GO’s share price down for the third time this week

The share price of GO plc closed lower for the third time this week as further offers emerged on the market. The share price of the quad-play telecom operator retested an intra-day low of €1.50 before partially recovering to €1.545 but still ending the session 1.5% lower than the last closing price. 9,500 shares traded today.

HSBC Bank Malta plc also eased a further 0.2% lower to drop back to the €2.71 level on a single deal of 2,000 shares with offers already placed in the market at €2.70. Also in the financial sector, Middlesea Insurance plc dropped by 2.7% to the €0.895 level across 10,000 shares as the equity turned ex-dividend.

Meanwhile, higher volumes were registered in Plaza Centres plc amounting to 80,700 shares with the equity sliding 6.8% lower to the 0.55 level. The equity is still trading with the entitlement to the final gross dividend of €0.038 per share.

On the other hand, Malita Investments plc edged 3.7% higher to regain the €0.529 level (just under its all-time high of €0.53) on volumes of 10,500 shares.

Meanwhile, Malta International Airport plc held on to the €1.92 level across 762 shares despite turning ex-dividend as from yesterday. The final dividend of €0.04 per share will be paid to all shareholders on 5 June.

Similarly, no changes were registered in the share price of Bank of Valletta plc which failed to hold on to an intra-day high of €2.28 to end the session unchanged at the €2.27 level on volumes of over 26,000 shares.

Single trades were executed in Lombard Bank Malta plc and MaltaPost plc with the Bank’s shares continuing to trade at the €1.95 level (3,500 shares)and MaltaPost at €1.05 on volumes of 16,741 shares.

On the bond market, the Rizzo Farrugia MGS Index regained its upward trend with a 0.1% increase to 1,020.137 points as Eurozone yields retreated back towards 1.258% in spite of a strong Spanish bond auction.