News Details
06/08/2012 12:00 - HSBC Bank Malta plc drops by 2.7 per cent and closes at €2.800

On Monday the Malta Stock Exchange Index dropped by 0.7 per cent and closed at 3,063.279 points.  Four equities were negotiated across 10 deals for a total value of €67,521.

 

HSBC Bank Malta plc lost most ground as its price dropped by 2.7 per cent and closed at €2.800 when 18,700 shares changed hands across four deals.

 

The other negative equity was GO plc which saw its price drop by 1.9 per cent and close at €1.020 on a single deal of 4,000 shares.

 

Meanwhile the share prices of Bank of Valletta plc and Plaza Centres plc remained stable at €2.110 and €0.550 respectively.

 

In the corporate bond market six bonds were negotiated across 10 deals for a total value of €67,521.  The 7.5% Mediterranean Investments Holding 2015 was the only positive performer of the session as its price appreciated by 1.1 per cent and closed at €101.10 on a single deal of 2,000.  On the other hand the 4.25% Bank of Valletta 2019 lost most ground as its price dropped by 0.4 per cent and closed at €100.50 on two deals with a total volume of 23,100.  The other negative bonds were the 4.6% HSBC Bank Malta 2017 and the 7.15% Mediterranean Investments Holding 2015/17.

 

In the government bond market 15 bonds were negotiated across 37 deals for a total value of €1,263,201.  Eight bonds were positive and seven were negative.  The 7.8% MGS 2018 was the best performer of the session as its price appreciated by 0.5 per cent and cloed at X$125.20 on two deals with a total volume of 15,272.  On the other hand the 4.3% MGS 2022 II lost most ground as its price dropped by 0.2 per cent and closed at €102.24 on five deals with a total volume of 100,000.

 

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