BOV and IHI trade higher

The MSE Share Index edged 0.3% higher during this morning’s trading session to 3,360.619 points as two of the four active securities traded in positive territory.

A trade of 2,982 shares of International Hotel Investments plc lifted the price of the equity to €0.711, reflecting a 1.57% increase over the previous closing price.

Similarly, Bank of Valletta plc edged 0.4% higher to €2.098 on activity of 12,643 shares.

Meanwhile, the share price of HSBC Bank Malta plc registered a marginal decline to €2.099 on weak volumes of 1,500 shares.

GO plc was the only other active equity with the share price maintaining the €2.30 level on activity of 4,232 shares across 3 deals.

On the bond market, the Rizzo Farrugia MGS Index retreated to 1,059.426 points as Eurozone yields regained the 1.17% level as demand for ‘safe-haven’ assets eased after Ukrainian pro-Russian separatists cooperated with Malaysian authorities with respect to the victims and remains of the Malaysian Airlines plane downed last week in Ukrainian airspace.

On Thursday afternoon the prices of the new Malta Government Stock are expected to be announced. The Treasury will be offering a total of €180 million across two stocks, namely, 2.0% MGS 2020 (V) and 4.1% MGS 2034 (I). Subscriptions subsequently open on Monday and close on Wednesday 30 July at 17.00 hours.