Banking equities lift the MSE Share Index

Increases in the share prices of Bank of Valletta plc and HSBC Bank Malta plc helped the MSE Share Index move back into positive territory and regain the 3,700 points level despite the drop in volumes traded. In fact, the local equity benchmark edged 0.2% higher to 3,701.619 points as the gains in the large bank’s equities offset the decline in the share price of Malta International Airport plc (MIA).

The share price of BOV edged 0.6% higher to €2.495 on low volumes of 1,842 shares. Similarly, the equity of HSBC moved 0.7% higher to regain the €2.48 on just 5,500 shares. The Bank is scheduled to publish its 2013 full-year results next Monday 24 February.

On the other hand, the share price of MIA slipped 1.4% back to the €2.17 level on volumes of just over 6,000 shares.

Meanwhile no changes in the other active equities including GO plc shares which held on to its 4-year high of €2.10 also on low volumes of 6,400 shares. Similarly, no changes in the share prices of RS2 Software plc at the €2.34 level on 9,680 shares as well as that of FIMBank plc at US$0.93 on a single deal of 2,740 shares.

On the bond market, the Rizzo Farrugia MGS Index inched minimally higher to 1,025.744 points as Eurozone yields continued to slip lower to the 1.65% level as the political tensions in Ukraine intensify as European leaders consider sanctions against those oppressing the protestors.