HSBC regains the €2.80 level

The share price of HSBC Bank Malta plc initially slipped by €0.02 to €2.76 but soon recovered to regain the €2.80 level representing a 0.7% rise from yesterday’s close. A total of 11,168 shares changed hands across five trades with fresh support entering the market at €2.76.

GO plc also edged minimally higher today to close at the €0.98 level on volumes of 2,560 shares.

Meanwhile, the equity of Bank of Valletta plc failed to hold on to an intra-day high of €2.255 to close this morning’s session unchanged at the €2.23 level across ten trades totalling 41,130 shares. The Bank this afternoon announced that its Board of Directors is scheduled to meet on Friday 26 October to consider and approve the Group’s full-year results as well as consider the recommendation of a final dividend.

Likewise, the share price of Malta International Airport plc ended the session unchanged at the €1.75 level on volumes of 30,000 shares.

On the other hand, Middlesea Insurance plc eased 1.3% lower to €0.77 on a single deal of 2,080 shares.

On the bond market, the Rizzo Farrugia MGS Index retreated by 0.1% to 996.833 points as Eurozone yields moved closer to the 1.50% level this morning due to increased appetite for risk, spurred by better-than-expected economic data and corporate profits in the US. Moreover, markets were also buoyed by speculation the Spain is closer to requesting a bailout and that Greece will be able to receive more aid. Investor optimism gained momentum in the afternoon pushing the benchmark 10-year German Bund yield to a new 3-week high of 1.544%.