BOV and HSBC trade in opposite directions

The MSE Share Index registered its third consecutive uplift with a further marginal increase to 3,333.552 points. This was largely due to the 0.4% rise in the share price of Bank of Valletta plc to yet another 7-month high of €2.289 level on total volumes of 53,946 shares across 20 trades. The Bank’s shares will trade with the entitlement to the final gross dividend of €0.0925 per share until Thursday 13 November.

On the other hand, the equity of HSBC Bank Malta plc ended this morning’s session 0.4% lower at the €1.975 level after only partially recovering from an intra-day low of €1.95 on total volumes of 40,557 shares.

Elsewhere on the local equity market, Grand Harbour Marina plc gained 0.5% to get back at the August price level of €1.87 across a deal of just 425 shares.

Meanwhile, two other equities traded unchanged. International Hotel Investments plc held on to the €0.56 level as a total of 14,500 shares changed hands this morning. Similarly, Medserv plc closed unchanged at the €1.33 level on a single deal of 2,900 shares.

On the bond market, the Rizzo Farrugia MGS Index edged marginally lower to 1,090.781 points as Eurozone benchmark yields regained the 0.84% level on the return of some risk appetite.

This afternoon, the Malta Stock Exchange announced that the 5.0% Hal Mann Vella Group plc bonds maturing in 2024 have been admitted to the Official List as from today with trading expected to commence as from tomorrow.