Bank of Valletta plc’s equity reversed this week’s earlier increases as increasing demand at lower levels was matched by incoming supply. The share price fell 2.4% during this morning’s session to close at the €2.10 level across 27 trades amounting to over 131,600 shares. The equity will trade with the entitlement to the gross interim dividend until Monday 7 May.
Meanwhile, HSBC Bank Malta plc shares gained 1.2% today to close at a one month high of €2.55 across 20,400 shares.
New large sell orders force GO plc’s equity to slide 4% to a new all-time low of €0.72 on high volumes of 500,000 shares ahead of the Group’s Annual General Meeting scheduled to be held on 9 May. Following today’s downturn, GO’s share price, which plunged by 49.4% and 7.9% in 2011 and 2010 respectively, currently lies 26.5% below its value at the beginning of the year.
Elsewhere in the local equity market, Malta International Airport plc inched minimally higher to regain the €1.72 level across five trades totalling 20,000 shares.
On the bond market, the Rizzo Farrugia MGS Index moved another 0.1% higher to a new 3-month high of 989.580 points as Eurozone yields retested its all-time low of 1.6%. This afternoon, the European Central Bank (ECB) maintained its interest rates at the historically low 1% level as the region’s economic troubles deepen.