Bank of Valletta plc remained in focus as further demand helped the equity climb another 3.1% to regain the €3.63 level. Twenty trades were executed this morning amounting to almost 24,700 shares. Investors acquiring shares until 7 January 2011 will be entitled to the 1 for 5 bonus share issue.
Meanwhile HSBC Bank Malta plc shares continue to trade flat. The equity erased most of yesterday’s 1% rise, as the share price retreated by 0.9% to the €2.873 level. 14,200 shares traded today across four trades with best bids already placed higher at the €2.881 level.
FIMBank plc shares were active for the first time in over two weeks. The USD dollar denominated equity of FIMBank climbed 2.2% to US$0.95 on high volumes of 59,400 shares. Following yesterday’s listing of the new 4.25% bonds, the USD tranche registered the first trades today when US$25,000 (nominal) changed hands at the 101% level.
Today marks the closing date for General Public subscriptions for the new Malta Government Stock issues. On the secondary market, the Central Bank of Malta Stockbroker reduced its MGS bid prices as the benchmark 10-year Eurozone yield recovered to the 2.47% level. The equivalent ten-year government paper slumped 55 basis points with the 4.6% MGS 2020 (II) priced at 104.93%.