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  • The MSE Share Index continued to trend higher as it edged up a further 0.1% during this morning’s session to close at the 4,100.556 points level for the first time in seven years on the back of gains in various large cap equities. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index shed 0.4% to a new 6-month low of 1,111.027 points as 10-year yields across the eurozone, including both of the ‘safe-haven’ German Bund as well as the peripheral yields of Spain and Italy, trended higher. Greece’s international creditors have refused to hold further negotiations until the outcome of this Sunday’s referendum in Greece.
  • Elsewhere, Mediterranean Investments Holding plc this morning published a Prospectus in connection with a new €20 million bond having a coupon of 5.5% and maturing in 2020. The bond is largely earmarked to finance the redemption of the maturing 7.5% bonds.
  • The share price of Bank of Valletta plc advanced by 0.8% to recapture the €2.338 level on low volumes of just over 6,000 shares.
  • Fresh demand helped the share price of GO plc rally to a fresh 9-year high of €3.50 before easing back to the €3.42 level which still represents a 0.3% increase over the previous closing price. A total of ten deals comprising 60,480 shares were executed during this morning’s session. Earlier this week, GO distributed the documentation in connection with the Extraordinary General Meeting (EGM) scheduled to be held on 22 July. The documentation includes a circular explaining the details of the proposed spin-off of the Group’s property subsidiary.
  • Similarly, the equity of RS2 Software plc remained well supported as added a further 0.5% to yet another all-time high of €1.99 across four deals totalling 16,500 shares.
  • There was a minimal increment in the share price of Malta International Airport plc to the €3.331 level on a small deal of 800 shares.
  • On the other hand, the share price of Mapfre Middlesea plc slipped 1.9% lower to the €1.79 level across two deals totalling 2,500 shares.
  • Meanwhile, HSBC Bank Malta plc maintained the €1.80 level on volumes of 11,500 shares.
  • Likewise, 11,300 shares of International Hotel Investments plc changed hands at the €0.865 level representing no change from the previous closing price on volumes off 11,300 shares. Yesterday, the IHI Group issued the Offer Document in connection with the conditional voluntary takeover offer being made to all shareholders of Island Hotels Group Holdings plc.
  • Similarly, Simonds Farsons Cisk plc and Medserv plc held on to their all-time highs of €4.50 and €2.355 respectively amid shallow volumes.

 

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