MSE Share Index edges minimally higher

The MSE Share Index closed the day slightly higher at 3,367.968 points as the 2.5% decline in the equity of GO plc was offset by gains in various equities including Bank of Valletta plc, Lombard Bank Malta plc, FIMBank plc and Crimsonwing plc.

GO’s equity declined by 2.5% to close the day at €1.55 on low volumes of 8,140 shares.

In the banking sector, HSBC Bank Malta plc held on to the €2.67 level as a further 10,640 shares traded today with bids remaining unsatisfied by the close of the session at this price and lowest offers now at €2.70. All other banking equities gained. Bank of Valletta plc continued to recover and edged 0.3% higher to €2.241 on weak volumes of 5,800 shares. The equity of Lombard Bank Malta plc returned to action for the first time since 3 May with the share price climbing 2.8% above its multi-year low of €1.80. A total of 14,236 shares traded today with the price closing the day at €1.851. Meanwhile, FIMBank plc regained the US$1.02 level on volumes of 25,730 shares.

The equity of Crimsonwing plc was active for the first time since 23 April. After an initial trade at €0.53, the equity moved up to €0.56 (+1.8% above the previous close) on total volumes of 45,889 shares for the day. In the coming weeks, the company should be publishing its March 2013 full-year financial statements. Also in the IT sector, 6pm Holdings plc maintained its multi-year high of GBP0.58 level.

MaltaPost plc traded again at €1.05 with a further 15,840 shares changing hands.

On the bond market, the Rizzo Farrugia MGS Index eased marginally lower for the third successive session as Eurozone benchmark yields continued to hover around the 1.36% level. Local investors now await the pricing details of the two new MGS issues on offer next week. Prices will be announced on Thursday afternoon.