MSE Share Index back into positive territory

Following last Friday's 0.2% decline, the stock exchange Share Index this morning moved back into positive territory with a 0.1% increase to 3,063.029 points as GO plc advanced and closed at its 2012 high of €1.17. Eight trades totalling 58,000 GO shares were transacted today with lowest offers now placed at the €1.20 level. A single trade of 1,000 Lombard Bank Malta plc shares lifted the Bank's equity 1.8% higher to close at the €2.24 level. Meanwhile Bank of Valletta plc and HSBC Bank Malta plc held on to the €2.07 and €2.52 levels respectively also on low volumes. The only other active equity this morning was Malta International Airport plc which also ended the first session of this week unchanged at the 2012 high of €1.77 level on volumes of 8,650 shares. Internationally, equity markets opened higher this morning on the back of the Greek election results which confirmed the pro-bailout New Democratic party as the winner giving further hope that Greece will remain in the Eurozone. However, the gains tapered off as the optimism in the markets were offset by an increase in Spain's debt costs which hit the unsustainable level of 7% thereby prompting fresh speculation over the...