Daily Market Highlights (26.11.14)
- The MSE Share Index declined by 0.6% to 3,275.529 points as the four largest companies all closed in negative territory. Download a copy of the Equity Market Summary.
- On the bond market, the Rizzo Farrugia MGS Index reached a fresh all-time high, gaining 0.1% to 1,094.216 points, as Eurozone benchmark yields slipped further towards the 0.74% level as the European Central Bank issued a statement earlier on today indicating that an assessment of whether sovereign bond buying is required will be carried out during the first quarter of next year.
- Bank of Valletta plc closed 0.5% lower at the €2.23 level on total volumes of 24,450 shares across six trades. This morning the media reported out of court settlement was reached for all investors of the La Valette Property Fund who had not accepted the bank’s conditional offer of May 2011 and those investors who had complained about the mis-selling of perpetual securities by the bank. Moreover, another media article reported that Bank of Valletta chairman Mr John Cassar White “has reneged on a commitment to take the issue of full compensation for the La Valette Property Fund investors to arbitration”.
- Similarly, HSBC Bank Malta plc ended the session in negative territory with a drop of 0.8% to the €1.91 level across a total of 15,788 shares.
- The share price of International Hotel Investments plc declined by a further 2.7% to a fresh all-time low of €0.535 across two deals for a total of 5,900 shares. GO plc recovered from an intra-day low of €2.50 and closed this morning’s session at €2.54, representing a 0.4% decline from the previous closing. A total of 26,890 shares changed hands across seven deals.
- Malita Investments plc was the only equity that closed in positive territory, as a single deal of 3,000 shares pushed the price up 1.7% to a fresh all-time high of €0.61. Meanwhile, a single deal of 730,000 MIDI plc shares left the price of the property developer unchanged at the €0.21 level.