The share price of Bank of Valletta plc edged 0.4% higher this morning to regain the €2.75 level across seven trades totalling 11,100 shares. BOV’s equity had dropped to a low of €2.64 shortly after the news emerged that it is offering shareholders of the La Valette Multi Manager Property Fund a cash consideration of €0.75 per share. However, the share price has since partially recovered by 4.1% over the past two weeks. BOV was the only positive performer today among the 5 active equities. Meanwhile HSBC Bank Malta plc traded unchanged at the €2.97 level on low volumes of 1,850 shares.
Malta International Airport plc eased 0.6% lower back to the €1.73 level despite last week’s announcement revealing a further 5.8% increase in passenger movements to 325,000 during the month of May. Two trades totalling 7,800 shares were transacted during this morning’s trading session. The airport operator is scheduled to publish its 2011 half-year results on 27 July.
GO plc’s share price close unchanged at €1.37 as the share price recovered from a low of €1.34 during a last-minute trade. FIMBank plc also closed the day unchanged at the US$0.80 level across six trades amounting to 8,887 shares.
The shares of the close-ended collective investment scheme, Santumas Shareholdings plc, were active for the first time this year. A small deal of 100 shares was executed at the €2.50 level representing a 2.6% drop from the previous close. Offers are already placed lower at €2.25 with no bids in sight.
On the bond market, increasing concerns over a possible debt restructuring by Greece pushed Eurozone yields back down to the 2.96% level. As a result the Rizzo Farrugia MGS Index climbed 0.1% to 976.906 points.