MIA regains the €1.92 level

The share price of Malta International Airport plc advanced by 2.1% to regain the €1.92 level across seven deals totalling 21,230 shares. The airport operator’s equity is currently 6.7% higher since the start of the year largely due to the record passenger numbers recorded during the same period. As a result, MIA is also reporting improved profitability levels with the net profit for the first six months of 2013 rising by 14.2% to €5.1 million.

The equities of two of the retail banks also registered mild gains. HSBC Bank Malta plc inched minimally higher to €2.455 on volumes of 41,661 shares. Similarly, Lombard Bank Malta plc edged up to a close of €1.86 on a single deal of 6907 shares.

On the other hand, Bank of Valletta plc eased 0.4% lower to close at the €2.341 level across thirteen trades totalling 46,378 shares. Similarly, GO plc’s share price retreated by 0.7% to €1.49 on just 4,120 shares. Likewise, Malita Investments plc shed €0.01 as the equity dipped 2% lower to the IPO price of €0.50 on a trade of 10,000 shares.

Meanwhile, no change was registered in the share price of RS2 Software plc as it held on to the €1.85 level on volumes of 23,625 shares. MaltaPost plc’s equity also traded unchanged at the €1.10 level on a deal of 10,000 shares.

The only other active equity was Middlesea Insurance plc as it maintained the €0.80 level on low volumes of just over 1,000 shares.

On the bond market, the Rizzo Farrugia MGS Index eased 0.1% lower to 1,020.745 points as Eurozone yields partially rebounded from yesterday’s plunge. After the US Federal Reserve announced that it was maintaining its asset purchase programme at US$85 billion per month on Wednesday evening, yields slumped to a 3-week low of 1.84%. However, the benchmark 10-year Bund yield subsequently recovered to regain the 1.95% level today.