Bank of Valletta plc’s share price traded higher for the second successive day. During this morning’s trading session, the share price strongly recovered by 5.4% on high activity amounting to over 54,000 shares. The equity closed the session at €2.75 after hitting a high of €2.80 (the highest level since 26 May). During the past two days, BOV’s equity managed to recover all the losses sustained last week.
The strong upturn in BOV’s equity helped the MSE Share Index advance by 1.1% to 3,363.657 points, thus also recovering most of last week’s decline.
Elsewhere in the market, HSBC Bank Malta plc eased marginally lower back to €2.92 on a small deal of 700 shares. Few trades were also transacted across the other active large cap equities with Malta International Airport plc rising by 0.6% to €1.74 whilst International Hotel Investments plc and GO plc closing unchanged at €0.82 and €1.36 respectively.
The share price of MaltaPost plc dropped back to the €1.00 level for the first time since 31 January 2011 on a single trade of 1,109 shares. Other bids are outstanding at the last traded price with lowest offers at the €1.05 level. A single trade of 2,600 RS2 Software plc shares was affected at the €0.53 level, unchanged from the previous close.
On the Alternative Companies List, Loqus Holdings plc maintained the €0.161 level across 2,000 shares.
On the bond market, the Rizzo Farrugia MGS Index eased lower for the second consecutive session. The Index shed 0.1% to 975.39 points in line with the continued recovery in Eurozone yields to the 2.97% level. On the other hand, however, the price of the 5.25% MGS 2030 bonds added 50 basis points to 102.50%.