MaltaPost share price up 4.2% this week

Further demand for MaltaPost plc shares emerged during this morning’s session helping the equity close 1.5% higher at €0.995 across three trades totalling 11,000 shares. MaltaPost’s equity was among the best performers of the week with a 4.2% rise on high volumes of over 86,000 shares changing hands during the last five sessions. 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.

Meanwhile, the three other active equities closed unchanged. Bank of Valletta plc held on to the €2.50 level on volumes of 7,559 shares ahead of the 1 for 8 bonus issue to those shareholders as at 9 January.

Middlesea Insurance plc also closed unchanged at the €0.80 level on a small deal of 800 shares. The other active equity was Malta International Airport plc with 1,800 shares changing hands at the €1.69 level representing a weekly increase of 5.6%.

Overall, the MSE Share Index edged 0.5% higher this week to 3,074.879 points mainly due to the 3.2% weekly increase in the share price of HSBC Bank Malta plc to the €2.58 level. Meanwhile on the bond market, the Rizzo Farrugia MGS Index closed a volatile week 0.2% lower at 985.626 points as Eurozone yields closed the week above the 1.9% level. This morning the price of the 5.20% MGS 2031 traded up to a new all-time high of 102.99%.

Trading on the Malta Stock Exchange will resume on Tuesday 27 December.