Large caps decline

The share price of Bank of Valletta plc eased 0.5% lower to the €2.23 level as the equity turned ex-dividend. However, the Bank’s share price did not adjust by the full net interim dividend of €0.0276 which will now be paid on 23 May. A total of 14,973 BOV shares changes hands today.

Similarly, the equity of HSBC Bank Malta plc failed to hold on to an intra-day high of €2.15 to end this morning’s session minimally below the previous closing price at the €2.14 level on volumes of 28,385 shares.

GO plc shares also closed in negative territory with a 1% drop back to the €1.979 level on five deals totalling 5,000 shares. The telecoms quad-play operator this morning held its Annual General Meeting (AGM) during which shareholders approved all the items on the agenda including the final net dividend of €0.07 per share which will be paid on 9 May.

On the other hand, the share price of Malta International Airport plc edged 0.4% higher to regain the €2.27 level on low volumes of 2,200 shares. Yesterday, the airport operator published the April 2014 traffic statistics revealing a 13.7% increase in passenger movements. Similarly, the equity of RS2 Software plc moved 0.4% higher to regain its all-time high of €2.43 on just 3,614 shares.

MaltaPost plc also performed positively with a 7.7% jump to the €1.12 level on volumes of 37,836 shares. The postal operator is shortly expected to publish its half-year results covering the six months ended 31 March 2014.

The only other positive performing equity was GlobalCapital plc with a 25.2% jump to recapture the €0.75 level on low volumes of 5,075 shares.

Meanwhile, the equity of Island Hotels Group Holdings plc held on to the €0.85 level across 11,500 shares.

On the bond market, the Rizzo Farrugia MGS Index eased minimally lower to 1,037.172 points as Eurozone yields rebounded to the 1.46% level.