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  • The MSE Share Index advanced for the third consecutive session with a further 0.4% increase to reach yet another two and a half year high of 3,494.949 points on the bank of increase the share prices of BOV, HSBC, FIMBank, RS2 and Crimsonwing. These offset the 2% decline in MIA. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index eased 0.1% lower to 1,025.141 points as Eurozone yields regained the 1.70% level. However, by this afternoon the benchmark 10-year German Bund yield has slipped back to the 1.67% level. It is also noteworthy to highlight that Italy successfully completed a 10-year bond sale with the spread over German bunds down to 248 points for the first time since July 2011.
  • The share price of BOV trended higher for the third successive session with a further 1.7% increase to a new two and a half year high of €2.39 on low volumes of 4,100 shares.
  • Shallow volumes also in HSBC as the equity inched 0.2% higher to €2.749 on volumes of 4,900 shares.
  • RS2’s share price climbed 1.5% to close at a fresh all-time high of €1.35 across 16,500 shares. In its latest announcement, the Group revealed a new licence sale worth GBP8.5 million, for its proprietary software BankWORKS with one of the leading financial institutions in Europe (licensee). The terms of the license agreement stipulate that the Licensee shall have the right to terminate the agreement for convenience up to the 30 August 2013.
  • Demand also emerged for shares of Crimsonwing as the equity briefly touched a new all-time high of €0.731 before easing minimally lower to close the session at the €0.73 level across 15,000 shares.
  • FIMBank also featured amongst the positive performing equities today with a 1% increase to regain the US$1.00 level across three deals totalling 6,800 shares. The trade specialist is expected to publish its 2013 interim results next Tuesday 13 August.
  • On the other hand, MIA trended lower despite the 14.2% increase in profits to €5.1 million in the first half of 2013 and the revised 6.7% projected growth for 2013 passenger movements. Equity only managed to partially recover from an 11-week low of €1.98 to end this morning’s session at the €2.00 level representing a 2% drop from the previous close across 17,400 shares.
  • Meanwhile, GO held on to the €1.692 level on a small deal of 190 shares.
  • Similarly, MaltaPost maintained the €1.01 level on low volumes of 1,390 shares.

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