Marginal movements across local equities

The MSE Share Index edged 0.1% higher to 3,438.970 points with minimal movements recorded across the active equities.

HSBC Bank Malta plc advanced by 0.7% to regain the €2.75 level across eight trades totalling 14,247 shares ahead of the publication of the interim results due on 5 August.

The increase in HSBC’s share price offset the 2.8% drop in Lombard Bank Malta plc back to the €1.75 level across a deal of 5,900 shares and the 0.9% decrease in the share price of GO plc to the €1.515 level on volumes of just over 14,000 shares. This morning, the quad-play telecoms operator announced that it successfully acquired the exclusive Barclays Premier League broadcasting rights until 2016.

On the other hand, Bank of Valletta plc recovered from an intra-day low of €2.26 to end the session unchanged at the €2.27 level across nine trades totalling 15,895 shares.

Likewise, no change was registered in the share price of Malita Investments plc as 24,500 shares traded at the €0.50 level.

On the bond market, the Rizzo Farrugia MGS Index moved 0.1% higher to 1,023.255 points as the benchmark 10-year Eurozone yields slipped back to the 1.7% level with investor demand shifting to riskier bonds after Eurozone finance ministers approved a new €6.8 billion line of financial aid for Greece which will spare the country from default in August.