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  • The MSE Share Index edged 0.3% during this morning’s session to 3,394.850 points as the declines in HSBC and Middlesea were offset by the gains in BOV, GO, RS2, Malita, MIDI and Island Hotels Group. Meanwhile, Crimsonwing closed the session unchanged. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index retreated by 0.1% to 1,020.373 points as Eurozone yields regained the 2.03% level as concerns over the conflict in Syria eased after the Syrian government was receptive to the proposal by Russia to give up its chemical weapons. This initiative could avoid US military action in Syria.
  • Meanwhile, Medserv plc recently announced the issuance of €13 million 6% Secured and Guaranteed Notes due 2020/23. Interest is payable twice yearly on 31 March and 30 September. The preplacement will take place on 19 September 2013 and the General Public Offer opens on 23 September 2013. Minimum applications are for €2,000 and in multiples of €100 thereafter.
  • Sustained demand for the shares of RS2 Software lifted the equity by a further 1.1% to a new all-time high of €1.87 across two deals totalling 31,000 shares. Over the weekend, shareholders received the circular issued in connection with the Extraordinary General Meeting (EGM) scheduled to be held on Wednesday 2 October for shareholders to consider and approve a number of changes to the Memorandum and Articles of Association (MAA) of the Company. These changes were requested by Barclays Bank plc as part of the agreement with ITM Holdings to acquire a 10% shareholding in RS2. Barclays subsequently intends to acquire a further 10% stake through purchases on the secondary market.
  • BOV edged 1.7% higher to regain the €2.38 level across eleven trades totalling 24,497 shares.
  • GO recovered from an intra-day low of €1.481 to end the session 0.7% higher at the €1.51 level on volumes of 12,700 shares.
  • MIDI also recovered some of its recent declines with a 6.8% increase to the €0.235 level across three deals totalling 27,000 shares.
  • The only other positive performing equity was Island Hotels Group with a 0.5% increase to the €0.849 level on a small trade of 650 shares.
  • On the other hand, HSBC once again slipped to a fresh 14-month low before partially recovering to end the session 0.4% lower at the €2.50 level.
  • A total of 53,180 shares changed hands today. Also in the financial sector, Middlesea’s equity reversed yesterday’s 5.9% increase to close at the €0.80 level on a small deal of 250 shares. 
  • Meanwhile, Crimsonwing held on to the €0.74 level on volumes of 31,195 shares.

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