Yesterday the Malta Stock Exchange Index continued its recent slide, falling just under 26 points, or 0.8 per cent, to close at 3,078.578 points in light volume of 28,222 shares across a total of 25 trades.
Suffering the day’s biggest loss was the equity of the local telecommunications provider, GO plc, which closed 2c4, or 1.9 per cent lower, to end that day at €1.235 in five trades for a total of 1,030 shares.
The banking sector continued to suffer a lack of investor confidence as shares of Bank of Valletta plc fell 4c4, or 1.7 per cent, to close at €2.506 in thirteen trades for a total of 17,823 shares.
HSBC Bank Malta plc shares also closed lower, dropping 3c, or 1.1 per cent, to finish at €2.670 on volume of 7,600 shares across a total of five deals.
Rounding out trading were the shares of International Hotel Investments plc (IHI), which closed unchanged at €0.730 in two deals across a total of 1,769 shares. On Monday, IHI shares fell 2c, or 2.7 per cent on volume of 18,331 shares.
Trading in the corporate bond market was mostly negative with four of the ten bonds to trade in the day closing lower while a single issue finished higher. The 6.25% International Hotel Investments plc € 2015-2019 bond lost 50c, or 0.5 per cent, to end at €99.000 in three transactions for a total of €13,000 nominal. The 7.5% Mediterranean Investments Holding Plc € 2015 issue, meanwhile, added €1.000, or 1.1 per cent, to close at €95.000 in nine deals across a total of €31,000 nominal.
The government bond market drifted lower yesterday with seven of the nine government bonds to trade in the session closing lower, while a single bond ended in positive territory. The 5.5% MGS 2023 (I) bond shed €0.380, or 0.4 per cent, to close at €109.560 in a single trade of 18,635 nominal.
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