Bank share prices marginally higher

The MSE Share Index was lifted 0.2% higher during this morning’s trading session on the Borza to 3,372.135 points following the marginal increases in the share prices of the two large banks. In fact, HSBC Bank Malta plc moved 0.7% higher to regain the €2.96 level on volumes of 9,500 shares. Bank of Valletta plc edged minimally higher to close at the €2.741 level on higher volumes of almost 14,650 shares.

Meanwhile the other four active equities closed today’s session unchanged. GO plc recouped from an intra-day low of €1.35 to maintain the €1.379 level across four trades totalling 4,480 shares. This afternoon the Group is scheduled to hold its annual General Meeting during which shareholders will be asked to approve a number of resolutions including a significantly reduced net dividend payment of €0.05 per share.

Malta International Airport plc held on to its seven week high as a further 3,360 shares changed hands at the €1.74 level. The airport operator is expected to publish the May traffic results in the coming days.

15,000 RS2 Software plc shares change hands at the €0.499 level ahead of the Group’s Annual General Meeting scheduled to be held on 14 June. The other active equity, MaltaPost plc, traded unchanged at the €1.02 level on volumes of 2,104 shares.

On the bond market, the Rizzo Farrugia MGS Index eased a further 0.1% today to a new 5-week low of 973.647 points as the benchmark 10-year Eurozone yields steadily regained the 3.06% level.