Stock Exchange: MIA closes at new high, GO at fresh low
The local equity market moved back into negative territory today as the four large caps traded lower. On the other hand, Malta International Airport plc was the sole positive performer of the day and climbed 2.5% to close at a new 2010 high of €1.64...
The local equity market moved back into negative territory today as the four large caps traded lower.
On the other hand, Malta International Airport plc was the sole positive performer of the day and climbed 2.5% to close at a new 2010 high of €1.64 (equivalent to €3.28 before the recent share split). The 2-for-1 share split effective on 2 June 2010 seems to have impacted volumes positively as over 87,500 shares traded in the past two weeks.
Meanwhile GO plc slumped 2.6% to a new 2010 low of €1.90 representing a decline of 17.4% from its recent high of €2.30.
Among the banks, HSBC Bank Malta plc eased by 0.2% to €2.87 with Bank of Valletta plc edging minimally lower to €3.279 on volumes of 9,625 shares.
International Hotel Investments plc also shed 0.6% to close at €0.825 with offers already placed below the last closing price at the €0.82 level. Two trades amounting to 10,000 shares were executed today.
On the bond market, Mediterranean Investments Holding plc (MIH) announced details of a new 7-year bond issue available in euros, Sterling and US Dollars at a rate of 7.15% per annum. This follows the recent announcement by Tumas Investments plc and Izola Bank plc revealing details about their respective bond offering. Full details of all three bond offers together with copies of the prospectus are available at www.rizzofarrugia.com.
www.rizzofarrugia.com