HSBC Bank Malta closes 1.96% lower

The MSE Share Index slipped 0.3% to 3,385.083 points, largely due to a decline of 1.96% in the closing price of HSBC Bank Malta plc to the €2.00 level as 56,157 shares were exchanged across 28 trades. The equity ranged from an intra-day high of €2.05 to a low of €1.90. The Bank has today issued its interim results during this morning’s trading session, which showed a decline in the profitability of the Group, as interest income margins narrowed, income from fees and commissions declined, and expenses edged higher due to increased regulatory and compliance costs incurred by the Bank in the first half of 2014.

Malta International Airport plc also closed in negative territory, as 8,644 shares exchanged hands across 8 deals. The equity closed the session at the €2.34 level, being 0.4% lower than the previous closing price.

Meanwhile, the shares of Middlesea Insurance plc gained 1.7% to close at €0.89, as 16,871 shares traded across 9 deals.

Maltapost plc shares closed at a 1.8% higher price, as 8,302 shares were dealt across 3 trades. The equity closed this morning’s session at the €1.14 level.

GlobalCapital plc had a positive trading session this morning, as 13 trades for a total of 33,735 shares exchanged hands, pushing the closing price of the equity up by 21.4% to €0.80.

No change in the closing price of Bank of Valletta plc and Simonds Farsons Cisk plc was registered, as the equities closed at €2.10 and €2.87 level respectively. The Bank was the more active of the two, with 27,402 shares traded across 8 deals, touching an intra-day high of €2.137, until closing at the €2.10 intra-day low, whilst Farsons had a single trade of 300 shares.

On the bond market, the Rizzo Farrugia MGS Index closed marginally higher at 1,062.119 points, resulting in another all-time high. This was in line with the Bunds yields, which edged lower to the 1.13% level, as markets perceived the move on Sunday of Portugal to bail out the continent’s biggest bank – Banco Espirito Santo – reassuring and easing the systemic risks that had resurfaced last week.