BOV & HSBC lift MSE Share Index

The MSE Share Index trended higher for the second consecutive session with a further 0.5% increase today to a 2-week high of 3,331.927 points on the back of a rebound in the share prices of the two large banks.

Bank of Valletta plc advanced by 1.3% to regain the €2.28 level for the first time since late April 2014 on total activity amounting to 23,502 shares. The Bank’s shares will trade with the entitlement to the final gross dividend of €0.0925 per share until Thursday 13 November. Similarly, HSBC Bank Malta plc moved 1% higher to recapture the €1.98 level albeit on lower volumes of 9,000 shares.

On the other hand, the share price of Middlesea Insurance plc eased minimally lower to €0.99 on a single trade of 1,000 shares.

All other active equities ended this morning’s session unchanged. Most notably, 31,700 shares of International Hotel Investments plc traded unchanged at the €0.56 level across seven deals. Recently, IHI published its Interim Directors’ Statement explaining that during the third quarter of 2014, all its properties registered improved performances with the exception of the hotels in Russia and Libya in view of the prevailing geo-political tensions.

The equity of MIDI plc continued to trade at its all-time low of €0.21 with a further 57,500 shares changing hands across three deals.

The only other active equity was Malta International Airport plc as its share price held on to the €2.33 level on a single trade of 1,000 shares.

On the bond market, the Rizzo Farrugia MGS Index edged marginally higher to 1,091.491 points as Eurozone benchmark yields slipped towards the 0.8% level on the back of hopes of further stimulus by the European Central Bank as well as a rebound in investor sentiment across the Eurozone.