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  • The MSE Share Index moved 0.1% higher to 3,369.598 points as all active equities from the Official List traded upwards during this morning’s session. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index slipped back below the 1,020 points level as Eurozone yields moved closer to the 1.55% level on better-than-expected manufacturing data for the Eurozone.
  • BOV edged minimally higher to close at the €2.25 level across ten trades totalling 26,741 shares.
  • Similarly, HSBC’s share price rose by 0.2% to regain the €2.635 level on lower volumes of 7,480 shares. An interview with HSBC Europe’s CEO was published in the local press yesterday in which it was stated that HSBC continuously runs a rigorous six-filter process on its various businesses and as long as HSBC Malta continues to pass these tests, HSBC will remain committed to the Maltese market.
  • The share price of Lombard ended this morning’s session at the €1.71 level representing a €0.141 drop from the previous closing price (last trade was executed on 14 May at €1.851). However, the drop solely represents the ex-bonus issue adjustment. In fact, compared to the adjusted closing price of €1.683, the equity of Lombard this morning climbed by 1.6% to the €1.71 level across four trades totalling 20,000 shares.
  • IHI also inched minimally higher to recapture its 2013 high of €0.90 on volumes of 50,000 shares as investors await further developments with respect to the sale of the twelve luxury London apartments.
  • Similarly, new bids lifted the share price of Crimsonwing by 1.8% to a fresh 5-year high of €0.58 on volumes of 9,000 shares. Following last year’s 96% jump, the IT equity rallied by a further 18.4% since the start of 2013 on the back of improved financial results as confirmed by the latest company announcement which revealed a 15% increase in revenue during the financial year ended 31 March 2013 to just under €18 million. Furthermore, the Directors explained that the Group is well placed to reach the coveted the €20 million revenue target during the current financial year ending 31 March 2014. The audited financial statements as at 31 March 2013 are expected to be published in the coming weeks.

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