The high level of trading activity in the Malta Government Stock market persisted today as a further €5.7 million worth of local government paper changed hands.
In total, €28.7 million worth of Malta Government Stocks were exchanged in the past five sessions ahead of next week's new stock issues. 33.6% of this value was traded in the 5.2% MGS 2031 (I) with its price ranging between a low of 101.65% to a high of 102.73%. The price of the 19-year bond closed the week at 102.16%.
Later on this afternoon the Treasury will publish the prices of the three new Malta Government Stock issues announced earlier this week.
A total of €300 million will be on offer across the following stocks: (i) 4.25% MGS 2017 (III) (Fungibility Issue); (ii) 4.3% MGS 2022 (II) and (iii) 5.2% MGS 2031 (I) (Fungibility Issue). The subscription period for the public will take place between next Wednesday and Friday.
On the local equity market, Malta International Airport plc slipped 0.6% lower to €1.74 on a single trade of 7,200 shares.
During a press conference this morning, the airport operator confirmed the 6.5% increase in passenger movements in 2011...
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