A 1.2% rise in the share price of Bank of Valletta plc offset the losses in MaltaPost plc (-5.2%) and Malta International Airport plc (-0.1%) helping the MSE Share Index to close in positive territory after two days of declines.

BOV’s equity regained the €3.24 level on increased trading activity of 11,434 shares with further bids remaining unsatisfied at this level. On the other hand, MaltaPost’s share price dropped 5.2% to €0.806 with Malta International Airport plc closing minimally lower as 12,272 shares were exchanged. MIA this afternoon announced that in June the airport operator recorded a 19.3% rise in passenger departures for the second successive month bringing the increase in the first six months to 10.3%. Following the strong performance in the first half, MIA revised its full-year forecast upwards to a growth of 8% from its previous guidance of a 6% increase.

Elsewhere, HSBC Bank Malta plc maintained the €3.00 level on volumes of 7,800 shares. GO plc and International Hotel Investments plc also closed the day unchanged at €1.90 and €0.80 respectively.

This afternoon the Malta Stock Exchange confirmed the listing of the €25 million 6.2% Tumas Investments plc 2017-20 bonds on the Official List with trading in this security expected to commence as from tomorrow.

www.rizzofarrugia.com

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