Trading activity during Tuesday’s session on the Malta Stock Exchange ended on a positive note with the Index gaining 1.1 per cent to close at 3,040.515. Thus the index managed to recover a large part of Monday’s sharp loss. Trading was spread across four equities, two of which ended in positive territory, one in the red while another active equity closed the day unchanged.

Yesterday’s trading focused mainly on the banking sector with shares in Bank of Valletta making substantial gains with an increase of six cents, which is equivalent to 2.9 per cent, to finish the day at the €2.140 level.

Shares in HSBC Bank Malta were also gainers in yesterday’s session, ending the day 4c9 cents, or 1.9 per cent, up, to close at €2.649.

Shares in Lombard Bank were the only losers of the day, with the price of this equity retreating by three cents, or 1.4 per cent, to end the day at the €2.150 level.

Plaza Centre shares were the day’s most liquid shares, as a volume of 9,900 shares were exchanged across two deals. This activity, however, did not affect the share price which closed unchanged at €0.550.

In the fixed income sector of the market, activity was spread across five corporate bonds and nine government stocks. The corporate bond market was largely positive with four bonds registering an increase in price and only one registering a loss. Here, the 4.8% Bank of Valletta Plc Sub 2020 in euro was the best performer, increasing by 2.2 per cent to close at €103.25. On the other hand, the only loser was the 7% FIMBank plc 2012-2019 in euro which closed one per cent lower at €101.010.

Activity in the government bond market was however largely negative, with seven of the bonds that were active registering a loss and two registering a gain. The session’s best performer was the 6.65% MGS 2016, which gained 0.09 per cent, to close at €115.07. On the other hand, the 5.1% MGS 2029 (I) was the worst-performing stock, shedding a marginal 0.3 per cent to close at €103.15. Total Malta Government stock turnover amounted to a nominal value of €628,260 across 12 transactions.

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: customercare@bov.com