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  • The MSE Share Index edged 0.4% higher this morning to regain the 3,200-points level for the first time in a month as a result of gains in Bank of Valletta plc (+0.4%), GO plc (+0.8%), Crimsonwing plc (+7.1%) and FIMBank plc (+6.4%).  Download a copy of the Equity Market Summary
  • The Rizzo Farrugia MGS Index eased 0.1% lower to 1,002.656 points as benchmark 10-year Bund yields eased back below the 1.4% level on fresh concerns that budget discussions in the US may be reaching an impasse. This also outweighed the relief on the market from the Greek debt deal.
  • Bank of Valletta plc edged 0.4% higher to the €2.429 level on increased volumes totalling 18,700 shares. The Bank will be holding its Annual General Meeting on 19 December.
  • GO plc’s share priced moved 0.8% higher to close at the €1.099 level across six trades totalling 10,300 shares.  The equity also hit an intra-day high of €1.10.
  • Crimsonwing plc saw its share price surge by 7.1% to a new 21-month high of €0.45 on fresh demand totalling 60,528 shares. Crimsonwing last week published its half-year results revealing an improvement in profitability to €475,161 (compared to a break-even position in the six months ended 30 September 2011) on the back of a combination of increased revenues (especially in the UK and at Crimsonwing Promentum) as well as cost savings particularly related to the restructuring undertaken in Crimsonwing NL.
  • FIMBank’s share price jumped by 6.4% to regain the USD0.83 level on a single deal of 3,000 shares. The trade finance specialist will be holding an Extraordinary General Meeting on 31 January 2013 seeking shareholders’ approval on a staged offer by Burgan Bank and United Gulf Bank (both subsidiaries of KIPCO) which will ultimately see the two entities controlling the Bank.
  • Plaza Centres plc maintained the €0.54 level across a single trade of 92,000 shares.
  • MaltaPost plc published its full-year results after the close of today’s session covering the financial year-ended 30 September 2012. The postal operator suffered a 31.2% drop in profitability to €1.3 million. Despite the drop in profits, the Company maintained the final net dividend at €0.04 per share and is offering shareholders the option to take up the dividend either in cash or in new shares at the attribution price of €0.70. Further details available here.

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