• The MSE Share Index shed a further 0.3% to 3,382.748 points as most of the active equities closed lower. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index eased marginally to 1,039.215 points as the decline in the long-dated MGS offset the gains across the medium term issues.
  • On Thursday afternoon, the Treasury of Malta is expected to publish the offer price of the new fixed-rate Malta Government Stock. A total aggregate amount of €100 million subject to an over-allotment option of up to a further €80 million is being offered across a fixed-rate stock and a floating rate stock. The General Public has the opportunity of applying only in the new 4.3% MGS 2033 (I) in multiples of €100 and up to a maximum of €100,000 (nominal) per application. Subscriptions open on Monday 2 June and close on Wednesday 4 June for the General Public.
  • The equity of Malita Investments plc maintained its all-time high of €0.55 on high trading activity of 250,000 shares. In its recent announcement, Malita stated that its performance during the first 4 months of 2014 remained in line with the forecasts published in the IPO Prospectus. The Directors explained that the company’s financial performance for the financial year ending 31 December 2014 is expected to be within that projected for the period of a net profit of €4.8 million.
  • The share price of Bank of Valletta plc dropped by 0.5% to 2.12 on lower volumes of 4,748 shares.
  • HSBC Bank Malta plc was the only positive performer of the day with a minimal increase to €2.091 across 5,200 shares.
  • Also in the banking sector, the US Dollar denominated equity of FIMBank plc dropped 2.6% to USD0.75 on volumes of 18,500 shares. Yesterday afternoon, FIMBank announced the terms of the upcoming USD50 million rights issue. FIMBank confirmed that it submitted an application to the Listing Authority requesting the admissibility to listing of 77,009,494 new ordinary shares of a nominal value of USD0.50 per share which will be available for subscription by those shareholders as at the close of trading on Friday 16 May. Shareholders will be offered the opportunity to acquire 16 new shares for every 41 existing shares at an offer price of USD0.65 per share.
  • Malta International Airport plc suffered a 1.75% decline in its share price to €2.24 on low volumes of 4,000 shares.
  • The equity of Tigne Mall plc eased 1% lower to €0.52 on a single deal of only 1,000 shares.

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