartments already reserved.
  • Meanwhile, in the financial sector, HSBC held on to the €2.63 level on a deal of 1,000 shares.
  • FIMBank maintained the US$0.945 on volumes of 1,100 shares.
  • The only other active equity was RS2 Software with 2,000 shares changing hands at the equity’s all-time high of €2.10 across two deals.

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