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  • The MSE Share Index ended today’s session 0.2% higher at 4,128.819 points which represents a 0.5% weekly increase. Today’s uplift in the local equity benchmark was due to increases in the share prices of GO and BOV which offset the decline in HSBC’s equity. Mean while all the other four active equities ended the session unchanged. Download a copy of today’s Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index edged 0.2% higher to 1,118.055 points on renewed risk appetite across financial markets after Greece submitted fresh proposals last night which are close to the requests of international creditors. This led to an uplift in the ‘safe-haven’ German Bund yields to over 0.8% whilst the yields of the peripheral eurozone countries declined with the ten year yield of Spain and Italy sliding to just above 2%.
  • Elsewhere, Mediterranean Investments Holding plc last week published a Prospectus in connection with a new €20 million bond at a coupon of 5.5% maturing in 2020. The bond is earmarked to finance the redemption of the maturing 7.5% bonds. Moreover, 6pm Holdings plc yesterday announced that it was granted approval to issue €13 million in unsecured bonds redeemable in 2025 at a coupon of 5.1% per annum. The company will be granting preference to shareholders and application forms to the qualifying shareholders will be mailed next Tuesday 14 July 2015.
  • The share price of GO plc trended higher for the seventh consecutive session with a further 0.6% increase to reach yet another 9-year high of €3.54 across five trades totalling 53,000 shares. GO will be holding an Extraordinary General Meeting on 22 July in connection with the proposed property spin-off.
  • Similarly, the equity of Bank of Valletta plc trended in positive territory today to partly reverse yesterday’s 2.5% drop. BOV edged up 0.9% today to €2.30 on volumes of 25,296 shares.
  • On the other hand, the share price of HSBC Bank Malta plc eased minimally lower to end this morning’s session at the €1.798 level across 18,495 shares.
  • Meanwhile, RS2 Software plc ended this morning’s session unchanged at the €2.215 level after failing to hold on to a fresh all-time high of €2.22 across eight deals totalling 42,400 shares.
  • Similarly, the equity of Malta International Airport plc held on to the €3.45 level on low volumes of 8,863 shares.
  • Shallow activity was also registered in the equities of Simonds Farsons Cisk plc and Tigné Mall plc with both ending this morning’s session unchanged at €4.65 and €0.85 respectively.

 

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