High volumes traded in BOV shares

Over 103,000 shares traded this morning in Bank of Valletta plc shares within a tight range of €2.28 and €2.25 ahead of the publication of the Group’s interim results as at 31 March 2013 (scheduled for Thursday 25 April).

Various other equities trended in negative territory today with Malta International Airport plc easing by 1.5% from near its all-time high of €1.94 back to the €1.91 level on volumes of 13,700 shares. Last Friday, the airport operator issued an interim Directors’ statement explaining that during the first quarter of 2013 the financial position of the Company has remained sound and the performance has been in line with projections.

Lower volumes in HSBC Bank Malta plc as the Bank’s share price slipped 0.7% back to the €2.72 level on an insignificant deal of 250 shares.

Island Hotels Group Holdings plc also in negative territory today with a 4% plunge to yet another new all-time low of €0.60 on low volumes of 3,250 shares.

A 1.8% decline was also registered in the share price of Malita Investments plc which closed at the IPO price of €0.50 across 2,000 shares.

On the other hand, Middlesea Insurance plc’s equity edged 2.2% higher to the €0.92 level to a fresh 17-month high of €0.92 on volumes of 10,000 shares.

On the bond market, the Rizzo Farrugia MGS Index edged marginally higher for the third consecutive session with a further 0.1% increase to 1,020.600 points despite this morning’s marginal increase in Eurozone yields to the 1.27% level. However, by this afternoon, the benchmark 10-year German Bund yield slipped back to the 1.247% level as expectations of sustained expansive monetary policies by various central banks offset concerns over the crises in the Eurozone. In turn, this supported demand for riskier and higher yielding sovereign securities.