FIMBank’s share price immediately recovers

The US Dollar denominated equity of FIMBank plc immediately recovered from yesterday’s 9% drop as a single trade of 10,000 shares was transacted at the US$0.77 level. Similarly, Malta International Airport plc jumped 5.6% to regain the €1.69 level on a single trade of 1,200 shares.

MaltaPost plc closed in positive territory for the second successive session as the equity inched minimally higher to close at the €0.98 level across volumes totalling 15,000 shares. The postal operator is scheduled to hold its Annual General Meeting on 17 January for shareholders to consider and approve a number of resolutions including the final net dividend of €0.04 per share and the scrip dividend option with an attribution price of €0.98 per share.

A single trade of 1,924 HSBC Bank Malta plc shares helped the bank’s equity to climb 1.2% to regain the €2.58 level while Bank of Valletta plc eased 0.3% to close at €2.493 on low volumes of just over 3,938 shares.

Overall, the MSE Share Index ended this morning’s session 0.8% higher at 3,074.728 points with trading activity remaining low during the Christmas period.

On the bond market, the Rizzo Farrugia MGS Index eased lower for the second consecutive session with another 0.1% drop to 985.479 points. This was in line with the continued recovery in eurozone yields which moved above the 2% level following an initial positive reaction with respect to the higher than expected €489 billion 3-year loans by the European Central Bank (ECB) to euro-area banks. These loans will serve to help maintain liquidity flows amongst EU banks and support the region’s economies during the prevailing sovereign debt crisis.