For the third successive session, the most widely traded equity was GO plc as a further 75,150 shares changed hands today. Although the equity touched an intra-day high of €0.87, the share price failed to hold on to these gains and closed back at the €0.85 level. Over 340,000 shares already changed hands this week.
Meanwhile, marginal changes and low trading volumes were recorded across other equities during this morning’s session. The MSE Share Index edged minimally higher to 3,075.859 points. The share price of Bank of Valletta plc eased 0.2% lower to €2.28 on volumes of 6,155 shares. On the other hand, HSBC Bank Malta plc shares traded 0.4% higher to regain the €2.74 level on volumes of 14,250 shares. Similarly, MaltaPost plc shares also closed in positive territory with a 1.6% rise from its multi-year low of €0.63 to €0.64 on a small deal of 500 shares.
The only other active equity today was Lombard Bank Malta plc with a further 2,000 shares changing hands at the equity’s 7-year low of €1.93.
On the bond market, the Rizzo Farrugia MGS Index slipped for the third consecutive session with a further 0.1% drop to 993.753 points – the lowest level since 30 July. Eurozone yields rallied after yesterday’s ruling by Germany’s constitutional court which ratified the country’s participation in Europe’s permanent bailout fund. By this afternoon, Eurozone yields dropped back below the 1.6% level in anticipation of the US Federal Reserve which should indicate whether the American Central Bank will be injecting fresh stimulus into the economy.