BOV shares well supported, Island Hotels hits new low

BOV shares were once again well supported on volumes exceeding 26,000 shares during trading this morning on the Borza. A trades were executed within a tight range of €2.25 and €2.25,4 as fresh supply was met by relatively constant demand at this price. On the buy side, there remain substantial unsatisfied orders at the €2.20 level whereas meaning outstanding sales are pitched at the €2.30 level.

On the losing end today, shares in Island Hotels Group Holdings plc hit fresh lows on relatively high volumes for this stock. 53,000 shares traded across 3 deals, down 6c9 at €0.52. Shares in GO plc also shed some recent gains and broke through key support levels although volumes in this case were very low at just 5,000 shares which traded at €1.54.

Elsewhere, trading levels were relatively low and spread across just three other listed equities. FIMBank traded back up to $1.02, RS2 closed unchanged at €1.16 and Medserv also closed unchanged at €3.90.

In the bond market, Malta Government Stocks gave up some recent gains although volumes were relatively low whereas corporate bonds continue to remain generally very strongly supported with outstanding unsatisfied buyers very evident across many of the bonds in issue.