MSE Share Index slumps 0.9% on declines in IHI & GO

The equity of International Hotel Investments plc dropped by 6.4% during this morning’s session back to the €0.785 level on a single deal of just 718 shares. Similarly, the share price of GO plc trended 1% lower back to the €1.95 level also on low volumes of 1,300 shares.

These drops largely led to the 0.9% slump in the MSE Share Index back to 3,460.161 points.

The only other negative performer today was MaltaPost plc with a 2.6% retreat from its all-time high of €1.15 to the €1.12 level on volumes 52,486 shares.

On the other hand, in the financial sector, HSBC Bank Malta plc edged minimally higher to €2.38 on volumes of over 11,000 shares. The share price of Middlesea Insurance plc climbed by 5% to regain the €0.95 level on a single deal of 2,100 shares.

Similarly, the equity of Medserv plc edged 2.3% higher to a new 2014 high of €1.33 on a small trade of 760 shares.

Meanwhile, Bank of Valletta plc maintained the €2.26 level across 17,374 shares. Likewise, Malta International Airport plc closed the day unchanged as a further 1,855 shares changed hands at the €2.30 level – the equity’s all-time high. This afternoon the airport operator published the traffic results for the month of March revealing a further 5.7% increase in passenger movements. During Q1 2014, MIA registered an aggregate 8.4% increase in passenger movements to 655,942 passengers – the best Q1 ever. This was largely due to the 7.6% increase in seat capacity during the same period.

RS2 Software plc also maintained its all-time high of €2.43 on volumes of 12,000 shares and a further 13,950 shares of MIDI plc were exchanged at the €0.26 level, unchanged from the previous close.

On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 1,026.296 points as yields marginally eased back to 1.615% following the recent uplift.