MSE Share Index surpasses the 3,500 point level

After being dragged below the 3,500 point mark last week by the 11.8% drop in the share price of International Hotel Investments plc, the MSE Share Index has trended in positive territory during the subsequent four sessions to regain this level today with a 0.2% rise to 3,502.318 points.

New bids lifted the equity of Bank of Valletta plc back into positive territory today. Its share price touched a fresh five and a half year high of €2.61 before easing marginally lower to still end this morning’s session at the €2.60 level representing a 0.8% increase from the previous closing price.  A total of 31,910 shares were exchanged across twenty three trades. The equity of BOV will trade with the entitlement to the final dividend of €0.13 per share until Thursday 14 November.

Similarly, Malta International Airport plc touched a new all-time high of €2.12 before easing back to end the session at the €2.10 level representing a minimal increase over the previous closing price across fifteen deals totaling 58,988 shares. The airport operator is expected to publish its October traffic results in the coming days.

Further bids also lifted the share price of RS2 Software plc to yet another all-time high of €2.30 across three deals totaling 11,900 shares.

Likewise the share price of Malita Investments plc inched minimally higher to a new high of €0.531 on a single deal of 4,000 shares.

The share price of MaltaPost plc also edged 0.9% higher to regain the €1.10 level (just below the equity’s all-time high of €1.105) on volumes of 22,983 shares. The postal operator generally publishes its preliminary full-year results (for the year ended 30 September) by early December.

Meanwhile, HSBC Bank Malta plc held on to the €2.65 level on volumes of 13,760 shares.

On the other hand, MIDI plc slipped 2% lower to €0.25 on very shallow activity of 1,300 shares.

On the bond market, the Rizzo Farrugia MGS Index moved 0.2% higher to 1,019.987 points reflecting yesterday’s afternoon rally in Eurozone yields to just below the 1.75% level following the publication of disappointing growth data across the eurozone. This morning, yields only partially reversed this trend as they retreated to the 1.73% on continued speculation of further stimulus from the European central Bank (ECB) which is scheduled to hold a monetary policy meeting tomorrow.