Daily Market Highlights (27.11.14)
- Given the rebound in the share prices of the two large banks, the MSE Share Index edged 0.5% to 3,291.968 points. Download a copy of the Equity Market Summary.
- On the bond market, the Rizzo Farrugia MGS Index gained a further 0.1% to touch a new all-time high of 1,095.053 points as Eurozone benchmark yields remained under pressure reached amid speculation that the slowing inflation will prompt the European Central Bank to extend its asset-purchase program to include sovereign bonds. In fact, by this afternoon, the benchmark 10-year Eurozone yields slipped back to a fresh record low of 0.7%.
- During this morning’s trading session, HSBC Bank Malta plc edged 1.8% higher to regain the €1.945 level albeit on shallow volumes of 2,010 shares which were traded across 2 deals. Similarly, Bank of Valletta plc gained 0.5% to close at the €2.24 level on total volumes of 12,818 shares transacted across 6 deals. Shareholders of the Bank should have received a copy of the 2014 Annual Report in anticipation of the Annual General Meeting (AGM) scheduled to be held on 17 December.
- Meanwhile, the remaining active equities closed unchanged. A single deal of 4,100 shares in International Hotel Investments plc was transacted at the equity’s all-time low of €0.535.
- Likewise, MIDI plc continued to trade at its all-time low of €0.21 price across a total of 110,000 shares which changed hands across 2 deals.
- Similarly, 6PM Holdings plc traded unchanged at the GBP0.70 level in a single deal of 22,000 shares.