MSE Share Index edges above 3,500 points

Following four days of consecutive declines, the MSE Share Index rebounded by 0.3% during this morning’s session to regain the 3,500 points level. Amongst the positive performing equities, HSBC Bank Malta plc edged 0.4% higher to close at the €2.41 level on low volumes of 6,110 shares.

The share price of Malta International Airport plc again initially touched its all-time high of €2.28 before easing to a close of €2.27 which still represented a 0.4% increase over last Friday’s close. A total of 8,000 shares changed hands today. The airport operator’s equity will trade with the entitlement to the final gross dividend of €0.0692 per share until 15 April.

The best performer of the day was MIDI plc as the equity climbed by 7.7% to regain the €0.28 level across 17,400 shares. MIDI is scheduled to publish its 2013 full-year results on 28 April.

On the other hand, the share price of Bank of Valletta plc trended lower for the fourth successive session amid sustained high volumes totalling 75,303 shares. During this morning’s session, the bank’s equity only partially recovered from an intra-day low of €2.20 to end the session at the €2.219 level representing a minimal decline from the previous closing price.

Meanwhile, no change was registered in the share price of Lombard Bank Malta plc at the €1.70 across ten deals totalling 27,000 shares. Despite trading for the first time without the entitlement to the gross dividend of €0.04 per share, the equity held on to the €1.70 level. Similarly, 1,000 shares of RS2 Software plc traded unchanged at the €2.41 level.

On the bond market, the Rizzo Farrugia MGS Index was practically unchanged at 1,025.448 points as eurozone yields remained in the region of 1.65%.