Most active equities trend lower as volumes dwindle

Most of the active equities during this morning’s session trended lower amid dwindling volumes to send the MSE Share Index lower for the first time in five sessions with a 0.2% dip back to 3,432.565 points.

In the banking sector, Bank of Valletta plc eased minimally lower to €2.289 across eight trades totalling 15,567 shares. Similarly, Lombard Bank Malta plc eased 0.6% lower to the €1.74 level on low volumes of 3,000 shares. Meanwhile, FIMBank plc edged minimally higher to close at US$1.021 on very shallow volumes of 800 shares.

Elsewhere in the local equity market, International Hotel Investments plc slipped 1.1% lower back to the €0.92 level across 3,095 shares whilst the share price of Island Hotels Group Holdings plc held on to the €0.545 level on a trade of 35,000 shares.

Low volumes also recorded in Malta International Airport plc with just 3,450 shares changing hands at the €2.045 level representing a 0.2% dip from the previous close.

Likewise, RS2 Software plc retreated by 0.8% back to the €1.25 level across two deals totalling 3,400 shares.

On the bond market, the Rizzo Farrugia MGS Index slumped 0.2% to 1,019.280 points as Eurozone yields surged to above the 1.65% after last night’s indication from the US Federal Reserve that it is ready to start trimming its USD85 billion monthly bond buying programme and to end it by mid-2014 in view of the growth seen in the US economy.