BOV leads positive day for local equities

Following the publication of the European Central Bank’s Asset Quality Review (AQR) in conjunction with an EU-wide stress test which confirmed that the Tier 1 ratios of the two major local banks is above regulatory thresholds, their respective equities trended higher today. Most notably, the share price of Bank of Valletta plc inched marginally higher to €2.25 on substantial volumes of 110,587 shares. Similarly, the equity of HSBC Bank Malta plc edged 0.3% higher to €2.04 (for the first time since early September) on lower volumes of 17,134 shares.

Also in the financial sector, FIMBank plc advanced by 3.3% to regain the USD0.62 level across two deals totalling just over 41,000 shares.

Elsewhere on the local equity market, Malita Investments plc shares also gained 3.6% to a fresh all-time high of €0.58 across two deals comprising 27,100 shares.

The only other positive performing equity was MaltaPost plc which recaptured its all-time high of €1.15 on a single deal of just 747 shares. MaltaPost is due to published its September full-year results in the coming weeks.

Meanwhile, the share price of Malta International Airport plc held on to the €2.36 level across 17,500 shares.

Overall, the MSE Share Index edged 0.2% higher to 3,378.550 points.

On the bond market, the Rizzo Farrugia MGS Index was practically unchanged at 1,091.184 points as Eurozone benchmark yields remained close to the 0.9% level. However, by this afternoon, the benchmark 10-year Eurozone yields fell back to the 0.87% following the publication of worse-than-expected business sentiment data in Germany.