• Declines in the share prices of HSBC and GO dragged the MSE Share Index to a new 14-month low. The local equity benchmark slid 0.3% back to 3,323.439 points as the aforementioned declines also offset the increases in the share prices of BOV, MIA and Tigne. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index jumped 0.2% to yet another fresh all-time high of 1,054.048 points as Eurozone yields slumped back to the 1.257% in view of the tensions in Ukraine and Iraq which could derail the recovery of the global economy.
  • Yesterday afternoon, Tumas Investments plc announced that it will be redeeming its €25 million 6.25% bonds early in 2014. The announcement also revealed that Tumas Investments will be issuing a new bond which will primarily be offered to the existing bondholders of the bonds to be redeemed in exchange for their existing holding.
  • The equity of HSBC slumped 1.9% to yet another 5-year low of €2.001 on low volumes of 6,850 shares.
  • Similarly, the share price of GO closed 0.5% lower at €2.04 after failing to hold on to an intra-day high of €2.08 across 2,400 shares.
  • On the other hand, the share price of BOV edged 0.5% higher to €2.09 on volumes of 15,500 shares.
  • Similarly, the equity of MIA inched 1.1% higher to €2.30 on a small deal of 1,000 shares.
  • The only other active equity was Tigné Mall with a 1.8% increase to €0.52 on a single trade of 5,000 shares.
  • This afternoon, Crimsonwing announced that its Board of Directors will seek the authorisation of shareholders during the next Annual General Meeting allowing them to provide the required information to a number of potential bidders interest in acquiring the company.

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