BOV equity up for third consecutive session

The equity of Bank of Valletta plc trended higher for the third consecutive session as it closed the session 0.4% higher to regain the €2.37 level across eleven deals totalling 25,124 shares. The Bank is expected to publish its interim results for the six months ended 31 March 2014 on 25 April.

On the other hand, the share price of GO plc retreated by 1% back to the €1.98 across four trades totalling 5,134 shares. Today, the quad-play telecoms operator mailed out to shareholders the 2013 Annual Report and all the relevant documentation in connection with the upcoming Annual General Meeting scheduled to be held on 6 May.

Malita Investments plc shares also traded in negative territory as its share price slipped 1.8% from its all-time high of €0.55 to €0.54 on low volumes of 6,000 shares.

Meanwhile, the equity of HSBC Bank Malta plc recovered from an intra-day low of €2.36 to end the session unchanged at the €2.38 level across 15,479 shares. This morning, the Bank held its Annual General Meeting during which shareholders approved all the items on the agenda including the final gross dividend of €0.052 per share as well as a 1 for 9 bonus share issue. The dividend will now be paid on 25 April. Shareholders as at the close of trading on 24 April will be eligible to receive the bonus shares.

Similarly, the share price of International Hotel Investments plc ended the session unchanged at the €0.83 level on low volumes of 4,000 shares.

On the bond market, following three consecutive sessions of increases, the Rizzo Farrugia MGS Index edged 0.1% higher to 1,032.656 points for the first time since the data was collected in 2009. This reflects the decline in Eurozone yields to near 11-month lows of 1.485% as Eurozone inflation dropped to 0.5% (the lowest levels since November 2009) in March to keep the pressure on the European Central Bank (ECB) to enact further stimulus measures.