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  • The MSE Share Index trended in positive territory for the eleventh time in the last twelve sessions with a further 0.1% increase to yet another 7-year high of 4,027.053 points as GO plc and Mapfre Middlesea plc reached new multi-year highs whilst International Hotel Investments plc continued to advance. Download a copy of the Equity Market Summary.
  • On the bond market, the Rizzo Farrugia MGS Index registered its eight consecutive daily decline with a further 0.2% drop to 1,126.382 points as the benchmark 10-year Eurozone yields remained above the 1% level during this morning’s trading. However, by this afternoon, yields slipped back to the 0.9% level after successful bond auctions by Spain and Ireland.
  • The share price of International Hotel Investments plc edged 1.1% higher to recapture the €0.89 level across seven trades totalling 80,465 shares. This morning, IHI held its Annual General Meeting during which shareholders approved all the items on the agenda including the proposed acquisition of Island Hotels Group Holdings plc for €50 million payable in a mix of cash and new IHI shares. The Chairman announced that they are in discussions with the MFSA in connection with offering alternative financial instruments to the company’s free-float shareholders.
  • Similarly, the share price of GO plc gained 0.6% to a new 7-year high of €3.14 across four trades totalling 13,700 shares.
  • Likewise, Mapfre Middlesea plc closed at a fresh 6-year high of €1.86 representing a 0.5% increase from the previous closing price albeit on shallow volumes of 4,300 shares.
  • Bank of Valletta plc edged 0.2% higher to the €2.29 level across fifteen deals totalling 23,457 shares.
  • On the other hand, the share price of HSBC Bank Malta plc eased 0.5% lower back to the €1.83 level on shallow volumes of 1,112 shares.
  • Malta International Airport plc shed 0.3% back to the €3.36 level across a single trade of 1,000 shares.
  • The only other active equity was RS2 Software plc with a 0.6% drop back to the €3.40 level across four trades totalling 12,260 shares. Earlier this week, RS2 held its Annual General Meeting during which shareholders approved all the items on the agenda including the final net dividend of €0.044 per share and the 2-for-1 share split. The share split is effective next Tuesday 16 June including trades up to close of business tomorrow. Meanwhile, the dividend will be paid next Monday 15 June.
  • In a circular sent to all shareholders this week in connection with the upcoming Annual General Meeting, Grand Harbour Marina plc announced that it will be seeking approval from shareholders to effect a re-nominalisation of the shares from a nominal value of €0.232937 per shares to €0.24 per share and subsequently perform a 2-for-1 share split.

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