Second successive decline for MSE Share Index

The MSE Share Index trended lower for the second consecutive session with a further 0.1% drop to 3,692.683 points as half of the active equities during this morning’s ended in negative territory.

The equity of Bank of Valletta plc had a volatile session as it opened at €2.495 before dropping to a low of €2.465 before ending the session at the €2.48 level representing a 0.2% drop from the previous closing price. A total of 11,768 shares changed hands today with further offers unsatisfied at the closing price.

RS2 Software plc only managed to partially recover from an intra-day low of €2.33 as it still closed the session 1% lower at the €2.34 level on volumes of 12,730 shares.

Similarly, the share price of Malita Investments plc ended the session 0.9% lower at the €0.545 level across three trades totalling 10,000 shares. Malita will be publishing its 2013 financial statements next Tuesday 25 February.

Meanwhile, GO plc recovered from an intra-day low of €2.08 to end today’s session at the €2.10 level across 17,485 shares.

Likewise, no change was registered in the share prices of International Hotel Investments plc and Malta International Airport plc at €0.88 and €2.20 respectively. A total of 5,000 shares were transacted in each equity.

On the bond market, the Rizzo Farrugia MGS Index edged minimally higher to 1,025.634 points as Eurozone yields marginally eased back to the 1.68% level possibly due to the protests being held in Ukraine. Nonetheless, it is noteworthy to highlight that confidence in the bond markets has been rising as yields on riskier sovereign assets, namely those of Greece and Spain, retreated to new lows.