Only Bank of Valletta plc shares traded during this morning’s session with the MSE Share Index down 0.1% to 3,118.098 points. Bank’s share price slid to an intra-day low of €2.52 before partially recovering to close just 0.4% lower at the €2.57 level across 48,125 shares. This was the last trading day on which the equity traded with the entitlement to the 1-for-8 bonus issue approved in the last Annual General Meeting held in December 2011. Equity turns ex-bonus as from tomorrow.
On the bond market, the Rizzo Farrugia MGS Index eased marginally lower today to 985.833 points as Eurozone yields remained below the 1.9% ahead of the outcome of a meeting between German’s Angela Merkel and France’s Nicolas Sarkozy later on this afternoon. During this meeting the two leaders are expected to discuss ways how to lift economic growth and further fiscal consolidation within the monetary union.