Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta

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MSE Share Index at new 30-month low

During this morning’s trading session on the Borza the MSE Share Index tumbled 1.7% to a new 30-month low of 3,002.653 points following the declines in the share prices of Bank of Valletta plc and GO plc. The Bank’s equity reversed yesterday’s gains as its share price retreated by 1.1% back to the €2.21 level across nine trades totalling 9,880 shares.

GO’s share price again closed in negative territory as the equity only marginally recovered from a new all-time low of €0.84 to close at the €0.86 level representing a 3.3% drop from the previous close. A total of 8,747 shares changed hands across seven trades.

On the other hand, HSBC Bank Malta plc edged 0.2% higher to close at the €2.565 level on volumes of 2,550 shares.

Elsewhere in the local equity market, a single trade of 1,458 Simonds Farsons Cisk plc shares was transacted at the €1.83 level, unchanged from the previous close.

On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to regain the 988.727 points level after the central Bank raised its Malta Government stock bid prices.

This afternoon, the Treasury of Malta will publish the statistics of the February 2012 Malta Government Stock issues following the noon deadline for submission of tenders. A total of €300 million is on offer across three stocks.

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