The Malta Stock Exchange Index dropped just over four points, or 0.1 per cent, on Tuesday. Trading activity was lacking as just 14,447 shares across 19 deals changed hands in just three equities.
Bank of Valletta plc shares fell by 1c9, or 0.7 per cent, to close at €2.810 as just 10,377 shares were traded across fourteen deals.
Shares of the local telecommunications provider, GO plc, meanwhile added 1c, or 0.7 per cent, to end the day at €1.360 in a single deal of 2,000 shares.
Closing unchanged, at €2.980, was HSBC Bank Malta plc. The retail bank’s stock opened the session 2c higher but settled back to its Monday closing price by session’s end. Trading was exceptionally light as just four deals for a total of 2,070 shares were executed.
The corporate bond market was also exceptionally quiet as just €114,840 nominal across 16 deals were traded in just eight bonds. The big movers in the session were the 6.2%-6.8% International Hotel Investment Plc € 2013 bond and the 6.25% Corinthia Finance plc € 2016-2019 issue, which added €6.000 and €5.100, or 6.4 per cent and 5.9 per cent, respectively. Yet trading in the two issues was light as just €5,000 and €5,400 nominal, respectively, in two separate individual deals were traded. Finishing in negative territory was the 7.5% Mediterranean Investments Holding plc EUR 2012-2014 bond, which shed €2.000, or 2.4 per cent in a single deal of €1,398 nominal.
In the government bond market, just two issues were traded. The 5.7% MGS 2012 (III) bond dropped €0.070, or less than 0.1 per cent, to close at €104.420 in heavy volume of €1,061,647 nominal across two deals while the 5.25% MGS 2030 (I) issue gained 4c, also less than 0.1 per cent, to close at €101.500 in a single trade of €17,000 nominal.
This article has been prepared by Bank of Valletta p.l.c. (the Bank) for your general information only and is not intended to address your particular requirements. This information is not a solicitation or offer by the Bank to acquire or sell securities. Nor does it constitute any form of advice or recommendation by the Bank. Appropriate independent advice should be obtained before making any such decision. The price of investments can go down as well as up, and investors may not get back the amount they invested. Past performance is not necessarily a guide to future performance. Bank of Valletta p.lc. is licensed to conduct investment services business by the MFSA. Bonds and shares may be purchased and sold from any BOV branch. Further details may be obtained by contacting us on Tel. 2131 2020 or email: [email protected]