Bank share prices recover

During this morning’s session on the Borza, the share prices of HSBC Bank Malta plc and Bank of Valletta plc closed in positive territory for the first time this week. Although HSBC opened the day at a new 2010 low of €2.75 it managed to regain the €2.795 level representing a 0.9% increase over the previous close. A total of 16,000 shares were exchanged across 6 trades.

On the other hand, BOV eased from an intra-day high of €3.24 to close 0.3% higher at the €3.22 level. Just over 14,000 shares changed hands today across eleven deals. Yesterday the Bank confirmed that it will publish its full-year results on Friday 29 October.

For the second time this week, GO plc edged 0.5% higher to regain the €1.86 level on volumes of 7,430 shares. Meanwhile the other index heavyweight, International Hotel Investments plc, ended today’s session unchanged at the €0.80 level after opening at €0.785.

Crimsonwing plc’s equity was active for the first time in almost a month. The share price of the IT company slumped 16.7% to €0.35 on a single trade of 6,800 shares. Yesterday evening Crimsonwing’s shareholders approved all resolutions at the Annual General Meeting.

On the primary bond market, preferred applicants in FIMBank’s bond offering have until next Friday 22 October to submit their application and avail themselves of the guaranteed minimum allotment and preferential price of 99%. Further details on this euro and US Dollar denominated bond issue is available at https://rizzofarrugia.com/news-events/2010/details-of-new-bond-issue-6/.

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