Marginal movements across local equities

Only marginal movements were registered across the active local equities today with the MSE Share Index easing by 0.1% to 3,703.617 points. During the final week of January, the Index edged 0.5% higher.

During this morning’s trading session, the share price of Bank of Valletta plc failed to hold on to an intra-day high of €2.48 with the equity initially easing to a close of €2.47 before partially recovering to end the session at the €2.479 level on volumes of 15,621 shares. On the other hand, HSBC Bank Malta plc edged 0.4% higher to recapture the €2.56 level on low volumes of 4,840 shares. Over the week, the two equities also ended in different directions with BOV easing by 0.4% whilst HSBC registered an equivalent increase.

Elsewhere in the market, the share price of International Hotel Investments plc retreated by 1.1% back to the €0.91 level on a single deal of 1,000 shares but still ended the week 1.3% higher. Meanwhile, Malita Investments plc edged 0.9% higher to a new all-time high of €0.54 on volumes of 64,643 shares.

Meanwhile, no change was registered in the share price of Simonds Farsons Cisk plc as 1,000 shares changed hands at the equity’s all-time high of €2.95 (+1.7% over the week) with further offers unsatisfied at the closing price.

Similarly, Malta International Airport plc held on to this week’s earlier gains as 2,280 shares changed hands at its all-time high of €2.20 representing a weekly jump of 1.6%.

The only other active equity was RS2 Software plc with a further 20,000 shares changing hands at the €2.30 level.

On the bond market, the Rizzo Farrugia MGS Index marginally retreated to 1,027.146 points as Eurozone yields surged to a 1-week high of 1.71% following the best growth achieved in US GDP across the third and fourth quarter of 2013 in the last two years. Nonetheless, yields slipped back to the 1.67% level following the publication of Eurozone data which showed that the region’s inflation dropped further to 0.7% in contrast to the expected uptick to 0.9%.